News from around the world
PeerIQ released a 2017 Q2 report indicating that the “quarter saw nine marketplace lending securitizations with quarterly issuance of $3.0 Bn, representing 76% growth over 2Q 2016. To date, cumulative issuance equals $21.9 Bn across 92 deals.” The report adds several other financials to support the notion that P2P lending is a growing industry.
Market Realist took a closer look at Amazon’s growing lending business. The site has issued over $1 billion in small business loans over the last 12 months. The loans have been focused in the U.S., UK and Japan. Meanwhile, PayPal still towers over Amazon in total dollars lent. To date their selling hook appears to be offering competitive rates.
PRNewsWire recently explained that dv01, the lending market analytics platform, has partnered with a company called Upgrade which historically has offered loans and credit monitoring services. The credit data of users within the Upgrade database will likely bolster the overall analytics within dv01.
News.com.au explained that most Australians don’t know about marketplace lending because “Generally P2P providers may have fewer funds to spend on marketing.” Despite this fact, many believe that P2P lending will grow in the country as a result of increasing awareness and trust. The data from the research within the article explains that “63 per cent growth in P2P users in the past six months, while data from some providers shows 195 per cent growth last financial year.”
Reuters shared a study showing that women are better at crowdfunding. In a study of 450,000 crowdfunding campaigns across the globe PwC found that women were 32% more successful than men at reaching their target. Moreover, the same study showed that women were slightly more successful as measured by dollars raised than men.
Estonian business news portal Äripäev had a closer look at regional alternative finance platforms and their performance in a larger finance industry context. Bondora was brought as one of the few profitable P2P lending companies in Europe in 2017.