Peer-to-Peer Lending News

$1.17 Million Seed-Stage Investment Round A Success For SoMoLend

May 15th, 2012 - 0 comments - Filed Under - by Toi Williams

SoMoLend has closed its $1.17 million seed-stage investment round successfully, with CincyTech leading the round. Here is the press release: CINCINNATI – (May 15, 2012) – SoMoLend LLC, an alternative borrowing software-as-a-service lending platform focused on the social, mobile and local aspects of the loan market, has closed a $1.17 million seed-stage investment round. SoMo [...]

WikiLoan And Prouty Company Sign Comprehensive Distribution Agreement

May 14th, 2012 - 0 comments - Filed Under - by Toi Williams

WikiLoan has signed a comprehensive distribution agreement with Prouty Company for the WikiPay platform. Here is the press release: LOS ANGELES, Feb. 21, 2012 /PRNewswire/ — WikiLoan, Inc. (“WikiLoan”, or “the Company”) is pleased to announce that it has signed a comprehensive distribution agreement for the WikiPay platform with Prouty Company LLC (ProutyCo). We believe [...]

This Week in Peer to Peer Lending: 5/13/2012

May 13th, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – May 12, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]

Invest Better with the P2P Lending Wealth System

May 10th, 2012 - 2 comments - Filed Under - by Matthew Paulson

Peter Renton, founder of Social Lending Network, has launched a new version of his video training series for peer-to-peer lending investors called the P2P Lending Wealth System. The $147.00 video series consists of four video multi-part modules. There are three videos that introduce the concepts of peer-to-peer lending, discuss what risks are involved and what [...]

Lending Club Announces More Than $500 Million In Loans Originated

May 10th, 2012 - 0 comments - Filed Under - by Toi Williams

Lending Club has released a statement announcing that the company has originated over $500 million in loans since the company’s inception. Here is the press release: SAN FRANCISCO, CA – February 02, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, today announced that $500 million in loans have [...]

Government Approves P2P Finance Association’s Rules And Operating Principles

May 7th, 2012 - 0 comments - Filed Under - by Toi Williams

The P2P Finance Association has received approval for their Rules and Operating Principles, which set out key requirements that all Association members have to adhere to. Here is the press release: 26th March 2012: The P2P Finance Association, the trade body representing leading UK peer-to-peer (P2P) financial businesses, has today welcomed Government approval of the [...]

This Week in Peer to Peer Lending: 5/6/2012

May 6th, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – May 5, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]

RateSetter.com Sees Significant Growth In 6 Month Period

May 5th, 2012 - 0 comments - Filed Under - by Toi Williams

Ratesetter.com grows 100% in six months and indicators are suggesting that growth will continue. Here is the press release: UNITED KINGDOM, April 11, 2012 /Myintroducer.com/ — Peer-to-peer finance website RateSetter.com has today released figures which show the trend towards consumers taking out loans on a peer-to-peer basis is accelerating. The company has now matched over [...]

National Family Mortgage Wins Prestigious Award

May 3rd, 2012 - 0 comments - Filed Under - by Toi Williams

National Family Mortgage is the recipient of the Communication Award, beating out over six thousand top creative organizations from around the world for the honor. Here is the press release: BOSTON, MA–(Marketwire – May 1, 2012) – National Family Mortgage, America’s premier peer-to-peer lending solution for home loans between relatives, today announced that it has [...]

This Week in Peer to Peer Lending: 4/29/2012

April 29th, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – April 28, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]

MyAzimia and Launcht Announce Collaboration Agreement

April 27th, 2012 - 0 comments - Filed Under - by Toi Williams

MyAzimia.org and Launcht.com have decided to collaborate to boost their existing businesses. Here is the press release: PRLog (Press Release) – Mar 14, 2012 – MyAzimia.org, the Peer to Peer (P2P) and micro- lending platform provider and Launcht.com, the white-label crowd funding portal provider have entered into a collaboration agreement to enhance their existing businesses. [...]

Nearly 50% Of All Zopa Loans Repaid Early

April 26th, 2012 - 0 comments - Filed Under - by Toi Williams

Close to half of all Zopa loans are repaid early, free of any penalties that punish borrowers for paying back the loan before time. Here is the press release: LONDON, 28th February 2012 – Leading online peer-to-peer lender Zopa today confirms that since it launched in 2005, more than 45% of the loans due to [...]

This Week in Peer to Peer Lending: 4/22/2012

April 22nd, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – April 21, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]

Encash Provides Social Lending For Businesses And Consumers

April 20th, 2012 - 0 comments - Filed Under - by Toi Williams

Encash facilitates consumer and business lending in the United Kingdom through its online social lending service. Here is the press release: (PRWEB UK) 20 April 2012 Current economic climate in the UK for Small and Medium Enterprise (SME) businesses is dire with respect to getting working capital loans. It is increasingly important to have new [...]

This Week in Peer to Peer Lending: 4/15/2012

April 15th, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – April 7, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]

Zopa Celebrates Seven Years In The Business

April 9th, 2012 - 0 comments - Filed Under - by Toi Williams

Zopa celebrates its seventh anniversary by inviting its borrowers and lenders to celebrate with it at a party being held in London. Here is the press release: LONDON, 6th March 2012 – Zopa – the world?s first online peer-to-peer lender – celebrates its 7th birthday this week, coinciding with the Bank of England confirmation that [...]

This Week in Peer to Peer Lending: 4/8/2012

April 8th, 2012 - 0 comments - Filed Under - by Matthew Paulson

Alumni To Fund Student Loans Through SoFi

April 6th, 2012 - 0 comments - Filed Under - by Toi Williams

SoFi creates school specific lending funds to allow alumni to fund student loans at their alma mater. Here is the press release: San Francisco – April 2, 2012 – SoFi is launching a nationwide rollout of its innovative Community Loan Program for students and recent graduates. SoFi brings a new party to the broken $1 [...]

Funding Circle’s Second Funding Round Raises £10 Million

April 4th, 2012 - 0 comments - Filed Under - by Toi Williams

Funding Circle announced £10 million ($16 million) of Series B financing secured from Index Ventures and Union Square Ventures. Here is the press release: 27 March 2012 Funding Circle secures £10m ($16m) from Index Ventures and Union Square Ventures as demand for non-bank lending continues to grow – £28 million ($45 million) lent to more [...]

This Week in Peer to Peer Lending: 4/1/2012

April 1st, 2012 - 0 comments - Filed Under - by Matthew Paulson

Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Funding Circle Raises 10M – British p2c lending marketplace Funding Circle announced that they have raised 10 million GBP (approx 16M US$) from Index Ventures and Union Square Ventures. Funding Circle enables individual lenders to lend to establishes businesses [...]