Alternative lending observes a continuously increasing number of Millennials and Generation Z. According to the Latvian P2P platform Robo.cash, this tendency is supported by the interest of young investors in a simple and comfortable source of additional income and the positive experience gained at the existing peer-to-peer platforms. Read more »
The P2P lending is turning to a significant source of additional income for the growing number of the European investors. According to the research carried out by analysts of the platform Robo.cash, this occurs due to the rising share of young investors in the market. Read more »
Assetz Capital has launched its Innovative Finance ISA today. The business peer-to-peer (P2P) lender’s ISA is available as a wrapper on all of the automated investment accounts, with the Manual Lending Account also set to be allowed into the ISA in early 2018. Read more »
AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced the launch of pera247 in the Philippines, an innovative, data-driven consumer lending platform delivered through a mobile application. pera247 is a digital lending solution that aims to provide unsecured small-ticket, short-term consumer loans for up to 90 days to the country’s underbanked population with no existing credit or collateral history. Read more »
ING announced today it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. The proposition fits ING's strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has been developed in a unique collaboration with suppliers and fintechs, including Kabbage, the fintech ING is already offering instant lending with to SMEs in Spain since 2016. ING invested... more Read more »
TWINO, one of Europe’s largest peer-to-peer (P2P) lending platforms, today announces that it is significantly expanding operations in Russia by adding new loans from its second Russian originator, onto its platform. The move is in response to high demand from both investors and borrowers. Read more »
Klarna Bank AB (publ) is delighted to announce the release of our new free of charge peer-to-peer (P2P) payment service ‘Wavy’, which enables people to send and request money in a secure, fast and easy way. Read more »
Lendico, the international peer-to-peer lending provider for small and mediumsized enterprises (SME), has concluded a cooperation with solarisBank, the first digital banking platform with a full banking licence. The two Berlin-based fintechs have concluded a long-term collaboration for financing SME loans. To begin with, solarisBank is providing an eight-digit sum for financing loans via Lendico. There are plans to expand the commitment in the... more Read more »
Since peer-to-peer lending and financing (P2P) made its appearance in China a decade ago, the country has become one of the world's leading markets for the service, with pent-up demand causing the domestic market to grow especially rapidly over the last two years. Read more »
DoFinance opens European peer-to-peer investment gates to private investors in Asia. In becoming the first European-based P2P platform to open a customer centre in Indonesia, DoFinance connects a customer-oriented approach set to European standards and Asian investors. Read more »
Today Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, revealed it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time. The 30DAA allows peer-to-peer lenders to invest automatically in loans and features automatic diversification to spread risk. Read more »
Making its customers’ lives easier with digital banking innovations, İşbank has launched a new P2P money transfer service, called as “Social Account”, which is available for the first time in Turkey. İşbank offers its mobile banking app users a new feature called “Social Account” which simplifies money transfers for all kinds of special occasions. Read more »
Equifax Limited, the consumer and business insight expert, has been appointed by new P2P lending platform Flender to support the underwriting of loans for UK SMEs. Equifax will supply real-time consumer and commercial data so that the underwriting process can be automated and optimised. The data insight, provided via the Equifax Business Insights solution, will give a holistic view of SME loan applicants, providing Flender with the tools to make... more Read more »
Growth Street, an alternative banking service provider for SMEs, announced today that it is now listed as an Appointed Representative (AR) on the Financial Conduct Authority’s (FCA) Financial Services Register. Formerly a peer to peer (P2P) platform purely for incorporated businesses to lend and borrow from each other, this new status allows Growth Street to accept individuals as investors on the platform. By expanding the range of investors,... more Read more »
TWINO, Europe’s fastest growing peer-to-peer (P2P) lending platform, today announces that it has begun listing Russian consumer loans, making it the first P2P lender to offer European investors the chance to invest in the region. The Russian loans will be offered to investors with bank-beating returns of c.14% per annum. Investors will also be offered TWINO’s BuyBack Guarantee, which protects from borrower default risk. Read more »
