The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The report, citing research firm Yingcan Group, reported that a crackdown by the China government caused the decline in peer-to-peer lenders. The...
With China tightening its regulations, some of the country’s largest FinTech startups are eyeing initial public offerings (IPOS) overseas. According to a report in Finextra, China’s A-share market is only for profitable companies and many FinTechs in the country are not yet profitable, giving rise...
Proplend, the P2P lender, announced Thursday (March 2) that it has been granted full authorization from the Financial Conduct Authority (FCA) for peer-to-peer lending, paving the way for the launch of its Innovative Finance ISA. In a press release, Proplend said the P2P lending platform connects investors...
The Financial Conduct Authority (FCA), the U.K. regulatory body, has written a letter to all CEOs of peer-to-peer (p2p) lenders and loan-based crowdfunding platforms that provide funding to finance companies that borrow money to bankroll their own lending, warning the practice may run afoul of the law....
March 23, 2020
Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world, according to a report by the Financial Times. One of the biggest P2P lenders in the U.K., RateSetter, has over 800 million pounds ($924 million) on its loan book. It’s […]
January 02, 2019
The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The report, citing research firm Yingcan Group,...
September 07, 2017
With China tightening its regulations, some of the country’s largest FinTech startups are eyeing initial public offerings (IPOS) overseas. According to a report in Finextra, China’s A-share market is only...
March 03, 2017
Proplend, the P2P lender, announced Thursday (March 2) that it has been granted full authorization from the Financial Conduct Authority (FCA) for peer-to-peer lending, paving the way for the launch...
