The P2P lending industry in China is growing in leaps and bounds but so are the repayment issues, according to the latest report from Online Lending House. More than doubling the number of cases observed in May this year, the Chinese P2P industry saw a...
Funding Circle has gotten a capital infusion of its own, raising $150 million. The peer-to-peer online marketplace for business loans announced this week that it garnered the funds in a round led by DST Global. Also participating in the investment was Baillie Gifford, a fund...
Bidding for peer-to-peer loans has become highly competitive, as small banks have joined fast-money and retail investors searching online marketplaces for the strongest and highest-yielding credits, according to American Banker. One crowd-funded mortgage source, RealtyMogul, said it is selling whole loans to banks at between...
November 02, 2018
In a Kakao Pay-led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started in 2015, matches borrowers with investors in a marketplace for lending, according to reports. PeopleFund CEO Joey Kim has said that personal and consumer loans comprise about 25 percent of […]
April 24, 2015
Funding Circle has gotten a capital infusion of its own, raising $150 million. The peer-to-peer online marketplace for business loans announced this week that it garnered the funds in a...
October 09, 2014
Bidding for peer-to-peer loans has become highly competitive, as small banks have joined fast-money and retail investors searching online marketplaces for the strongest and highest-yielding credits, according to American Banker....
