Articles with tag: p2p lending

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China-based P2P lenders report USD 115 bln in losses due to scams

17 Aug 2020 | Digital Identity, Security & Online Fraud

Peer to peer (P2P) investors based in China have reported losses of over USD 115 billion in unpaid debt, due to failed lending platforms.

China, P2P lending, lenders, P2P lenders, scams, losses, unpaid debt, lending platforms, Chinese Banking Regulatory Commission, regulators, funds, investigations, scammers, fraudulent schemes

Estonia-based EstateGuru launches new payment system for Europe

24 Jul 2020 | Payments General

P2P lending platform EstateGuru has implemented fellow European fintech Lemonway’s payment facilities as it tackles full European launch. 

EstateGuru, lending, P2P lending, Estonia, Europe, Lemonway, fintech, payment, loans, Latvia, Poland, Germany, Spain, Finland, European Union, Lemonway IBAN, investor, BNP Paribas, alternative lending, Onfido, ID verification

Singapore-based lending platform Validus secures USD 20 mln investment

12 May 2020 | Payments General

The Singapore-based Peer-to-Peer (P2P) lending platform Validus has raised USD 20 million to help finance Small- to medium-sized businesses (SMBs).

Validus, Singapore, Southeast Asia, investment, p2p lending platform, peer to peer, SMB, small to medium business, growth capital, series b, financing gap, accredited lenders, corporate vendor financing, covid-19, working capital

Asian lending platform Validus raises 20 million

12 May 2020 | Payments General

Validus, a peer-to-peer lending platform developed in Asia, which connects accredited lenders with SMEs has raised USD 20 million for its ongoing Series B+ round.

Validus, lending, P2P lending, funding, Asia, banking, fintech

Alternative investing startup iCapital Network receives 146 million

26 Mar 2020 | Payments General

iCapital Network, a fintech startup which has developed a platform for investing in alternative assets, has raised USD 146 million in a funding round led by Hong Kong-based Ping An Global Voyager Fund.

funding, lending, P2P lending, fintech, iCapital Network, wealth advisors

European business P2P lending industry to reach USD 6.5 bln value in 2020

24 Mar 2020 | Payments General

The entire European business P2P lending industry is forecast to maintain its growth this year, rising 12.2% year-on-year, and reaching USD 6.5 billion transaction value, according to data gathered by

Europe, business, P2P lending, loans,

Starling Bank offers consumer loans through Zopa platform

17 Feb 2020 | Online & Mobile Banking

UK-based challenger Starling Bank has announced it is funding consumer loans via Zopa's P2P lending platform.

Starling Bank, consumer loans, lender, P2P lending platform, lending, Zopa, UK, challenger bank, digital bank, online banking, Europe, lending capability,

Digital payments on the rise in Indonesia, with GoPay, OVO top performers

28 Nov 2019 | Payments General

In Indonesia, digital payments are the most popular type of financial technology (fintech) service, followed by investment and pay-later services, Fintech Report 2019 has found.

Fintech, payment, GoPay OVO, P2P lending, bank, Asia

Tokopedia and P2P lender Modalku launch new SME financing product

23 Jul 2019 | E-invoicing, SCF & E-procurement

Indonesian ecommerce unicorn Tokopedia has deepened its collaboration with Modalku, a P2P lending platform.

Tokopedia, P2P lending, Modalku, SMEs, financing, mercgants, funding

CapitalBay to launch P2P financing platform

20 May 2019 | E-invoicing, SCF & E-procurement

Multi-bank supply chain finance platform CapitalBay has received the approval from the Securities Commission Malaysia to operate a P2P financing platform.

CapitalBay, Securities Commission Malaysia, product launch, supply chain finance, SCF platform, SCF, P2P, P2P lending, P2P lending platform, financing, CapSphere Services, Crowd Sense, MicroLeap, MoneySave Capital

Singapore lending platform Validus reopens LCV Trade Finance Fund

10 Apr 2019 | E-invoicing, SCF & E-procurement

Singapore-based P2P lending platform Validus Capital has reopened the fund with independent asset management company Lighthouse Canton.

Validus Capital, Lighthouse Canton, trade finance fund, asset management, trade finance, P2P lending, P2P lending platform, Singapore, APAC, Asia

ZOPA to use open banking to improve P2P lending

11 Mar 2019 | Payments General

UK-based lender ZOPA has announced it is considering ways of using open banking to let its P2P investors access their wider portfolio in one place.

ZOPA, product upgrade, open banking, UK, Europe, P2P lending, borrower income verification, alternative lending

New P2P lending fund launches targeting 5-7% return

08 Jan 2019 | Payments General

Luxembourg-based alternative investment company P2P Lending Fund has announced that it will target returns in a 5-7% range without leverage.

P2P lending fund, alternative lending, return rates, Luxembourg, Europe, hedging costs, Reserved Alternative Investment Fund

LendingMetrics launches open banking platform for lenders

30 Nov 2018 | Payments General

UK-based tech company LendingMetrics has announced the launch of OpenBankVision, an open banking platform dedicated to P2P lenders.

LendingMetrics, OpenBankVision, product launch, UK, open banking, open banking platform, P2P lending, lending, lender,

How regulation created a fintech boom in Brazil

29 Nov 2018 | Expert Opinion

Ralf Germer and Alex Hoffmann, co-founders of PagBrasil, explain what stays behind the fintech boom in Brazil 

PagBrasil, Brazil, fintech, Central Bank of Brazil, Cielo, Visa, Ralf Germer, Alex Hoffmann, P2P lending, cryptocurrency, Rede, acquiring market, Visa, Mastercard, crypto exchange, Direct Credit Institution, credit card, debit card