After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? Google’s Ulku Rowe on how innovative financial services...
There is big news out of the UK today. In his annual budget, Chancellor of the Exchequer (the equivalent of...
Earlier in the summer we learned that Metro Bank was in talks with RateSetter on a possible acquisition; today, it...
The UK continues to be a trailblazer when it comes to p2p lending. Zopa, the market leader in the UK,...
P2P-Banking has released its monthly report on loan originations; Funding Circle led originations for the month at 106.1 million euros, also reporting a new monthly high; Zopa and Ratesetter also topped the list; Zopa reported monthly loan originations of 85.3 million euros and Ratesetter had loan originations of 63.9 million euros. Source
The Times provides more detail on issues of transparency at RateSetter; reports that RateSetter made loans in partnership with Wellesley and Archover; according to The Times, RateSetter lent via these platforms, utilizing them as a source of borrowers; around GBP10 million ($13.05 million) in property development loans were lent in conjunction with Wellesley which were repaid in full in April 2016; GBP1 million ($1.31 million) in loans are still outstanding with Archover; a RateSetter spokesman reported that no new loans with these competitors are being issued. Source
If you look more broadly than marketplace lending and look at what is happening across the fintech world, you see large amounts...
Metro Bank is in talks to acquire one of the largest p2p lenders in the UK in RateSetter; according to...
The UK’s Financial Conduct Authority approved new rules for the p2p lending market that many think will weed out weaker...
After LendIt USA 2015 I took a two-week trip back to my home town of Sydney, Australia. This was primarily...