Peer-to-Peer (P2P)

Sometimes it’s best to rely on the kindness of strangers when borrowing money.

P2P cryptocurrency exchange Ethbits Local goes live

P2P cryptocurrency exchange Ethbits Local goes live

Peer-to-peer cryptocurrency exchange Ethbits Local is now online and offering trades throughout the United Kingdom, France, South America and Nigeria. Participants can also complete cryptocurrency payments, bank transfers and cash trades. Accepted currencies are ETH, in-house token ETBS and Bitcoin, ...

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Twino offers Kazakh consumer loans to investors

Twino offers Kazakh consumer loans to investors

Latvian P2P TWINO announced today it is listing loans from its Kazakhstan originator, making Kazakhstan the sixth country listed on the platform. It is also the first time a European P2P has expanded to Central Asia, the company said. The ...

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Funding Circle lands $100M equity investment

Funding Circle lands $100M equity investment

Small business lending platform Funding Circle has raised $100 million in equity capital. Accel led the round, which included participation from existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek, and Union Square ...

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Canadian P2P Lending Loop open for business

Canadian P2P Lending Loop open for business

Toronto-based Lending Loop, a platform connecting small businesses in need of financing with Canadian investors,  is open for business after completing its registration with the Ontario Securities Commission and additional regulators. It is available in every Canadian province except Quebec. ...

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Prosper launches Credit Card Optimizer

Prosper launches Credit Card Optimizer

Prosper Marketplace has enhanced its Prosper Daily app by adding a feature to help users better manage their finances by reducing debt. Credit Card Optimizer provides payment reminders, interest bearing balances by card and other information which helps people avoid ...

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Learning from online lending’s stumble

Learning from online lending’s stumble

“For online lending to regain its footing, it must address the risks inherent in the emerging asset class and clean up the ecosystem.” Online lending had enjoyed significant wind in its sails over the past five years. Aided by the ...

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Investor group suing Lending Club

Investor group suing Lending Club

The Shareholders Foundation has filed a lawsuit in California on behalf of some purchasers of shares of Lending Club over alleged securities law violations by the marketplace lender. The suit alleges Lending Club made inaccurate statements and/or failed to disclose inadequate internal ...

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