US marketplace lending platform Lending Club has hired ex-BlackRock executive Patrick Dunne as chief capital officer.
PostFinance one of the largest five retail banking institutions in Switzerland will partner with Lendico to launch joint venture Lendico Schweiz, which will facilitate loans to SMEs in Switzerland.
Aviva France, together with two partners, alternative asset management firm Eiffel Investment Group and insurer AG2R La Mondiale, is launching an investment fund called “Prêtons Ensemble” (Lending together) dedicated to financing loans to small and medium-size enterprises (SMEs) provided through crowdlending platforms.
The Bank of England is getting into the Fintech space. In a speech by Mark Carney, Governor of the Bank of England, Carney embraced the disruptive transformation that is impacting all forms of finance.
American Express plans to enter into the online lending space with a new short term funding solution for businesses.
PayPal Working Capital has now lent over $2bn to over 90,000 businesses across the UK, US and Australia.
Stone Ridge Asset Management plans to buy about $1 billion of LendingClub loans this year, according to a person with knowledge of the matter. Many more investors are finishing due-diligence checks after the leadership shakeup, saying they also will purchase more.
Since launch there were provided 1,101 loans on Žltý melon worth a total of € 4,379,404. Until now investors got repaid the principal of € 2,529,415.17 and they gained € 788,307.83 on interest and fees. Up to the date were fully paid 285 loans which stands for 25.9 % of the portfolio.
The UK’s Alternative Finance Industry appeared to skip the Easter break with origination volumes in the month of March setting a new high watermark. £342.5m of financing was originated over the course of the month. This is a 12% uplift on February’s number and a 66% rise on the origination seen in March last year.
The Singapore based Shanda Group owned by Chen Tianqiao has increased its stake in beleaguered P2P/marketplace lending platform Lending Club to 15.13 per cent, according to regulatory filings.
The European Investment Bank (EIB) has agreed to invest £100m through the Funding Circle platform, which comes alongside a £25m investment in the Funding Circle SME Income Fund.