Saturday, January 28, 2023

AlliedCrowds prepares for P2P platform AlliedExchange launch

This proposed platform will use P2P lending technology to present a range of sub-Saharan Africa loans to both retail and institutional investors. Read more:

JustUs Sets ambitious plan to disrupt Peer to Peer lending

JustUs, a new peer to peer lending platform focusing on the IF ISA space, is preparing to launch a crowdfunding campaign on Crowdcube to raise £1 million. Read More:

Clara nabs $27m in VC funding for mortgage lending platform

California-based FinTech startup Clara has raised $27m in a second round of financing led by Redpoint Ventures and Venrock. Read more:

P2P lender Landbay granted ISA manager status by HMRC

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. Read more:

Relendex reaches milestone with full FCA authorisation

Relendex has reached a significant milestone with full authorisation from the Financial Conduct Authority. Read more:

Funding Circle has topped £2bn in lending

The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2bn mark. Read more:

Klarna launches its first credit product

The online financing giant Klarna is continuing its rollout in the U.S. with a host of new partnerships and a new product so online shoppers in the US. Read more:

Alternative lenders aren’t going away, they’re just misunderstood

What a difference a year makes. In 2015, Lending Club was a marketplace-lending leader with a $7 billion market cap. Read more:

Prosper backs out of secondary market for loans

According to multiple reports, Prosper is shutting down secondary trading for it's loans eliminating a liquidity path for retail investors. Read more:

Damage from scandal continues to hit Lending Club

The San Francisco company reported a $32m loss during the fourth quarter, bringing its losses for the full year to $146m. Read more: