Tag: Peer-To-Peer Lending
Zopa cuts lending rates after interest rate cut
Zopa, Britain’s biggest peer-to-peer lending website, will trim the rates it pays to investors next week. Read more: www.telegraph.co.uk
Chinese peer-to-peer ‘basically’ a scam, says billionaire Guo
Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam”. Read more: www.bloomberg.com
RBI to regulate peer-to-peer lending
The RBI has proposed that peer-to-peer lending platforms would be regulated as a separate category of NBFCs. Read more: www.thehindubusinessline.com
Yirendai hit with lawsuits on share price decline
Several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai who acquired shares at some point during 2016. Read more: www.crowdfundinsider.com
Online lending’s ugly quarter stretched beyond Lending Club
Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more: www.bloomberg.com
China’s strict rules for P2P lenders hit Yirendai’s stock
China’s P2P lending market is finally getting a little oversight, but Yirendai’s investors aren’t sanguine about it. Read more: www.techinasia.com
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
Prosper in talks to sell $5bn worth of loans
Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.