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Peer-to-peer lending, Crowdfunding
Peer-to-peer lending, Crowdfunding
Curated by Therese Torris
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Curating Peer-to-Peer lending and Crowdfunding news

Curating Peer-to-Peer lending and Crowdfunding news | Peer-to-peer lending, Crowdfunding | Scoop.it

I started following P2P lending as a Forrester Research analyst when Zopa was created in the UK.

 

P2P lending was a buoyant but very small space then. Financial scandals, the resulting economic crisis and favorable regulation in countries such as the US, France and the UK are making crowdfunding, P2P lending and, more generally, the notion of by-passing traditional lenders more and more popular now. 

 

I am a contributor to http://www.crowdfundinsider.com/, a comprehensive source of news and commentaries on crowdsourcing and P2P lending . 

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Monica S Mcfeeters's curator insight, January 27, 2013 9:08 AM

Alternatives to big bank and big money investors. This is showing up as a way for emerging film makers and others with ideas, businesses or causes to move forward with the money from crowd funding.

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PayPal founder Levchin raises $275m for Affirm - a startup for instant credit at POS

PayPal founder Levchin raises $275m for Affirm - a startup for instant credit at POS | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: Affirm, a fintech startup led by Paypal co-founder Max Levchin that lets online merchants advance credit to consumers at the point of sale, has raised $275 million in debt and equity financing.
Therese Torris's insight:

Rather than using normal credit scores, Affirm asks applicants for their name, mobile number, date of birth and the last four digits of their Social Security number before using its algorithms to trawl online data that can be used to make a lending decision

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Uber teams up with P2P lender Zopa to provide car loans for drivers

Uber teams up with P2P lender Zopa to provide car loans for drivers | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: Uber has struck a deal with peer-to-peer lender Zopa to offer its London-based drivers financing for new cars.
Therese Torris's insight:

similar to the Google and Lending Club deal http://sco.lt/9F700f

Expect to see more of those deals

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UK P2P lender Funding Circle raises $150M brings total capital raised to $273M

UK P2P lender Funding Circle raises $150M brings total capital raised to $273M | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: Funding Circle, an online marketplace for business loans, has raised $150 million in a financing round led by DST Capital.
Therese Torris's insight:

Old finance rushes to invest in new finance https://www.crunchbase.com/organization/funding-circle

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P2P lender Prosper raises £165M ($245M) from big banks in Series D financing

P2P lender Prosper raises £165M ($245M) from big banks in Series D financing | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: US peer-to-peer lender Prosper has scored a £165 million financing round led by Credit Suisse and supported by a clutch of top banks.
Therese Torris's insight:

Next step IPO. P2P lending is now increasingly part of the US financial establishment. 

Prosper raised $355M to date

https://www.crunchbase.com/organization/prosper

 

 

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Crowdfunding market to hit $34.4 billion in 2015

Crowdfunding market to hit $34.4 billion in 2015 | Peer-to-peer lending, Crowdfunding | Scoop.it

Finextra: Global crowdfunding is set to double this year with the amount raised hitting $34.4 billion, says a new report from Massolution Research.

Therese Torris's insight:

The reports' author "Masssolution research" seems to be an arm of "crowdsourcing.org is the leading industry resource offering the largest online repository of news,
articles, videos, and site information on the topic of crowdsourcing and crowdfunding."  A bit opaque. Too new?

 

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UK P2P lender RateSetter gets £20m investment #P2Plending

UK P2P lender RateSetter gets £20m investment #P2Plending | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: The investment in the peer-to-peer lender, from veteran investment banker, Ken Costa, along with Woodford Investment Management and Artemis, places a lot of confidence in the nascent UK P2P and crowdfunding industry.
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JustPark Breaks Crowdfunding Records on Crowdcube, Hits £3.7 Million - Crowdfund Insider

JustPark Breaks Crowdfunding Records on Crowdcube, Hits £3.7 Million - Crowdfund Insider | Peer-to-peer lending, Crowdfunding | Scoop.it
Crowdfund Insider JustPark Breaks Crowdfunding Records on Crowdcube, Hits £3.7 Million Crowdfund Insider Parking innovator JustPark has closed its highly successful equity crowdfunding round on Crowdcube having raised £3.7 million from 2916...
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UK property #crowdfunding startup Property Partner raises £5.2M to let average user participate in buy-to-rent market

UK property #crowdfunding startup Property Partner raises £5.2M to let average user participate in buy-to-rent market | Peer-to-peer lending, Crowdfunding | Scoop.it
Property Partner is a London-based startup that lets anybody invest in the 'buy to let' market (as it's called here in the UK) starting from as little as..
Therese Torris's insight:

Will be interesting to watch how property crowdfunding unfolds and whether it ends up bringing to the average investor more return than traditional real estate funds plagged with fees do

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FundedByMe Now Accepts Bitcoin as it Offers Equity in Bitcoin Trading Platform Safello

FundedByMe Now Accepts Bitcoin as it Offers Equity in Bitcoin Trading Platform Safello | Peer-to-peer lending, Crowdfunding | Scoop.it

a vested interest to accept bitcoins

Therese Torris's insight:

that's a risky proposition

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Therese Torris's curator insight, March 19, 12:55 PM

that's what I call a vested interest to accept bitcoins

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EVEN Financial raises $2.8M to bring better qualified lenders and borrowers to P2P lending

EVEN Financial raises $2.8M to bring better qualified lenders and borrowers to P2P lending | Peer-to-peer lending, Crowdfunding | Scoop.it

"EVEN Financial---based in New York---is putting money it raised towards becoming a fixture in the fast growing peer-to-peer lend

 

"EVEN Financial uses data to connect lending marketplaces with more borrowers and verified potential lenders. This a service that CEO and co-founder Ian Rosen says companies need as the industry scales up. “There are more than 100 marketplace lending platforms in the U.S., and that number was closer to 50 a year ago,” Rosen says."

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Crowdfunding Real Estate in France (2): WiSeed

Crowdfunding Real Estate in France (2): WiSeed | Peer-to-peer lending, Crowdfunding | Scoop.it

Founded in 2008, WiSeed pioneered equity crowdfunding with a mission: To democratize capital investment. Since then, its 40 000 members have invested over 15 million euros in more than 50 businesses. Last summer, WiSeed created quite a buzz by launching a crowdfunding campaign to buy a share of the international airport of the city of Toulouse.

We met with Souleymane Galadima, the managing director of WiSeed Immobilier (WiSeed Real Estate).

Therese Torris's insight:

Slightly different B2C version in French on http://blog.financepratique.fr/2015/03/09/devenir-promoteur-immobilier-en-crowdfunding-2-avec-wiseed-immobilier/

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German Rocket Internet-backed P2P lender Lendico receives institutional investment in the 100s of Millions

German Rocket Internet-backed P2P lender Lendico receives institutional investment in the 100s of Millions | Peer-to-peer lending, Crowdfunding | Scoop.it

... The names of the funding institutions were not revealed. Since the funding platform was launched in 2013 they have facilitated around € 1 billion in loans...

Therese Torris's insight:

The competition for European leadership in P2P lending is heating up

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French P2B crowdlending in search of SMB borrowers (in French)

French P2B crowdlending in search of SMB borrowers (in French) | Peer-to-peer lending, Crowdfunding | Scoop.it

Summary : The recent regulation has caused a surge in French P2P lending, more precisely peer-to-business (P2B) platforms but SMBs are not flocking to them. Several causes :

- The concept is too new

- The market may have been overestimated

- The Web is not an efficient B2B marketing and communication channel for companies that start from scratch

The solution lies in distribution partnerships with establish banks and other companies that already have ongoing relationships with SMBs 


Via Philippe Serafin
Therese Torris's insight:

Only those platforms which are well-funded and well-connected enough will survive the market take-off phase. Others will collapse or consolidate 

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Therese Torris's comment, May 11, 5:36 AM
Bien résumé
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Orchard channels billions of $ of institutionnal funds into lending marketplaces

Orchard channels billions of $ of institutionnal funds into lending marketplaces | Peer-to-peer lending, Crowdfunding | Scoop.it
Orchard is credited here for causing the hockey-stock growth of p2p lending
Therese Torris's insight:
So much for desintermediation, direct lending, wisdom of crowds etc It all goes out the window
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Braveheart Investment moves coinvesting partnership from Crowdcube to Seedrs

Braveheart Investment moves coinvesting partnership from Crowdcube to Seedrs | Peer-to-peer lending, Crowdfunding | Scoop.it

LONDON (Alliance News) - Braveheart Investment Group PLC on Thursday said it has given notice to terminate its partnership with crowdfunding platform Crowdcube.

 

Braveheart struck a deal in January to launch Crowdcube Ventures Ltd to enable passive investors to build a portfolio of investments by co-investing in crowd-funded ventures.

Therese Torris's insight:

see also

http://www.dailyrecord.co.uk/business/company-results-forecasts/first-half-losses-widen-braveheart-investment-4821086

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P2P lender Assetz Capital raises more than £3 million in equity crowdfunding on Seedrs

P2P lender Assetz Capital raises more than £3 million in equity crowdfunding on Seedrs | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through specialty crowdfunding platform Seedrs.
Therese Torris's insight:

UK crowdfunding is one step ahead of everybody else. Tough competition for French and German equity crowdfunding sites.

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Rewards-Based Crowdfunding, the Ulule Way: Interview with CEO Arnaud Burgot |

Rewards-Based Crowdfunding, the Ulule Way: Interview with CEO Arnaud Burgot | | Peer-to-peer lending, Crowdfunding | Scoop.it

Ulule Challenges Global Crowdfunding Platforms with Rapid Growth & Stellar Success Rates... In the neck and neck competition to stay ahead of its rival KissKissBankBank and to defend the European turf against the increasingly visible US behemoths, Kickstarter and Indiegogo, Ulule is following its own, unique strategic path: staying focused on rewards-based crowdfunding, catering to international audiences, and developing the potential of crowdfunding as a bottom-up communication and engagement tool for brands.

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Logan Green (Lyft) and Dave Morin (Path) join the Advisory Board of crowdfunding platform Seedrs

Logan Green (Lyft) and Dave Morin (Path) join the Advisory Board of  crowdfunding platform Seedrs | Peer-to-peer lending, Crowdfunding | Scoop.it
Our team has experience in founding startups, investment banking, corporate law, new technologies, online security, online marketing and developing communities.
Therese Torris's insight:

Interesting board : more entrepreneurs than VCs and other professional financiers

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Holtzbrinck & Rocket Internet back 1st Spanish online SME lender Spotcap

Holtzbrinck & Rocket Internet back 1st Spanish online SME lender Spotcap | Peer-to-peer lending, Crowdfunding | Scoop.it
Holtzbrinck Ventures has taken part in a series-A funding round for online credit platform Spotcap.
Therese Torris's insight:

Funding Received todate $16.5 Million in 2 Rounds from 5 Investors - See more at: https://www.crunchbase.com/organization/spotcap

 

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French P2P lender Unilend Raises €8M in Funding

French P2P lender Unilend Raises €8M in Funding | Peer-to-peer lending, Crowdfunding | Scoop.it
FinSMEs is the Flash NewsBlog about Startup and SME financing. It covers seed/angel funding, venture capital and private equity rounds.
Therese Torris's insight:

I just realize I failed to curate this piece of news

Crunchbase entry https://www.crunchbase.com/organization/unilend

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Zopa CEO Giles Andrews Clarifies P2P Lending’s Dramatic Growth

Zopa CEO Giles Andrews Clarifies P2P Lending’s Dramatic Growth | Peer-to-peer lending, Crowdfunding | Scoop.it

Celebrating the tenth anniversary in finance,  Zopa, world’s first peer to peer lender has made significant achievements since its founding  “in a barn in Buckinghams

Therese Torris's insight:

good to hear from the early entrants

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Pebble's 2nd Kickstarter campaign to bring more than $20M

Pebble's 2nd Kickstarter campaign to bring more than $20M | Peer-to-peer lending, Crowdfunding | Scoop.it
Color e-paper smartwatch with up to 7 days of battery and a new timeline interface that highlights what's important in your day.

First campaign >$10M

Second campaign (for Pebble Time) : $18 M to date and 13 more days to go

Therese Torris's insight:

This is crowdfunding at work!

Campaign summary:

https://www.kickstarter.com/projects/597507018/pebble-time-awesome-smartwatch-no-compromises?gclid=CL3h6YLOp8QCFaQIwwodSHcAMg

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Carsales.com takes $10 million stake in P2P lender RateSetter

Carsales.com takes $10 million stake in P2P lender RateSetter | Peer-to-peer lending, Crowdfunding | Scoop.it
Online classifieds giant Carsales.com and its majority-owned Stratton Finance are taking a $10 million equity stake in peer-to-peer RateSetter, in an effort to expand the "disruptive" form of lending to car buyers.
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Crowdfunding Real Estate in France (1): Anaxago

Crowdfunding Real Estate in France (1): Anaxago | Peer-to-peer lending, Crowdfunding | Scoop.it

Founded in 2012, Anaxago is an up and coming equity crowdfunding platform. It attracts ambitious and innovative startups and SMBs, who in turn attract affluent and qualified investors. In less than three years, more than 40,000 Anaxago members have funded 35 projects to the tune of 14 million euros. In 2014, Anaxago launched Anaxago Real Estate....

Therese Torris's insight:

(Slightly different, more B2C) version in French on Finance Pratique http://blog.financepratique.fr/2015/03/04/devenir-promoteur-immobilier-en-crowdfunding-1-avec-anaxago-immobilier/ ;

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P2P lender SoFi aims for $3.5 Billion Valuation in IPO

P2P lender SoFi aims for $3.5 Billion Valuation in IPO | Peer-to-peer lending, Crowdfunding | Scoop.it

Crowdfund Insider: ... SoFi is a direct lender that got its start in the student loan refinancing sector but has since expanded its credit products. SoFi now provides personal loans  in 45 states and the District of Columbia directly challenging both Prosper and Lending Circle. ...

Therese Torris's insight:

Money flows to alternative finance.

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