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P2P lending: What's to worry?

P2P lending: What's to worry? | Crowdfunding, Peer-to-peer lending | Scoop.it
Former FDIC chair Sheila Bair explains why a good idea needs more regulation. (Investors are making good money extending credit to their fellow Americans via crowdlending platforms!
Therese Torris's insight:
Expresses concerns that the cost advantage of crowdfunding over community banks might come only from lighter regulation
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Marc Kneepkens's curator insight, December 28, 2013 12:43 PM

Good introduction to Peer-to-Peer lending. A good alternative for some.

Crowdfunding, Peer-to-peer lending
Peer-to-peer lending, crowdfunding, crowdlending, equity crowdfunding, rewards-based crowdfunding
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Curating Peer-to-Peer lending and Crowdfunding news

Curating Peer-to-Peer lending and Crowdfunding news | Crowdfunding, Peer-to-peer lending | 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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TrustBuddy P2P lenders to lose 25%of value of recovered outstanding loans - when recovered...

TrustBuddy P2P lenders to lose 25%of value of recovered outstanding loans - when recovered... | Crowdfunding, Peer-to-peer lending | Scoop.it
Finextra: Bankrupt P2P lender TrustBuddy says investors will lose a quarter of their cash after handing over £24 million of outstanding loans to a debt collection agency.
Therese Torris's insight:

P2P lender to loose 25% in addition to the (probably increased) risk of default of the loans themselves

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Alternative payday lender LendUp raises $150 million

Alternative payday lender LendUp raises $150 million | Crowdfunding, Peer-to-peer lending | Scoop.it

Finextra: As it positions itself for further growth, LendUp has raised $150 million in a combination of Series B round financing and an expanded credit facility.

The San Francisco-based financial technology company launched in 2012 to design safe, transparent credit products, available online or through a mobile phone, for the millions of Americans unable to obtain credit from traditional banks. LendUp followed the success of its payday loan alternative, the LendUp Ladder (currently available in 23 states), with the roll-out of its financial education courses.

Therese Torris's insight:

Transparency, education, customer service and direct lending are what make LendUp an "alternative" payday lender

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SaaS banking & lending platform provider Mambu raises €8 Million

Mambu, the SaaS banking platform provider, today announced it has raised €8 Million in their latest funding round led by Acton Capital Partners and CommerzVentures with participation also coming from existing investors. This latest funding will be used to continue building on Mambu’s global momentum and successes, with the company achieving over three times year-over-year growth and recording several significant milestones over the last 12 months. This includes over 30 new customers, a quadrupling of portfolio under management and an array of new functionality including support for various SME and P2P lending methodologies.
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Lendix Takes the Lead in France’s SME Crowdlending

Lendix Takes the Lead in France’s SME Crowdlending | Crowdfunding, Peer-to-peer lending | Scoop.it

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplac that meets the needs of institutional investors"

Therese Torris's insight:

Seems like the reality principle is hitting us in the face : alternative finance is getting closer to traditional finance by the day

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Up to 90% of Chinese #crowdfunding platforms to face sweeping changes

Up to 90% of Chinese #crowdfunding platforms to face sweeping changes | Crowdfunding, Peer-to-peer lending | Scoop.it
This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules.  Xu Hongwei, CEO of Shanghai-base
Therese Torris's insight:

The largest crowdfunding market in the world is (re)structuring

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Tech and Banking Giants Ditch Bitcoin for Their Own Blockchain

Tech and Banking Giants Ditch Bitcoin for Their Own Blockchain | Crowdfunding, Peer-to-peer lending | Scoop.it
IBM, Intel, and Cisco are joining the London Stock Exchange and others to create their own version of bitcoin's worldwide ledger.
Therese Torris's insight:

of course they do. which does not mean they can make that work either

 

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Zopa Raises £70 Million at £500 Million Valuation

Zopa Raises £70 Million at £500 Million Valuation | Crowdfunding, Peer-to-peer lending | Scoop.it
Zopa, the largest peer to peer lending platform in the UK, is reportedly working with JP Morgan to raise £70 million giving the company a £500 million valu
Therese Torris's insight:

Would have commanded a much higher valuation if it had some international footprint

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Microfinance a transformative power with Macro Potential

 

Hampshire, UK: 25th November 2015: New data from Juniper Research has found that both microfinance providers, and mobile carriers, are driving a surge in financial inclusion for the unbanked populace in developing nations, through the provision of sophisticated mobile finance services.

Juniper’s new research, Mobile Financial Services: Developing Markets 2015-2020, estimates that microfinance user numbers in developing regions, including Africa & India, will triple from 94 million in 2015 to 283 million by 2020.

Mass Adoption

The research found that mobile savings accounts such as Safaricom’s M-Shwari and Tigo Tanzania had already gained mass adoption in their respective markets, with the network operators benefitting both from reduced churn and from the opportunity to upsell additional content such as microinsurance and loans.

A Transformative Effect

Indeed, the research points out that the introduction of such services can have a transformative effect on both individual livelihoods and on communities. ...

 

Therese Torris's insight:

You can download a Whitepaper for free at the above address

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Therese Torris's curator insight, November 25, 2015 8:20 AM

You can download a Whitepaper for free at the above address

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Pan-European #crowdfunding platform Invesdor joins forces with SF-based DreamFunded.com

Pan-European #crowdfunding platform Invesdor joins forces with SF-based DreamFunded.com | Crowdfunding, Peer-to-peer lending | Scoop.it
Invesdor, a Helsinki-based equity and debt crowdfunding platform, raised funding from Manny Fernandez, a San Francisco angel investor
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Earnest raises $275m to build efficient online credit machine marketed as 'modern bank for the next generation'

Earnest raises $275m to build efficient online credit machine marketed as 'modern bank for the next generation' | Crowdfunding, Peer-to-peer lending | Scoop.it
Finextra: Earnest has raised $75 million in a Series B funding round and secured another $200 million in debt financing as it prepares to take on traditional banks with its data-centric approach to online lending.
Therese Torris's insight:

There is no lack of funding for modern day consumer credit and payday lenders a la Wonga.

 

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Meet Tilt: The Crowdfunding Platform Growing Faster Than Kickstarter, GoFundMe - SocialTimes

Meet Tilt: The Crowdfunding Platform Growing Faster Than Kickstarter, GoFundMe - SocialTimes | Crowdfunding, Peer-to-peer lending | Scoop.it
Tilt was envisioned as a mobile and bite-sized tool for crowdfunding and is evolving into a social commerce platform. Marc Andreesen is a huge fan.
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Peer-to-peer lending takes hold in Korea - Korea JoongAng Daily

Peer-to-peer lending takes hold in Korea - Korea JoongAng Daily | Crowdfunding, Peer-to-peer lending | Scoop.it
Peer-to-peer lending takes hold in Korea
Korea JoongAng Daily
In this era of rock-bottom interest rates and a sluggish domestic economy, neither borrowers nor investors can get the deal they want from traditional banks.
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SoFi on the Offensive: Put Banks on the Endangered Species List

SoFi on the Offensive: Put Banks on the Endangered Species List | Crowdfunding, Peer-to-peer lending | Scoop.it

Crowdfund Insider :  SoFi is one of the fastest growing marketplace lending platforms in the United States. The direct lender started by providing student loan services 

Therese Torris's insight:

I'm not a friend of all this blanket "anti-bank" propaganda by firms that dream of being a bank. I find it as ridiculous as being "anti-money". 

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POS credit startup LoanHero raises $2.5 M

PEHUB:"LoanHero Inc said Wednesday it raised another $2.5 million in seed funding led by Alsop Louie Partners and Mucker Capital. La Jolla, California-based LoanHero, an EvoNexus portfolio company, is an online lender.

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Alternative lender SoFi ditches Fico scores

Alternative lender SoFi ditches Fico scores | Crowdfunding, Peer-to-peer lending | Scoop.it
Finextra: US online lending powerhouse SoFi has declared itself a Fico-free zone, ditching traditional credit scores in favour of what it claims are more useful data.
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TechCrunch Editor launches his "imprint" at crowdpublishing platform Inkshares

TechCrunch Editor launches his "imprint" at crowdpublishing platform Inkshares | Crowdfunding, Peer-to-peer lending | Scoop.it
  To writers of fiction and nonfiction alike, TechCrunch editor John Biggs has this to say: "I'm looking for things I love." Biggs, who has written re
Therese Torris's insight:

looks like Inkshares has found the recipe to make crowdpublishing work

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Lending startups dominate digital banking funding scene

Lending startups dominate digital banking funding scene | Crowdfunding, Peer-to-peer lending | Scoop.it
Finextra: Lending firms dominate the fintech funding scene, pulling in nearly two thirds of all investment in digital banking startups in 2015, according to CB Insights.
Therese Torris's insight:

The credit card debt market is up for grabs

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Blockchain investment fund Coinsillium raises GBP 1 M on Seedrs and starts trading on ISDX in London

Click for Dec 24's press releases

http://coinsilium.com/investors/regulatory-announcements/334-issue-of-shares-and-joint-broker-appointment

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China P2P Lender Lufax Plans IPO Worth Up to $5 Billion

China P2P Lender Lufax Plans IPO Worth Up to $5 Billion | Crowdfunding, Peer-to-peer lending | Scoop.it

Lufax, valued at $10 billion this year, intends to go public in Hong Kong in what may be the biggest IPO there for any financial institution in five years.

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Reminder: Rewards-based crowdfunding does not equate presales

Reminder: Rewards-based crowdfunding does not equate presales | Crowdfunding, Peer-to-peer lending | Scoop.it

A few years ago an enterprising programmer dug through Kickstarter's data to figure out how many failed projects there really were. Thanks to a trick in the..

Therese Torris's insight:

Crowdfunding has a built-in risk

It's part of what makes it different

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AltFi reports on 3 years of data from equity #crowdfunding : too early to judge ROI

AltFi reports on 3 years of data from equity #crowdfunding : too early to judge ROI | Crowdfunding, Peer-to-peer lending | Scoop.it
AltFi and law firm Nabarro have produced a report looking at the performance of 431 past equity crowdfunding campaigns from 367 companies.
Therese Torris's insight:

Report is mixed: companies that received crowdfunding  Investment perform better than average but 3 years of statistics can't demonstrate that they provide a good return on Investment as there was only one exit

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Facebook quietly launches crowdfunding #Facestarter

Facebook quietly launches crowdfunding #Facestarter | Crowdfunding, Peer-to-peer lending | Scoop.it
Facebook’s on a quest to absorb the Internet, and now it looks like it could invade crowdfunding. Today the company released a new Fundraiser product that..
Therese Torris's insight:

Mark Zuckerberg's announcement en Facebook:

As recent events have shown, many people around the world can benefit from the help of our community.

Earlier this year, we helped connect people with charities offering relief to Nepal after the earthquakes and our community raised over $15 million.

Today we're taking the next step on that journey as we begin testing fundraisers for nonprofits. We hope this makes it easy for you to support the causes you care about.

...

These new tools for nonprofits include a simple Donate button on posts and pages, and fundraiser pages where they can raise awareness for specific campaigns. These tools should help nonprofits reach new supporters, engage their community and get valuable funding needed to do their good work.

Here are some of the organizations we're testing these tools with:

Syrian Refugee Crisis Response by Mercy Corps, https://www.facebook.com/donate/10153317348256275/

NOW MS research campaign by the National Multiple Sclerosis Society, https://www.facebook.com/donate/10153352394954315

Be the Hero Nature Needs by the WWF, https://www.facebook.com/donate/10153379029714794

We're starting off by testing with 37 organizations including Mercy Corps, National Multiple Sclerosis Society and the World Wildlife Fund -- just in time for the giving season.

This is a very early product, and we're currently testing it in 20 countries, but we look forward to launching it more widely next year.

I'm excited to see how our community uses these new tools to do even more good in the world.

  
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Anti-Rape Wearable Roars to Crazy Successful Crowdfunding Campaign - Philadelphia Magazine (blog)

Anti-Rape Wearable Roars to Crazy Successful Crowdfunding Campaign - Philadelphia Magazine (blog) | Crowdfunding, Peer-to-peer lending | Scoop.it
It's raised $193,000 and counting. Now it's time to build a business.
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Crowdfunding a crowdinvesting platform for climate solutions - Treehugger

Crowdfunding a crowdinvesting platform for climate solutions - Treehugger | Crowdfunding, Peer-to-peer lending | Scoop.it
Can the power of crowdinvesting help kickstart a revolution in climate solutions?
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It’s a Long Way to European Equity #Crowdfunding Regulation

It’s a Long Way to European Equity #Crowdfunding Regulation | Crowdfunding, Peer-to-peer lending | Scoop.it
Insights from the European Crowdfunding Convention 2015 The European Crowdfunding Network (ECN) has been holding its 4th Convention in Paris. The main topi
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Particularly interesting quote from the French regulator
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