30 October 2017 | Financial startups | News | P2P lending | Regulatory news

Chinese authorities are looking to tighten their regulations of the online financing websites as the fintech lending services raise concerns amid loose regulations of the market. Caixin Media Company Ltd.,a Beijing-based media group, reported that an official from the financial markets department at the People’s Bank of China said that the central bank joins forces with other governmental bodies to introduce the newly developed regulation to control financial risks associated with online lending.

Read more...

9 October 2017 | Financial startups | News | P2P lending

Spotcap, a Berlin-based fintech startup providing access for SMEs in Germany to online loans, reported a milestone of €120 million issued in loans to small to medium sized businesses nationwide. The company also unveiled that it had been invested €22 million through its current investor network with the total funds raised to date achieving €100 million since the inception three years ago.

Read more...

4 October 2017 | Analytics | Articles | P2P lending

Advocates of peer-to-peer lending often cite a multitude of benefits both for borrowers and lenders, noting that it is an inexpensive alternative to bank credit for a party looking for financing and more profitable option to get high returns on liquid assets for investors. The key factor behind these advantages is supposed to be an absence of any intermediary between a lender and a borrower as the whole transaction is performed directly between the parties, or peer to peer.

Read more...

2 October 2017 | Banking techs | Financial startups | News | P2P lending

Zopa, a London-based personal finance P2P lending provider, is partnering with regional building society oа England, Saffron Building Society, to offer loan provision services in 11 physical branches and offices of the society. Over the past year the company has successfully helped to obtain more than £800 million in personal loans to borrowers across the United Kingdom.

Read more...

7 August 2017 | Crowdfunding | News | P2P lending | Regulatory news

Regulating authorities in the United Arab Emirates are seeking to introduce a set of rules for governing the crowdfunding market for small businesses across the nation, according to the latest reports in the mass media. The Dubai International Financial Center, a major global financial hub for MEA and South Asia, along with the Dubai International Financial Services Authority (DFSA), an independent regulator of financial services, are considering the agenda of regulating the crowdfunding market for SMEs.

Read more...
Show more posts...