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Last updated on April 23, 2014 at 21:24 EDT

Latest Person-to-person lending Stories

2014-04-14 16:27:52

More lenders, automated approvals and new platforms increase credit accessibility to consumers CHARLOTTE, N.C., April 14, 2014 /PRNewswire/ -- LendingTree, the nation's leading online source for competitive loan now provides consumers a more competitive marketplace for personal loans. Continuing to grow its network of personal loan providers, LendingTree is able to provide consumers with customized, real-time quotes from multiple lenders....

2014-03-12 12:33:34

WILMINGTON, Del., March 12, 2014 /PRNewswire/ -- Marlette Funding, LLC, a national lender of unsecured personal loans, announced today the launch of Best Egg, a streamlined approach to lending that enables consumers to borrow money online at competitive rates without administrative hassles or long waiting periods. "Our goal is to help our customers recover from credit card debt in a way that is clear and affordable and to get them on the path to building their nest egg," said Bobby...

2014-03-05 23:00:40

Investment will help accelerate rate of growth of P2P lending in Australia Sydney, Australia (PRWEB) March 06, 2014 SocietyOne, Australia’s leading Peer-to-Peer (P2P) lending company, today announced it has successfully completed an $8.5 million Series A round that includes investments from the newly-launched Australian venture capital fund Reinventure, Munich-based Global Founders Capital (GFC) as well as a private investment from Justin Reizes together with a number of existing...

2014-02-24 23:25:28

Peer-to-peer hedge fund to expand its investment in Main Street businesses through pioneering crowdlending platform. San Diego, CA (PRWEB) February 24, 2014 Direct Lending Investments, LLC, the general partner of a peer-to-peer (P2P) fund with a diversified pool of high-yielding, short-term small business notes, today announced a partnership agreement with Dealstruck, Inc., a leading online crowdlending platform. The deal flow provided by Dealstruck will enable Direct Lending Investments...

2014-02-05 23:24:19

Prime Meridian Income Fund, a peer-to-peer lending fund, released its 2013 returns reporting a profit of 9.89% net of fees and expenses. San Francisco, CA (PRWEB) February 05, 2014 Prime Meridian Income Fund, a peer-to-peer lending fund, released its 2013 returns reporting a profit of 9.89% net of fees and expenses. Since its inception in May 2012, Prime Meridian Income Fund, which is managed by Prime Meridian Capital Management, has returned 20 consecutive months of profit without a...

2014-02-04 08:41:28

MOUNTAIN VIEW, Calif., Feb. 4, 2014 /PRNewswire/ -- Zidisha has launched its global direct microlending platform at the legendary tech startup incubator Y Combinator. Dubbed an "eBay for microlending", Zidisha is the first online P2P lending platform to link individual lenders and borrowers directly across international borders. (Logo: http://photos.prnewswire.com/prnh/20140204/NE57723LOGO) A United States nonprofit organization, Zidisha lets ordinary web users make microloans to...

2014-01-07 08:40:31

- Can he Build the Lending Club Again, and This Time in China? SHANGHAI, Jan. 7, 2014 /PRNewswire/ -- Shanghai-based online financial services firm Dianrong.com recently announced that it has entered into an investment agreement with Northern Light Venture Capital (NLVC), under which the company has received tens of millions of dollars in investment from NLVC. Industry watchers and players have taken note as Lending Club co-founder and former Head of Technology Soul Htite has brought...

2013-12-24 23:20:27

Initial 28 Inc. launches beta version of its flagship business plan and funding platform, BusinessPlanToday.com. Led by a team from Carnegie Mellon University, the new website brings innovation to business plan software with a focus on helping small business owners bridge the gap from ideation to actual funding. San Francisco, CA (PRWEB) December 24, 2013 Launched a week before Christmas on a limited run basis, the website provides small business owners an easy and affordable way to...

2013-12-04 23:33:10

Cloud-Based Lending Leader Reaches Origination and Servicing Milestone New York, NY (PRWEB) December 04, 2013 LendKey, the cloud-based lending technology company located in New York City, today announced that it has surpassed $500 million in loan volume originated and serviced on its cloud-based platform. LendKey, which was founded in 2008, has primarily provided financial institutions with lending platforms for private student loans and private student loan consolidations. The company...

2013-09-17 23:27:20

According to Credit Reporting Agency Experian, 84.5 percent of people obtaining cars in the second quarter of 2013 financed the transactions with loans or leases, up from 79.7 percent in 2008. Georgetown, TX (PRWEB) September 17, 2013 U.S. banks are loosening their credit requirements when it comes to auto lending, according to a September 3 article in the New York Times. Two factors are driving this increase in sub-prime or bad credit lending. The number of car borrowers falling behind...