peer-to-peer lending

London-based Zopa nabs $25M from Arrowgrass Capital Partners

London-based Zopa, the largest peer-to-peer lending company in Europe, raised $25 million in funding from Arrowgrass Capital Partners. Proceeds will be used to continue the lending firm's growth.

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Lending startups to cater to creditors with damaged credit scores and shunned by banks

A group of financial tech startups are tapping into a niche market wherein 80 million people with low FICO credit scores could not obtain loans from banks and other financial institutions.

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Tightfisted banks push loan-seekers toward peer-to-peer lenders

While banks received USD2.3 billion in quantitative easing, they haven't been lending to small businesses and consumers and have pushed then to peer-to-peer lenders.

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Ppdai lands USD35 million investment from Alibaba Finance

Peer-to-peer financial lending platform Ppdai received a significant investment worth USD35 million from the financial arm of Alibaba Group, said sources who were familiar with the transaction.

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Prosper Marketplace gets USD25 million and Blackrock backing in new funding round

California-based peer-to-peer lending company Prosper Marketplace disclosed that it had received USD25 million in funding from investors including Sequoia Capital and BlackRock, Inc.

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P2P Investors Plan to Securitize Loans

P2P investors plan to securitize loans to further growth in originations.

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Wall Street Investors Brings Risks to P2Ps

Wall Street investors brought excitement as well as risks to the P2P sector.

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