Peer-to-peer lending stories
Fingular taps Kilde for SGD $10m credit line to fund Southeast Asia expansion, ramping up Malaysia consumer lending under Tambadana.
Decentralised Finance is poised to revolutionise financial systems globally, promoting transparency, inclusivity, and drastically reducing transaction costs.
Australasian marketplace lender Harmoney has appointed Australian-based David Stevens as its new CEO, effective early 2020.
Ecommpay's new open banking solution boosts The Money Platform's flexibility and transparency, enabling millions of secure, low-cost peer-to-peer loan transactions.
AND Solutions partners with AEON Thana Sinsap to streamline small loan applications in Thailand with advanced credit scoring and document processing software.
The machine learning models Harmoney has created with DataRobot are trained on data captured from more than 300,000 loan applications.
Overall, the study finds that New Zealand offers the highest returns for investors on peer-to-peer money lending platforms.
Harmoney has claimed to be the first in the world to use peer-to-peer lending for 'unforeseen hardship' on loans, the company reports.
PledgeMe branches into P2P lending, allowing Kiwis to crowdfund significant ventures, bypassing traditional banks.
Lending Crowd arrives to disrupt NZ's P2P lending, focusing on better rates and efficient loans for SMEs and borrowers.
Harmoney's Neil Roberts steps down from board but maintains CEO position amidst company's evolving financial journey.
The $2 million limit on equity crowdfunding may be revised up over time, says Snowball Effect co-founder Josh Daniell.
Sites such as Harmoney are said to be disrupting traditional banks and are changing the face of financing as we know it.
Trade Me has acquired a 15% stake in lending platform Harmoney, New Zealand's first peer-to-peer lending company, for $7.7m.
Harmoney, NZ's first peer-to-peer lender, shakes up the finance sector by linking borrowers directly with investors, promising lower costs.
The second phase of regulation of the Financial Markets Conduct Act, which overhauled the decades old Securities Act, has been approved by newly in.