Zopa, the industry's first P2P lender, has reached a new milestone, originating over 2 billion British pounds ($2.5 billion) in loans since 2005; according to Zopa the firm has originated 300,000 loans from 246,000 borrowers and has 75,000 investors; in the UK, Funding Circle is also close to reaching the 2 billion British pound mark with cumulative loan originations of 1.92 billion British pounds ($2.40 billion) since its launch in 2010. Source
In this episode we talk with Dave Uhryniak, the Director of Blockchain Strategy for TRON, discussing decentralized finance, the Metaverse, NFTs, stablecoins, DAOs and more...
The ECB has published a report stating that most banks it supervises are not aligned with its climate-related and environmental (C&E) risk management goals.
Binance, a major cryptocurrency exchange, announced on Friday that its branch in Italy had received regulatory approval from the country’s watchdog.
Source reports on increased passive investment in UK P2P lending; notes Funding Circle's removal of manual loan investing and a greater number of platforms offering "black box" investing; IFISAs are supporting this trend as well as UK platforms offering the accounts with diversified loan investments. Source
UK based Pia, personal investment assistant, is testing their new aggregator platform to help people find the best digital wealth advisor; “We spent time speaking to people who said we need to launch a product that’s far more accessible, interesting and engaging for somebody that doesn’t have a lot of investing experience and don’t know where to start,” said co-founder James Mackonochie to TearSheet; the difference between Pia and a typical aggregator site is they will use an AI powered chatbot to customize the user experience. Source.
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...
Marqeta opened their office in London in October last year and today they have announced that they have signed up...
Equity management platform Capdesk and investment management service Fidelity are partnering to enable a continuous transition of share plans from private to public.
Giles Andrews launched Zopa, the industry's first peer-to-peer lending platform, in 2005; he has now taken on a new role as the chairman of MarketInvoice; MarketInvoice provides P2P financing for small business invoices giving them an alternative source for working capital; Giles Andrews will help the firm scale its business and reach its 2017 goal of 2 billion British pounds ($2.48 billion) in lending. Source