The highly respected innovation charity Nesta, has published its annual list of predictions for 2015.
Peer to peer lending platform Proplend has stated they are now approved for inclusion in pension funds.
The higher price of buy-to-let finance, with average new mortgage rates one third more expensive for landlords than for owner-occupiers, leaves a gap for peer to peer mortgage lenders, according to research commissioned by peer-to-peer lender Landbay.
With two IPOs this month and a digitally-inclined audience of small business owners, non-traditional financing providers could finally be getting their big break.
The people who stand to profit most from a run-up in the tech industry’s latest hot stocks always like to have a broader narrative at hand to justify their investments.
“Massachusetts residents have already borrowed more than $150 million through our marketplace, and we are proud to now welcome investors from the Bay State as well.”
Because of a regulatory quirk, Lending Club and its competitors depend on banks to issue their loans. The set-up raises questions about the regulatory outlook for the fast-growing marketplace lending sector.
There’s no doubting that the peer-to-peer lending industry is growing exceptionally fast. According to recent research by University of Cambridge and NESTA, the alternative finance market in the UK alone grew 150% in 2013 and will exceed that again by the end of 2014.