Around 80 investors in failed lender Xinhehui protested outside the Hangzhou headquarters of a Meidu Energy Corp. on January 22th 2019. The investors voiced their fury to put pressure on the company to pay off […]
Peer-to-peer lending is growing up, and Wall Street is looking for a bigger piece of the action. The marketplace lending involves private loans between lenders and borrowers. It is usually arranged through websites such as Prosper, Lending […]
Venture capital firm Andreessen Horowitz has led a $15 million investment in PeerStreet, a financial technology startup that gives individual investors access to real estate-backed loans online. The investment comes just over a year from […]
China’s banking regulator has announced strengthened rules for the rapidly growing peer-to-peer lending industry, which has been plagued by widespread fraud and scandals. The new rules prohibit the provision of any guarantees to lenders, bar […]
From Seeking Alpha LendingClub (NYSE:LC) is certainly in the littered field of disastrous public debuts. Shares are down 80% since late-December 2014 and more than 50% this year alone. The company originally priced its IPO […]
Robo Adviser Hedgeable, an automated advice platform with $50.5 million in assets, says it will offer a peer-to-peer lending product later this year. Customers can invest in the loans as an alternative to fixed-income investments, […]
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