Wall Street investors brought excitement as well as risks to the P2P sector. (Photo : Reuters)The image shows the Wall Street sign as seen outside the New York Stock Exchange.
Tags: 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.
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.
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.
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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