South Korean insurer buys 4.1% stake in lending Club for $66m
South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. The insurer paid $66.3m for the stake.
SocietyOne ropes in Beyond Bank for $1.5m investment
Australian peer-to-peer lending platform SocietyOne is partnering with Beyond Bank Australia.
Chinese lenders still popular as FirstP2P nabs $70m
Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.
Lending Club hires new CFO to lead through turbulent times
Lending Club has brought in its new CFO. Thomas Casey is joining the wavering peer-to-peer lending company following the departure of Carrie Dolan.
Chinese authorities raid peer-to-peer lender’s offices
The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group.
Unilend swipes €2.5m for crowdlending platform
French crowdlending platform for SMEs Unilend has raised a €2.5m ($2.8m) in a new round of funding. The capital comes from NewAlpha Asset Management.
Lending Club snaps up Wall Street execs to win investor
Peer-to-peer lending firm Lending Club is bringing new senior staff on board in an attempt to once again win favour with investment banks.
Chinese regulators crack down on peer-to-peer lending
Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations.
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
Faircent takes $1.5m for Indian peer-to-peer loans
Peer-to-peer lending firm Faircent says it’s attracted more than 6,000 registered lenders and 26,000 borrowers.
