P2P Lending

Kopo Kopo's Mobile Money Merchant Transactions Hit Over 1,000,000. Share0 0 0 Today, our friends at Kopo Kopo, a Kenyan-based global mobile money payments acceptance, SME loan and business intelligence firm announced a big milestone, showing mobile money payments are here to stay, and even take over cards and NFC combined.

Kopo Kopo said it processed its 1,000,000th payment via Lipa na M-PESA last week after its first ever Lipa na M-PESA payment on March 28th, 2012. “We’re lucky to have identified a solution to a real and significant market failure. It’s been an incredible journey so far, but we’re just getting started,” Ben Lyon, Kopo Kopo Director told TechMoran, adding that the firm has experienced twenty-seven consecutive months of growth and now service roughly 15,000 SMEs throughout Kenya. With 1,000,000+ payments, this is a good start for Kopo Kopo and just the beginning of its mission to change the ways SMEs manage their businesses in emerging markets.

Making_sense_of_the_uk_collaborative_economy_summary_fv.pdf. Low Rate Loan ~ CircleBack Lending. Peer to Peer lending. Double Shot Interview with Neil Roberts - CEO HarMoney. About LendIt - Peer-to-Peer & Online Lending Conference. Social Lending and Peer to Peer Loans Blog.

Empowered People and Resilient Brands. Personal Loans and Online Investing - Peer to Peer Lending - Prosper. TransferWise. Loans That Avoid Banks? Maybe Not - NYTimes.com. Photo It was that rare thing, scarcely seen in the financial world since the debut of the A.T.M. or : an innovation to help regular people.

When peer-to-peer, or P2P, lending began in the middle of the last decade, it offered an easy way for people to lend money to each other over the Internet. On sites like Prosper Marketplace and Lending Club, prospective borrowers could list their requests, often alongside their personal stories, and people with spare cash could decide whether to finance them. By cutting banks out of the process, borrowers typically got a lower interest rate than they would have paid on a credit card or a loan without collateral.

And individual lenders earned higher returns — averaging in the high single digits — than they would have received by parking their money in a savings account or a certificate of deposit. Now, as the industry matures, a new class of investors is storming the P2P gates, and they include the very institutions that P2P had set out to bypass. 100% MAD. Points to remember. The Next Big Thing You Missed: Startup’s Plan to Remake Banks and Replace Credit Cards Just Might Work. Max Levchin, founder and CEO of online payments startup Affirm.

Affirm “I don’t know if I want to own a bank. But I do want to lend money in a transparent way, and I want to create an institution people love,” says Max Levchin, between sips of coffee on a Friday morning at a New York City cafe. “I want to be the community bank equivalent for the 21st century, where people say: ‘I trust my banker. He’s a good guy who’s looking out for me.’” Dressed in a bright green t-shirt with the name of his startup—Affirm—emblazoned across the chest, Levchin looks and sounds like just another idealistic Silicon Valley entrepreneur rehearsing for Demo Day. After raising $45 million in venture funding, Affirm recently launched a new service called Split Pay, which lets customers pay for online purchases in installments, instead of upfront. According to Levchin, Split Pay is just the first step in bringing some much-needed transparency to the banking industry.

Affirm’s confirmation page. Affirm. The Great Currency Debate! It's Peerfunding, not crowdfunding - Tom Dawkins, StartSomeGood.com. HandUp - Direct giving for the homeless and others at-risk. Dan Pallotta: The way we think about charity is dead wrong. Lending Club Can Be a Better Bank Than the Banks. Home. The man who lives without money – Opinion – ABC Environment. Irishman Mark Boyle tried to live life with no income, no bank balance and no spending.

Here's how he finds it. If someone told me seven years ago, in my final year of a business and economics degree, that I'd now be living without money, I'd have probably choked on my microwaved ready meal. The plan back then was to get a 'good' job, make as much money as possible, and buy the stuff that would show society I was successful. For a while I did it - I had a fantastic job managing a big organic food company; had myself a yacht on the harbour. If it hadn't been for the chance purchase of a video called Gandhi, I'd still be doing it today. Building Fair and Sustainable Economies. Online Lending Hong Kong - WeLend.hk. Home - Ellen MacArthur Foundation. Acorns. Q & A with Lending Club CEO Renaud Laplanche. FORTUNE — On March 20, Lending Club announced plans to launch a small business loan platform.

Lending Club business loans will range from $15,000 to $100,000 initially, with fixed interest rates starting at 5.9% for one-to-five-year loans. Initially, these loans will only be available to institutional investors, but CEO Renaud Laplanche aims to open it to retail investors after the first year. Fortune caught up with Laplanche to discuss the company’s first new product earlier this week. What are you trying to accomplish with your new product? We have pretty ambitious goals. The reason we wanted small business loans to be our first new product is based on unsatisfied market needs. Is there a lot of competition in this space?

The segment we are thinking of addressing is not all that crowded. Will you be targeting the same investors as Lending Club has so far? Over time, we will. Personal Loans and Online Investing - Peer to Peer Lending - Prosper. KlickEx. Funding Circle boss says 'peer-to-peer' lending boom has only just begun. By Hugo Duncan Published: 21:28 GMT, 14 August 2013 | Updated: 09:31 GMT, 15 August 2013 Funding Circle celebrates its third birthday this week and its three co-founders are in bullish mood.

The website, through which investors lend directly to businesses in exchange for an eye-catching rate of return, is growing at breakneck speed. MasterCard WorldWide Insights. Search for. #PunkMoney. P2P: Insurance Customers Turn to Digital, Family and Friends for Advice [STUDY] Over 4,000 US automobile and home insurance customers were surveyed by Accenture (@Accenture).

The survey revealed that 76% of consumers prefer paying their insurance policies to an agent, while 58% prefer doing so online. Also, 43% of them choose websites over phones and 26% choose personal contact. On the other hand, only 4% chose to pay via mobile applications. Respondents rank their preference in obtaining product information and positioned an insurer’s website first with 72%. Behind friends and family with 61%, exclusive insurance agents rank third in customers’ preference with 56%. Search engines and aggregators rank fourth and fifth with 55% and 54%, respectively. Customers’ preference is also not consistent with their age. Key Stats Erik J. Covered by my Visible Banking Team Any thoughts on those insights from Accenture’s recent survey on the impact of digital insurance and the customers’ new expectations and behaviours when researching insurance products? Crowdfunding via Facebook: Puddle's P2P Platform Allows Friends to Pool Funds to Loan to Each Other.

Smart Oracles: Building Business Logic With Smart Contracts. The Future of Financial Services. I’ve recently gone back to read some of Sean Park’s (of Anthemis fame) old blog posts and even re-watched the incredible “AmazonBay” which, despite being written way back in 2005, remains a very plausible future of financial services and it is essential viewing for anyone in fintech.

Staying on the topic of Anthemis for a moment, they are very clearly a thesis-driven investor. They’ve done very well to position themselves around trends in banking very early in their evolution through investments in companies like Simple, Moven and Fidor. There are many fintech-related theses that have been explored in fantastic detail by people far better qualified than myself (the death of the branch, identity being the new money, driverless cars and insurance etc), but I thought it was time to share one of mine – a possible path for the evolution of the distribution for retail financial services.

In case it wasn’t obvious, this is cloud banking… Retail Finance 1.0 Retail Finance in Transition. Rose Goslinga: Crop insurance, an idea worth seeding. Conscious consumerism - The Drawing Room. Redefine Success in Business.