Archives for: October 2012

isePankur launches pan-European lending service

October 30th, 2012
isePankur.com
The Estonian peer-to-peer lending service isePankur.com has launched a service allowing European lenders and global institutional investors to invest in loans originating in Estonia.  Lending is denominated in Euros and can be as little as €5. isePanku… more »

ReBuildingSociety introduces cashback

October 29th, 2012
ReBuildingSociety
ReBuildingSociety, a new peer-to-business company, has launched a cashback scheme for new and existing lenders (who registered after 1st October).  The cashback is £50 for lending £1000 or more by 30th November 2012.  This offer has been listed on the P… more »

Encash waives loan application fee

October 22nd, 2012
Encash
Encash (YES-secure) today announced that they were waiving all loan application fees until 2013.  Encash was the only peer-to-peer provider to charge individuals a loan application fee. Here is the full text of their announcement: Dear Members, We… more »

Rise in bad debts in October

October 18th, 2012
Funding Circle
There has been a modest rise in bad debts between mid September and mid October for two peer-to-peer companies. Both Funding Circle and YES-secure saw an increase of 0.3% in their lifetime bad debts. This takes Funding Circle's lifetime bad debt to 1.… more »

Happy 2nd birthday to RateSetter

October 11th, 2012
RateSetter
Many happy returns to RateSetter who turned two years old this week.  It seems quite amazing for a company to go from nothing to arranging just shy of £37million in loans in 2 years in what was a niche sector.  In the last two years not a single lender… more »