P2P Lending

Vietnam: P2P lending startup Tima gets funding from Singapore investor

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Vietnamese P2P lending startup Tima has closed a US dollar 7-figure series A funding from a Singapore fund to accelerate service growth in the local market, a senior executive of the company told this portal.

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A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People's Bank of China, China's central bank, in central Beijing November 24, 2014.  REUTERS/Kim Kyung-Hoon/Files
RBI logo from the Bank's social media page. September 2015
A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan
China tightens rules for P2P lending platforms

It outlines stricter rules for peer-to-peer (P2P) platforms, where lending quadrupled last year to 440 billion yuan ($67 billion), according to Citigroup research, forbidding them from holding clients’ capital in-house.

Photo: Reuters
Kelvin Teo and Reynold Wijaya, Founders of Modalku  - Photo by Funding Societies
Indonesia’s Mitrausaha launches peer-to-peer lending platform Modalku

PT Mitrausaha Indonesia Group has launched a community Modalku which is facilitates peer-to-peer lending and funding platforms for borrowers and lenders. According to Reynold Wijaya, chief executive and co-founder of Modalku, he had developed the platform, as a gathering place for borrowers and financiers. “Modalku is a direct platform or borrowing market place (peer-to-peer lending/P2P) in… Read more »

Silver bullion. Credit: Flickr/Eric Golub
P2P lending. Credit:Flickr/401(K) 2012
China’s online P2P lending jumps four-fold to touch $150b: Report

Lending transactions via China’s peer-to-peer (P2P) platforms reached 982.3 billion yuan ($151 billion) in 2015, according to a report released by Wangdaizhijia.com, a mainland Chinese internet financial services web portal. This is a 288.6 per cent increase from the 252.8 billion yuan ($38.77 billion) in 2014, with mainland Chinese P2P lending platforms brokering… Read more »

Photo: Sneha Srivastava/Mint