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.

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.

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 »

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 »