peer-to-peerRSS

P2P lender Prosper’s valuation stands at $550m with new funding

Money coins piled up

US peer-to-peer (P2P) lending firm Prosper has landed $50 million in a Series G funding round. The capital comes from Hong Kong-based FinEx Asia and LPG Capital and raises the San Francisco-based company’s total equity funding to $410 million.

Has the face of payments changed forever?

Marieke Flament, Circle

Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

Is this the end of fintech as we know it?

Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

StreetShares raises $10.3m for “Shark Tank meets eBay” approach to P2P lending

VW Credit invests in AutoGravity

Alternative lending platform StreetShares raised $10.3 million in a venture round this week. The funds come from an undisclosed investor and bring the Virginia-based company’s total funding to almost $20 million since it was founded in 2013.

Klarna unveils free P2P payment service, Wavy

Klarna unveils Wavy

Klarna has unveiled Wavy, a new, free P2P payments service. Available in iOS and Android as well as online, the free app enables users in more than 30 European markets to transfer euros between friends and family.

P2P is gaining steam, but security concerns remain – NerdWallet

Mobile payments

Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills – but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet.

Zelle P2P payments network onboards new members

US prepaid consumers not happy

More banks and credit unions have joined Zelle Network, a new peer-to-peer payments platform in the US.

Redwood Credit Union launches mobile P2P payment service

Redwood Credit Union

California-based Redwood Credit Union (RCU) has launched a new mobile peer-to-peer payment solution, RCUPay. “RCU ends the IOU,” the credit union states.

Apple squares up to rivals with Pay Cash feature

Apple

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) payments market. In a range of updates to its mobile operating system, iOS 11, new features to the iPhone and iPad are coming this autumn. Apple Pay users will be able to make […]

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