Germany

International P2P Lending Marketplace List – Loan Volumes February 2016

wiseclerk 1 Comment
The following table lists the loan originations for February. Funding Circle leads ahead of Zopa and Ratesetter. I added Harmoney and Crowdproperty to the list. I do monitor development of p2p lending statistics for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending platforms.
Investors living in markets with no or limited choice of local p2p lending services can check this list of marketplaces open to international investors. Investors can also check how to make use of current p2p lending cashback offers available.
Last month these companies crossed significant milestones:
  • Pret d’Union reached 250M EUR since launch
  • Harmoney crossed 200M $ since launch
  • Smava reached 100M EUR (counting p2p loans only, not the brokerage model for banks) since launch
P2P Lending Volume February 2016
Table: P2P Lending Volumes in February 2016. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.
Notice to p2p lending services not listed: Continue reading →

Auxmoney Raises Series D from Seven Ventures

wiseclerk 1 Comment

Auxmoney Logo 2016Auxmoney, one of the oldest German p2p lending marketplaces, has completed a Series D round with Seven Ventures as lead investor. The specifics were not disclosed, only that Seven Ventures along with Index Ventures, Union Square Ventures und Foundation Capital invested a double digit million Euro amount. Seven Ventures is the investment arm of ProSiebenSat.1 Media SE, which operates large TV channels in Germany.

Raffael Johnen, co-founder and CEO of Auxmoney stated: „The partnership with ProSiebenSat1 is an important milestone on our path to change the public awareness for p2p lending in Germany. We will make a big step towards our goal to enable access to loans for more people. The raised capital and the better access to TV advertising will help us to make p2p lending part of everyday life of millions of people.” (original quote in German; own translation)

Auxmoney trippled loan volume in 2015 compared to 2014.  As of January 31st, 2016, according to numbers on file with P2P-Banking.com, the company had originated 441 million EUR in loans since launch, with a monthly loan origination volume of 10.6M for the last month on file (January 2016).

Auxmoney management
Auxmoney management

International P2P Lending Loan Volumes January 2016

wiseclerk 7 Comments
The following table lists the loan originations for January. This month Ratesetter led, followed by Zopa and Funding Circle. I added one more marketplace to the list. I do monitor development of p2p lending statistics for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services.
Investors living in markets with no or limited choice of local p2p lending services can check this list of marketplaces open to international investors. Investors can also learn how to make use of p2p lending cashback offers available.
Last month these companies crossed significant milestones:
Marketplace Lending Statistics 01/2016
Table: P2P Lending Volumes in January 2016. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.
Notice to p2p lending services not listed: Continue reading →

International P2P Lending Services – Loan Volumes December 2015

wiseclerk
The following table lists the loan originations for December. This month Funding Circle led slightly ahead of Ratesetter. Funding Circle UK also crossed the milestone of 1 billion GBP loans originated since launch. I added two more platforms to the list. I do monitor development of p2p lending statistics for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services.
Investors living in markets with no or limited choice of local p2p lending services can check this list of marketplaces open to international investors.
P2P Lending Volume 12/2015
Table: P2P Lending Volumes in December 2015. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.
Notice to p2p lending services not listed: Continue reading →

How Lendico Uses FinTecSystems to Streamline Borrower Application Process

wiseclerk

In Germany p2p lending marketplace Lendico uses a solution offered by startup FintecSystems to simplify the borrower application process. Automatically accessing online banking data for the past 90 days of the applying borrower the service makes the postal submission of bank statements and certificates of salary via postal services redundant. This saves time and costs involved in the verification of the borrower’s loan application.

Co-Founder Christoph Samwer said: ‘The integration […] is an important step to offer our borrowers an application process rid of media discontinuity and to improve our risk assessment‘ (original quote in German, own translation).

Here is what FintecSystems says about their service:

…Our recently released new product called FintecSystems RISK enables lenders to obtain real time financial information about their customers using just their online banking account. This results in a more accurate and seamless loan application processes by enriching existing application processes or existing data.

With FinTecSystems RISK lenders can access up to 90 days of customer account activity. For lenders it is possible to derive certain information of interest from the account activity, e.g. using salary to carry out risk assessments. Also validating or completing financial information of the borrower to have a consistent data basis, while reducing the need for manual interaction efforts and costs for both parties.

With FinTecSystems RISK, we build a bridge between BigData and SmartData. Accurate information about a borrower enables the lender to be more effective with loan terms. Precise and quality data is more important than data quantity. Data quality is the crucial factor to establish an online financing process in Germany and Austria. Eliminating a manual finishing processing step for the lender…

International P2P Lending Volumes November 2015

wiseclerk
The following table lists the loan originations for November. Funding Circle overtook Zopa measured by new volume followed by Ratesetter. I added two more platforms to the list. I do monitor development of p2p lending statistics for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services.
Investors living in markets with no or limited choice of local p2p lending services can check this list of marketplaces open to international investors.
P2P Lending Volume 11/2015
Table: P2P Lending Volumes in November 2015. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.
Notice to p2p lending services not listed: Continue reading →