We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast. LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. Log in. Your email address will not be published. Banks and Marketplace Lending Platforms: Ideal Partners? The number of people borrowing money from P2P … China had merely 15 P2P lenders in operation at the end of August, down 99 percent from the start of 2019, Feng Yan, deputy director of the department of inclusive finance of the China Banking and Insurance Regulatory Commission, said at a press conference. Founded in 2010 in Beijing by Yang Yifu, RenRenDai offers loans to consumers and small businesses with yields ranging from 10% to 18% and maturities ranging from 3 to 24 months. China’s three-year clampdown on the peer-to-peer (P2P) lending industry chopped the number of platforms down to just three from about 6,000 at the peak, according to the nation’s top banking regulator. largest P2P lending platform in the world, 80% of all loans going to small businesses, https://technode.com/2014/12/31/fintech-trends-in-china-to-watch-in-2015/, CommunityLoan | P2P April 2014 PerformanceCommunityLoan, Fintech Trends in China to Watch in 2015 - TechNode, The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place, The 2018 Lending Club and Prosper Tax Guide, Map of Available States for Lending Club and Prosper Investors. RenRenDai is one of the largest and fastest growing P2P lending platforms in China. Liu Fushou (刘福寿), chief lawyer of the China Banking and Insurance Regulatory Commission (CBIRC), announced on 6 November that the number of P2P online lending organisations actually operating in China … P2P online lending companies in China have been all but squeezed out of existence following a crackdown on the once-flourishing sector due to concerns over widespread fraud issues. Two Great Sessions About Embedded Finance on LendIt Fintech Digital, Top 10 Fintech News Stories for the Week Ending November 7, 2020, Podcast 272: Jo Ann Barefoot and David Ehrich of AIR, Introducing the New Certified Fintech Practitioner Course, LendingClub Shows Continued Recovery in Q3 2020 Results.
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