P2P Weekly: Another record quarter for P2P, and more

26th October 2015

“A Record Breaking End to a Record Breaking Quarter,” AltFi.com

The UK Alternative Finance sector generated nearly £750 million last quarter, breaking records. This fits into an overall growth trajectory for the industry.

“Goldman Sachs Seeks to Grow Online Consumer Lending Business, Hires New Team,” Crowdfund Insider

Banking giant Goldman Sachs has revealed plans to move into online lending, believed by analysts to be in part a move to anticipate the impact of alternative fintech models that are gaining steam. Goldman Sachs already has key executives in place for the new operation.

“Funding Circle buys German peer-to-peer lender Zencap to kick off European expansion,” Evening Standard

P2P leader Funding Circle will rebrand Germany’s Zencap into its company. Funding Circle’s CEO Samir Desai says: “We have been hugely impressed with what the Zencap team have achieved so far. By coming together we combine Funding Circle’s leading position in the UK and US with Zencap’s deep understanding of local markets to create the first truly global marketplace lending platform.”

“Indiegogo’s New Charity Site Won’t Charge Platform Fees,” Huffington Post

Indiegogo’s Generosity platform will not take portions of donations for itself, though it will still charge fundraisers for the credit card and other third-party fees it incurs. It will also allow campaigns to run indefinitely.

“Reinventing the deal,” The Economist

“America’s startups are changing what it means to own a company,” The Economist asserts.

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