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Post by easteregg on Oct 20, 2015 8:37:56 GMT
I'm attending LendIt Europe. Any interesting news I'll be tweeting about #lenditeurope. One bit of breaking news is that Funding Circle are to open in Germany, Spain and Holland.
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arbster
Member of DD Central
Posts: 810 
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Post by arbster on Oct 20, 2015 8:43:35 GMT
As much as I love Twitter, it would be great if you could provide a summary here (or a link to a summary on your website) too  |
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Oct 20, 2015 8:45:30 GMT
As much as I love Twitter, it would be great if you could provide a summary here (or a link to a summary on your website) too He has there is a twitter feed on his website (I think).
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arbster
Member of DD Central
Posts: 810
Likes: 426
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Post by arbster on Oct 20, 2015 8:48:31 GMT
Yeah, Twitter's great, but in squeezing snippets into 140 characters sometimes the meaning can get lost. I guess I was just asking for a more expanded write-up in due course.
I might tweet the next FC Investor Evening, assuming they ever invite me back...
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Post by domUP on Oct 20, 2015 9:07:33 GMT
They are acquiring Zencap - a pretty nice new site over in Germany.
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Post by easteregg on Oct 20, 2015 9:44:52 GMT
A few interesting stats today. The UK P2P market is estimated to be £4.4billion in 2015, and £115billion globally, with China the biggest market by far. While the Eurpean sector is 3 times smaller it is estimated to overtake the UK by 2020.
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Post by easteregg on Oct 20, 2015 9:45:37 GMT
They are acquiring Zencap - a pretty nice new site over in Germany. Zencap should have been rebranded Funding Circle today.
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Post by domUP on Oct 20, 2015 10:23:59 GMT
A few interesting stats today. The UK P2P market is estimated to be £4.4billion in 2015, and £115billion globally, with China the biggest market by far. While the Eurpean sector is 3 times smaller it is estimated to overtake the UK by 2020. Maybe - the EU will need to reduce their massive heavy handed regulation in regards to crowdfunding and think of spurring on growth like the UK's incoming ISAs and business referral scheme. The EU is naturally far more risk averse, cash is much harder to come by for innovation, with industry and the mittelstand ideals lauded above start ups ideals. That said it's a much bigger pie. Who knows ha!
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Post by easteregg on Oct 20, 2015 11:03:39 GMT
Some interesting stats - in September 62% of loans originated on Funding Circle were funded by institutional lenders. On Zopa the number was 50%, and on RateSetter the number was 3%.
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Post by easteregg on Oct 20, 2015 15:38:19 GMT
RateSetter state that over 50% of loans by quantity but 10% by value are made to GiffGaff customers
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Post by westonkevRS on Oct 21, 2015 6:09:53 GMT
They are acquiring Zencap - a pretty nice new site over in Germany. That depends on your view of the Samwar brothers and Rocket Internet, who certainly divide opinion. But one thing is for sure, they don't sell their assets cheaply, they are ruthless. It'll be interesting to find out how much they paid. Samir said at the conference that they've still got half of the $300m cash raised, implying they've burnt throught or spent $150m since the funding. Crazy times! Kevin.
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arbster
Member of DD Central
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Post by arbster on Oct 21, 2015 6:20:30 GMT
Samir said at the conference that they've still got half of the $300m cash raised, implying they've burnt throught or spent $150m since the funding. Crazy times! Hopefully that means they won't keep using it to fill up unattractive loans on the PM... You there too, Kev?
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Post by domUP on Oct 21, 2015 6:53:15 GMT
It'll be interesting to find out how much they paid. For sure! Would love to see that term sheet...
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Post by westonkevRS on Oct 21, 2015 7:20:52 GMT
Unfortunately not, I'm a worker bee getting the business done....
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Post by westonkevRS on Oct 21, 2015 7:24:46 GMT
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