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Lists of alternative financial services

This is the Consumerium list of alternative financial services lists.

The Finnish language URLs http://velallisten.yhteinen.asia and http://vertaislainaajien.yhteinen.asia redirect here.

Spectrum of consumer finance by the lowest troll

  • Proletariat finance ->
  • Credit card debt ->
  • Bank loan

What is alternative finance? What are alternative financial services?

Alternative Finance refers to financial channels and instruments that have emerged outside of the traditional finance system such as regulated banks and capital markets. Examples of alternative financing activities through 'online marketplaces' are reward-based crowdfunding, equity crowdfunding, peer-to-peer consumer and business lending, invoice trading third party payment platforms.”

Alternative financial services (AFS) are financial services provided outside traditional banking institutions, on which many low-income individuals depend. In developing countries, these services often take the form of microfinance. In developed countries, the services may be similar to those provided by banks and include payday loans, rent-to-own agreements, pawnshops, refund anticipation loans, some subprime mortgage loans and car title loans, and non-bank check cashing, money orders, and money transfers. It also includes traditional moneylending by door-to-door collection.”

Often the spectrum ranges from brute loan sharking in operations known as w:payday loans all the way to almost respectable interest taking of non-collateralized loans.



Peer-to-peer lending, peer-to-peer investing and socially responsible investing

Peer-to-peer lending, abbreviated P2PL, is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. P2PL is not to be confused with peer to peer investing (P2PI). This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools. Many also use the abbreviation "P2P" when discussing the peer-to-peer lending or investing industries more generally. Peer-to-peer lending is also known as crowdlending.”

Peer-to-peer investing (P2PI) is the practice of investing money in notes to borrowers who are requesting a loan without going through a traditional financial intermediary and who are unknown to the investor.”

Socially responsible investing (SRI), also known as sustainable, socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social good.”

Equity crowdfunding is the online offering of private company securities to a group of people to investment.”

“An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise.”

~ Wikipedia on ethical bank

Microfinance and microcredit

Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services.”

~ Wikipedia on microfinance

Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history.”

~ Wikipedia on microcredit
More reading Impact of microcredit

What is APR, why does it matter?

“APR stands for the annual percentage rate.”

~ everyone on annual percentage rate

“[...] In many countries and jurisdictions, lenders (such as banks) are required to disclose the "cost" of borrowing in some standardized way as a form of consumer protection. APR is intended to make it easier to compare lenders and loan options.”

~ Wikipedia on annual percentage rate

“In EU all loaning operations must show the APR for their example loans that they use to market their services.”

~ European Parliament on law regarding advertisement of loans
  • APR can range from hundreds of percent to few tens of percent. Credit card debt is usually in the 10-15% zone.

Contents

Consumerium list of alternative financial services listsEdit

Socially Responsible InvestingEdit

  • https://www.lendahand.com/ is an online impact investing platform where socially conscious investors can invest in entrepreneurs and sustainable
  • Kiva (.org) is an international nonprofit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. It provides P2P microcredits in 82 countries - Their slogan is "To connect people through lending to alleviate poverty"
  • https://www.openinvest.co/ is a w:Public-benefit corporation offering a platform for making socially responsible investments in USD.
  • https://www.swellinvesting.com/ offers w:impact investing services in USD.
  • United Prosperity (.org) is a non-profit organization offering P2P microcredit services and operates with PayPal payments. It does not lend directly to the receiver of the loan, but instead a bank. The microcredit offered by the investors is used as collateral for the bank resulting in the bank effectively loaning almost double the amount of money invested by the investor.
  • Zidisha (.org) is a non-profit P2P microcredit platform for investing in Africa and Asia. It is the first international P2P microcredit platform ever created.

Cryptocurrency based P2P lending servicesEdit


Multiple countries / currenciesEdit

  • https://www.twino.eu/ is P2P lending service operating in the EU, Latvia, Poland, Russia, Georgia, Denmark, Spain and Kazakhstan. The site is available in English, German and Latvian.

AfricaEdit

NigeriaEdit


AsiaEdit

AustraliaEdit

List of P2P financial services in AustraliaEdit

ChinaEdit

List of P2P financial services in ChinaEdit

Hong KongEdit

List of P2P financial services in Hong KongEdit

IndiaEdit

List of P2P financial services in IndiaEdit

KoreaEdit

  • 8Percent (.kr)is a korean P2P financing service for businesses
  • Funda (.kr) is a P2P financing service for SMEs
  • Honest Fund (.kr) is a P2P financing service by BMO
  • Lendit (.co.kr) is a korean P2P financing service for consumers
  • Roof Funding (.com) is a Korean P2P financing service for real estate

Marshall islandsEdit

List of P2P financial services in Marshall IslandsEdit


New ZealandEdit

List of P2P financial services in New ZealandEdit

SingaporeEdit

List of P2P financial services in SingaporeEdit

EuropeEdit

List of P2P financial services in EuropeEdit

AustriaEdit

List of P2P financial services in AustriaEdit

BelgiumEdit

List of P2P financial services in BelgiumEdit

BulgariaEdit

CyprusEdit

Czech republicEdit

List of P2P financial services in Czech republicEdit

EstoniaEdit

List of P2P financial services in EstoniaEdit

FinlandEdit

List of Finnish alternative financial services listsEdit

View Consumerium list of price comparison services in Finland for more finance related comparison shopping websites].

List of P2P financial services in FinlandEdit

List of alternative investment schemes in FinlandEdit

FranceEdit

List of P2P financial services in FranceEdit

GermanyEdit

List of P2P financial services in GermanyEdit

List of P2P rental services in GermanyEdit

IrelandEdit

List of P2P financial services in IrelandEdit

ItalyEdit

List of P2P financial services in ItalyEdit

LatviaEdit

List of P2P financial services in LatviaEdit

List of investment services in LatviaEdit

LithuaniaEdit

List of P2P financial services in LithuaniaEdit

NetherlandsEdit

List of P2P financial services in NetherlandsEdit

PolandEdit

List of P2P financial services in PolandEdit

PortugalEdit

List of P2P financial services in PortugalEdit

  • https://www.raize.pt/ is a Portuguese P2P loan service for SMEs. Raize was the first P2P financial service in Europe to go public with it's IPO in 2018


SlovakiaEdit

List of P2P financial services in SlovakiaEdit

SpainEdit

List of P2P financial services in SpainEdit

SwedenEdit

Lists of P2P financial services in SwedenEdit

SwitzerlandEdit

UKEdit

List of P2P financial services in UKEdit

Lists of P2P financial services in UKEdit

Middle EastEdit

IsraelEdit

List of P2P financial services in IsraelEdit

United Arab EmiratesEdit

List of P2P financial services in UAEEdit

South AmericaEdit

BrasiliaEdit

List of P2P financial services in BrasiliaEdit

North AmericaEdit

CanadaEdit

Lists of P2P financial services in CanadaEdit

USAEdit

Lists of P2P financial services in USAEdit


Links to useful information on P2P lendingEdit