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Peer2Peer Finance News | June 25, 2019

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Relendex unveils new head of lending operations

June 24, 2019 |

RELENDEX has continued its hiring spree with the appointment of Claire Newman as its head of lending operations.

Newman (pictured) joins the peer-to-peer property lender from Masthaven Bank where she was head of underwriting in the short-term lending department.

“At … Read More

Funding Circle launches institutional fund backed by Merseyside Pension Fund

June 24, 2019 |

FUNDING Circle has launched a new fund that will enable institutional investors such as pension funds to lend to small- and medium-sized enterprises (SMEs).

As part of the launch, Merseyside Pension Fund will invest £30m in the new vehicle, which … Read More

Robo.cash hits 1m loans milestone

June 21, 2019 |

EUROPEAN short-term peer-to-peer lender Robo.cash has now financed one million loans.

The Latvia-based P2P lending platform said on Friday that its cumulative loanbook has a total value of €89m (£79m).

It has funded 284,400 loans in the first five months … Read More

Losses grow at Crowdstacker but its assets are on the rise

June 21, 2019 |

CROWDSTACKER’S cumulative losses since inception rose to £1.3m for the 12 months to March 2019, but it has been boosted by more share capital and cash at the bank.

The peer-to-peer business lender’s annual accounts showed it made a loss … Read More