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Peer2Peer Finance News | August 24, 2019

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P2PFA signs up Quantuma to associate membership

P2PFA signs up Quantuma to associate membership
Marc Shoffman

THE PEER-TO-PEER Finance Association (P2PFA) has announced that insolvency practitioner Quantuma has joined as an associate member.

Quantuma, a corporate recovery and business advisory firm, already works with peer-to-peer lending platforms to help manage borrower defaults and improve collection and recovery rates, as well as advising on risk and default processes.

“We welcome the opportunity to contribute our resources and expertise to the leading voice within the P2P funding sector,” said Frank Wessely, partner at Quantuma.

“The P2PFA’s recent analysis clearly illustrates the relevance of P2P funding solutions and, in the face of a more mature regulatory environment, we believe that Quantuma is well placed to contribute to the sector in a meaningful way.”

The trade body launched associate membership in July for firms offering support services in the sector.

“Quantuma’s work with several P2PFA platforms has proven beneficial, given the expertise and insight they bring and the apparent consistency of their business values with those of the P2PFA,” Robert Pettigrew, director of the P2PFA, said.

“We look forward to working with Quantuma in further broadening knowledge and understanding about peer-to-peer lending and embracing their expertise as the sector continues to develop and expand.”

The P2PFA’s associate members comprise: law firms Simmons and Simmons, TLT and Fox Williams, which all specialise in fintech and alternative finance; global information solutions company Equifax; Alterest, a data analytics firm for the alternative finance market; accountancy firm Grant Thornton; Altus Consulting and P2P due diligence platform Orca Money.

Read more: P2PFA reports more than £700m of new lending in third quarter

Read more: Exclusive: Christine Farnish on the changing role of the P2PFA