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Peer2Peer Finance News | November 18, 2017

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Posts By Anna Brunetti

GLI’s turnaround project FundingKnight snaps up FCA approval

July 14, 2017 |

GLI FINANCE-OWNED lending platform FundingKnight has clinched full authorisation from the Financial Conduct Authority (FCA).

The final stamp of approval comes just one year after the platform went into administration and was rescued by the Aim-listed investment firm.

The peer-to-peer … Read More

The House Crowd hits £50m via mix of P2P and crowdfunding

July 13, 2017 |

THE HOUSE CROWD has hit the £50m funding target it set out to achieve in October last year.

The Manchester-based property platform started targeting institutional money at the end of last year to achieve its first £50m of funds channelled … Read More

Female entrepreneurs outperform male peers in crowdfunding campaigns

July 12, 2017 |

FEMALE entrepreneurs financing their ventures through crowdfunding are outperforming their male counterparts at a global level, new research has claimed.

Women-led campaigns were 32 per cent more successful than men-led campaigns, a study by accountancy firm PwC and trade body … Read More

ThinCats teams up with Alderburn Finance to fund Scottish marine trainer

July 12, 2017 |

THINCATS has sealed a deal with commercial finance broker Alderburn Finance and Stream Marine Training (SMT) to help the latter step up its cost efficiency and growth plans.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises, … Read More

P2P wholesale ban boosts business for wider crowdfunding sector

July 12, 2017 |

THE FINANCIAL CONDUCT AUTHORITY (FCA)’s clampdown on peer-to-peer wholesale lending activities is pushing lenders towards other types of crowdfunding platforms to obtain finance.

P2P platforms have had to stop lending to other lenders after the City watchdog confirmed its position … Read More

Taxing times: P2P’s perspective on HMRC guidance

July 11, 2017 |

TAX IS a fragmented issue in the peer-to-peer space. It is investors’ own responsibility to declare earnings with HMRC – which could appear as a fairly common scenario within the financial sector.

However, the vast diversity of P2P business models, … Read More

UK financial sector prepares to scale up IT investment

July 11, 2017 |

UK FINANCIAL services firms are set to ramp up their technology spending at their fastest rate in two-and-a-half years, despite a decline in overall business optimism.

A quarterly report by the Confederation of British Industry (CBI) and accountancy firm PwC found … Read More

Landbay teams up with L&G to launch BTL insurance range

July 10, 2017 |

Landbay has clinched an agreement with financial service heavyweight Legal & General (L&G) that will allow it to launch its own insurance service for landlords, further expanding its business remit.

The peer-to-peer lender, which specialises in buy-to-let (BTL) mortgages, will … Read More

Folk2Folk unveils IFISA as it gears up new branches

July 10, 2017 |

FOLK2FOLK has unveiled its new Innovative Finance ISA, opening the tax-free wrapper to existing clients first.

The peer-to-peer business lending platform will extend the product to new clients starting from 1 August, offering annual returns of either 5.5 per cent … Read More

ArchOver clinches £3m funding deal with Prospect Business Centres

July 6, 2017 |

ARCHOVER has secured a £3m financing arrangement with Prospect Business Centres (PBC), a serviced office space provider for UK and international corporates.

The peer-to-peer business platform has already raised £692,000 from investors and is currently funding an additional £400,000 as … Read More