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Peer2Peer Finance News | July 19, 2018

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Posts By Emily Perryman

P2P lender Raize’s share price rises by 20pc

July 19, 2018 |

SHARES in Europe’s first public peer-to-peer lender have soared by 20 per cent since trading began on Wednesday.

Portugal’s Raize started trading on the Euronext Access in Lisbon, having placed 15 per cent of its shares with 1,400 retail and institutional investors.

Read More

BNI Europa invests in US consumer loans via Upgrade deal

July 19, 2018 |

BANCO BNI Europa, the Portuguese challenger bank, has started investing in US consumer loans through a funding deal with Upgrade, a US consumer credit platform.

The partnership aims to expand access to affordable credit for consumers in the US.

As … Read More

Investors dumping cash ISAs for IFISAs

July 19, 2018 |

INVESTORS are trading in their cash ISAs in favour of the Innovative Finance ISA (IFISA), analysis suggests.

It comes after figures from Assetz Capital revealed that while 52 per cent of investors had put money into cash ISAs in the … Read More

Alternative lenders help push BBB-facilitated loans past £12bn

July 19, 2018 |

ALTERNATIVE lenders helped drive £678m of new funding commitments through British Business Bank (BBB) programmes in 2017/18, taking the total stock of finance provided to small businesses to £12.3bn.

This represents an increase of 33 per cent from the year … Read More

Lenders slam rise in SME funding aggregators

July 12, 2018 |

RAPID growth in the number of small- and medium-sized enterprise (SME) funding aggregator platforms has been met with scepticism by peer-to-peer lenders, who argue they are a tiny source of business and add an unnecessary extra layer of fees.

The … Read More

Advisers eschewing P2P due to insurance ‘grey area’

July 10, 2018 |

FINANCIAL advisers are avoiding giving advice on peer-to-peer lending because they are worried it will not be covered by their professional indemnity insurance (PII).

Max Lehrain, chief operating officer at P2P property lender Relendex, said P2P investing is a “grey area” … Read More

Ranger Direct Lending bolsters board to accelerate closure

July 9, 2018 |

RANGER Direct Lending (RDL), the alternative finance-focused investment trust, has made several board hires and established two new committees to speed up the winding down of the company.

The fund revealed in June it would wind down over growing shareholder … Read More

Strong growth in specialist lending in May

July 9, 2018 |

SPECIALIST lending markets experienced strong growth in May, helped by low interest rates and a strong labour market, figures show.

Three of the four specialist lending markets covered by the Finance & Leasing Association (FLA) saw double-digit growth, including consumer … Read More

Equifax Open Banking alliance to smooth loan applications

July 9, 2018 |

CREDIT reporting agency Equifax is partnering with Open Banking platform consents.online to streamline the loan application process.

Equifax is working with consents.online’s data analytics platform, AccountScore, which specialises in transaction data analytics for consumer and business lending.

The partnership will … Read More

Croydon top UK hotspot for risky mortgage lending

July 9, 2018 |

CROYDON is the UK’s number one hotspot for high-risk mortgage lending, research shows.

In 2017, 463 risky mortgages were taken out by residents of the south London town, up 11 per cent from 419 the previous year.

This compares with … Read More