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Peer2Peer Finance News | September 20, 2018

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Posts By Emily Perryman

Orca hits crowdfunding target

September 19, 2018 |

ORCA has hit its fundraising target of £500,000 after opening up its Seedrs crowdfunding campaign to the public.

The peer-to-peer analysis and investment firm launched a private Seedrs fundraising last month for existing customers. It extended the campaign to the wider … Read More

Payments firm Modulr expands to Edinburgh after raising £10.5m

September 19, 2018 |

BUSINESS payments firm Modulr has opened an office in Edinburgh following its latest funding round.

The London-based company, which offers payment technology to a range of start-ups and alternative lenders, recently completed an investment led by digital venture builder Blenheim … Read More

Funding Circle targets valuation of up to £1.8bn

September 19, 2018 |

FUNDING Circle is seeking a market valuation of up to £1.8bn through its upcoming initial public offering (IPO) on the London Stock Exchange.

The peer-to-peer lending platform has set a price range of 420p to 530p for the listing, which … Read More

Lenders flock to Scotland as P2P sector takes off

September 17, 2018 |

SCOTLAND looks set to become a peer-to-peer lending hotspot despite fears about the potential impact of Brexit and another independence referendum.

This year has seen lenders such as Assetz Capital and The House Crowd expanding their presence in the country, … Read More

Barclays to fund £1bn of invoices via MarketInvoice in coming years

September 13, 2018 |

A SIGNIFICANT proportion of MarketInvoice’s business is likely to be funded by Barclays in the future, rather than by peer-to-peer investors.

Bilal Mahmood, spokesperson for the business finance platform, told Peer2Peer Finance News that its recently-unveiled strategic partnership with Barclays … Read More

New mortgage lending at a 10-year high as BTL slowdown continues

September 11, 2018 |

NEW mortgage lending reached its highest level since 2008 in the second quarter, statistics from the Bank of England reveal.

New commitments increased by 19.8 per cent from the first quarter to £72.2bn, while total gross advances increased by 6.4 … Read More

CrowdProperty unveils rebrand

September 11, 2018 |

CrowdProperty has undergone a rebrand and updated its website.

The peer-to-peer property lender has moved away from the previous property-focused visuals and introduced a new strapline: “Together we build a better future”.

Other changes include a new company logo and … Read More

Funding Circle confirms more details of IPO

September 10, 2018 |

FUNDING Circle has unveiled more details of its plan to raise £300m through a listing on the London Stock Exchange’s main market in October.

The peer-to-peer lending platform said retail investors will be able to apply for shares via intermediaries such as Hargreaves … Read More

P2PFA members confirm plans for loanbook data

September 7, 2018 |

SEVERAL platform members of the Peer-to-Peer Finance Association (P2PFA) have confirmed their intention to keep publishing full loanbook data, despite a relaxation of the rules by the industry trade body.

The P2PFA previously required its members to make their entire … Read More

Landbay continues expansion with Midlands hire

August 17, 2018 |

LANDBAY is continuing its expansion with the appointment of Rob Stanton as a regional account manager for the Midlands.

Stanton (pictured) joins the buy-to-let mortgage lender from specialist bank Paragon, where he spent 15 years as a senior underwriter and regional … Read More