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Peer2Peer Finance News | November 16, 2018

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Posts By Emily Perryman

Brexit to increase farmers’ demand for alternative funding

October 19, 2018 |

PEER-TO-PEER lenders could see more demand for funding from the farming industry after Brexit.

Folk2Folk, which specialises in providing finance to rural and farm businesses, said that reduced subsidies and a small pool of workers will put pressure on … Read More

Landbay reaps rewards of BTL tax changes

October 19, 2018 |

LANDBAY has seen its lending volumes triple in recent months thanks to the fall-out from the buy-to-let (BTL) tax changes and a major hiring spree.

John Goodall (pictured), chief executive of the peer-to-peer BTL mortgage lender, said lending volumes for … Read More

P2P lenders target a new generation of investors

October 17, 2018 |

PEER-TO-PEER lenders are expanding their investor demographic through new advertising campaigns and products that appeal to younger people.

P2P lending has previously been the preserve of the over-50s, predominantly male and living in the South East, but this is starting … Read More

Funding Circle IPO could trigger wave of sector consolidation

October 16, 2018 |

FUNDING Circle’s initial public offering (IPO) could spark a flurry of mergers and acquisitions in the peer-to-peer lending sector.

Industry onlookers have told Peer2Peer Finance News that the IPO gives much-needed clarity on the value of P2P platforms, thus enabling … Read More

RateSetter celebrates eighth birthday

October 5, 2018 |

RATESETTER is celebrating its eighth birthday this weekend, having originated more than £2.7bn in loans since it launched in 2010.

The peer-to-peer lending platform has garnered more than half a million customers in eight years and generated more than £110m … Read More

JustUs investors fund £188,000 bridging loan in 60 seconds

October 5, 2018 |

A £188,000 peer-to-peer bridging loan listed on the JustUs platform has been fully funded within 60 seconds of going live.

This marks a record for the P2P property lender, which was formerly eMoneyHub before being re-launched in September 2017.

Lee … Read More

Zopa narrows losses despite banking arm investment

October 5, 2018 |

ZOPA narrowed its losses from £6.6m to £4.2m last year despite a major investment into its new banking arm.

Revenues increased by 32 per cent to £50m, representing a slowdown in growth from 2016 when revenues soared by 61 per … Read More

Owners of P2P lender ShareCredit acquire sister platform

October 2, 2018 |

ZION Capital, the owner of peer-to-peer lender ShareCredit, has acquired a sister platform called Volpit.

ShareCredit launched in 2016 and specialises in buy-to-let mortgages, business and consumer lending.

According to Patrick O’Flaherty, adviser to Zion Capital and co-founder of Volpit, … Read More

Growth Street addresses liquidity demand after student feedback

October 2, 2018 |

GROWTH Street has made improvements to its liquidity demand management processes following feedback from postgraduate students from University College London (UCL).

The peer-to-peer finance marketplace has been collaborating with UCL for two years, giving students access to three years of … Read More

Funding Circle valuation ‘reflects brand and growth opportunity’

October 1, 2018 |

KPMG’S global co-head of fintech has defended Funding Circle’s stock market valuation, amid concerns the initial public offering (IPO) was priced too high.

The peer-to-peer business lender, which listed on the London Stock Exchange on Friday, was originally targeting a market … Read More