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Peer2Peer Finance News | April 22, 2018

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Posts By Emily Perryman

Lenders warned against selling products to vulnerable consumers

March 15, 2018 |

THE FINANCIAL Conduct Authority (FCA) has warned lenders that it will take action against firms who sell products to vulnerable consumers.

In a speech to the Credit Summit on Thursday, Jonathan Davidson, executive director of supervision – retail and authorisations … Read More

Ultimate guide to Innovative Finance ISAs: Part five

March 15, 2018 |

AS THE end of the tax year draws ever closer, it is an ideal time to choose from one of the numerous Innovative Finance ISAs (IFISAs) on the market.

Most IFISAs concentrate on consumer, business or property peer-to-peer lending – … Read More

Ablrate considers buying Collateral’s loan book

March 8, 2018 |

BUSINESS lender Ablrate is considering buying the loan book of Collateral, the peer-to-peer lending platform that recently went into administration.

Ablrate’s chief executive David Bradley-Ward said he has contacted Collateral’s administrators to find out how it can help.

“If there … Read More

Lendy repays five loans in February

March 8, 2018 |

LENDY, the peer-to-peer property platform, repaid five loans in full in February to investors.

The repaid loans had an average interest rate of eight per cent a year.

They included £2.3m secured against a luxury apartment in Cheyne Gardens, Chelsea; … Read More

BNI Europa eyeing up further P2P lending deals

February 28, 2018 |

BANCO BNI Europa is eyeing up further deals in the alternative finance space to diversify its portfolio and widen its product offering for clients.

The Portuguese online bank has announced several funding deals over the past year, including peer-to-peer lenders … Read More

UK helps drive global VC fintech investment to a record high

February 28, 2018 |

INVESTMENT in fintech ventures reached another all-time high in 2017, buoyed by a surge in funding for start-ups in the UK, US and India, research reveals.

The analysis by professional services company Accenture found global fintech financing rose 18 per cent … Read More

EasyMoney launches Innovative Finance ISA

February 24, 2018 |

EASYMONEY, part of Sir Stelios Haji-Ioannou’s ‘easy’ family of brands, has launched in the UK with an Innovative Finance ISA (IFISA) offering a target rate of 4.05 per cent a year.

Customers’ money will be diversified across multiple property-backed peer-to-peer … Read More

ShareIn set to triple crowdfunding platform clients this year

February 23, 2018 |

SHAREIN, a software provider for online investment businesses, expects to double or even triple its crowdfunding platform client base this year.

The Edinburgh-based company, which was formed in 2011, provides white-labelled technology platforms and compliance solutions for online investment firms … Read More

BNP Paribas launches fund to support fintech start-ups

February 23, 2018 |

BNP Paribas has launched an investment fund to support innovative fintech start-ups.

The fund will take direct minority stakes in start-ups that are “reinventing financial services and insurance”, the banking group said.

It will also make indirect investments through venture … Read More

Incomes will start rising next year for all but the JAMs

February 22, 2018 |

FAMILY incomes are expected to start slowly rising again next year, but those “just about managing” (JAMs) could face three years of stagnating living standards, research suggests.

The Resolution Foundation’s annual living standards outlook found that the post-EU referendum period … Read More