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Peer2Peer Finance News | November 14, 2018

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Posts By Hannah Smith

Funding Circle to host cryptocurrency event to promote women in fintech

August 31, 2018 |

FUNDING Circle is to host a panel event focusing on cryptocurrency, described by the organisers as “one of the most interesting but least understood areas of fintech.”

The event is being held in connection with FinTechWomen, a London-based meet-up group, … Read More

Government P2P ‘matchmaking’ scheme helps SMEs secure £15m of funding

August 31, 2018 |

A GOVERNMENT scheme to refer small businesses rejected for bank funding to alternative finance such as peer-to-peer lenders has helped 900 firms secure £15m of funding since launch, new figures reveal.

In just the past 12 months, the Bank Referral … Read More

‘Generation Snowflake’ really does care about retirement  

August 31, 2018 |

THEY are often labelled ‘Generation Snowflake’, caring more about frivolous spending than saving for the future, but new research from Prudential has found Millennials are in fact focused on retirement.

A study conducted by the insurer found that 69 per … Read More

Orca plots crowdfunding campaign to expand P2P platform

August 30, 2018 |

PEER-TO-PEER research provider Orca is planning a crowdfunding campaign to expand its investment service.

The group’s chief executive and co-founder Iain Niblock said its aim is to build a fully functioning aggregation platform for the P2P lending market.

It will … Read More

UK consumer borrowing slumps in July

August 30, 2018 |

CONSUMER credit growth slowed in July, while business borrowing remained subdued, new Bank of England data shows.

The trends were revealed in the latest monthly Money and Credit statistics issued by the Bank, covering the month of July.

The data … Read More

No P2P applications to FCA rejected but most are withdrawn, data reveals

August 30, 2018 |

NOT A single application by a peer-to-peer lender for FCA authorisation was rejected outright since the regulator took over responsibility for the sector in 2014, but more than 80 per cent of applications were withdrawn.

The data was revealed in … Read More

Personal loan price war continues despite rate rise

August 29, 2018 |

CONSUMERS may be poised for the cost of borrowing to rise since the Bank of England raised interest rates earlier this month, but so far personal loan rates remain “in freefall”, according to new research.

Analysis from personal finance website … Read More

Nearly 80 per cent of workers survive on credit between pay days

August 29, 2018 |

THE VAST majority of workers are using credit to tide them over between pay days, according to new research from payment app maker Hastee Pay.

It found that 78 per cent of workers are relying on payday loans, credit cards … Read More

Rise of the ‘balloon businesses’: SMEs adapt to cope with changing demand

August 29, 2018 |

ALMOST three quarters of small- and medium-sized enterprises (SMEs) in the UK are adopting increasingly flexible business models to deal with fluctuating customer demand, new research has found.

The report from Direct Line Business surveyed 505 SME decision makers, revealing … Read More

How P2P plugged the funding gap for small businesses

August 17, 2018 |

BEFORE the global financial crisis, banks were the lender of choice for Britain’s small businesses, and perhaps the only option they would consider.

Since then, banks have become more risk averse and are pulling back from lending in some parts … Read More