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Peer2Peer Finance News | November 16, 2018

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Posts By Kathryn Gaw

Turkey and UK announce Islamic fintech partnership

November 16, 2018 |

FINTECH leaders from the UK and Turkey have met in Istanbul to discuss a joint partnership which will capitalise on the rapid development of Islamic fintech.

In a forum hosted by the British Consulate-General in Istanbul, TheCityUK and Borsa Istanbul … Read More

Loan comparison site FairMoney launches £1m fundraising campaign

November 16, 2018 |

LOAN comparison website FairMoney has launched a pre-series A funding round to raise £1m, as it looks to educate borrowers and stamp out sub-standard consumer loans.

FairMoney said the money raised will be used for “enhanced targeted customer marketing efforts, including machine … Read More

Property market and SMEs at risk amid new Brexit chaos

November 15, 2018 |

HOUSEBUILDERS and small businesses are set to suffer the effects of the ongoing Brexit negotiation crisis, after a series of cabinet resignations sparked calls for another election.

Financial experts have warned that there are “big risks lying ahead” for the … Read More

Most Zopa Plus investors earn “at or above” target rate

November 15, 2018 |

ZOPA has said that most customers who invest using its Plus account are earning returns “at or above” the platform’s target rate and that it is working on a new way to give investors greater diversification.

The peer-to-peer consumer lender … Read More

Innovate Finance opens nominations for Women in Fintech Powerlist

November 14, 2018 |

INNOVATE Finance has officially opened submissions for its annual Women in Fintech Powerlist.

The 2018 Powerlist will feature 150 women across seven categories, and it will feature a “standout 35” group of women who have made an extraordinary impact in … Read More

Numis analysts query value of RDL assets

November 14, 2018 |

ANALYSTS are predicting the early termination of Ranger Direct Lending’s (RDL) management will reduce costs but have raised questions over the timetable for closure and value that can be gained from the fund’s remaining assets.

In a note to clients, … Read More

A guide to European P2P platforms for UK investors

November 13, 2018 |

THE UK may boast one of the largest peer-to-peer lending markets in the world, but European P2P lenders are starting to catch up.

Over the past year, the European P2P market has reached a number of significant milestones. In June, … Read More

ThinCats announces Employee Ownership Association membership

November 8, 2018 |

THINCATS has become a supporting member of the Employee Ownership Association (EOA) and has described employee-owned businesses as “an exciting growth area”.

The peer-to-peer business lender has released a white paper to mark its supporting membership of the EOA, in … Read More

FCA director calls for culture change among consumer lenders

November 2, 2018 |

CONSUMER lenders must create a healthy culture for both employees and borrowers, a director at the City watchdog has said.

Speaking at Consumer Credit Trade Association Conference in Nottingham, Jonathan Davidson (pictured), director of supervision – retail and authorisations at … Read More

FundingSecure owners sell off majority stake to fund growth plans

November 2, 2018 |

FUNDINGSECURE’S owners have sold a majority stake in the business to new director Raj Kumar to raise money for their growth plans.

Experienced businessman Kumar has joined the peer-to-peer pawnbroker’s board last month and acquired a 75 per cent holding … Read More