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Peer2Peer Finance News | January 18, 2019

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Posts By Kathryn Gaw

Two thirds of accountants refer clients to non-bank lenders

January 14, 2019 |

TWO THIRDS (66 per cent) of accountants are referring their clients to external lenders, as alternative finance options such as peer-to-peer lending become more mainstream.

According to a new survey commissioned by business finance lender MarketInvoice, banks are still the … Read More

Proplend hires Morgan Stanley veteran as chief operating officer

January 10, 2019 |

PROPERTY finance platform Proplend has appointed a former Morgan Stanley executive as its first chief operating officer.

Matt Carson joined Proplend after spending two decades working in the commercial real estate lending operations at the investment bank.

The platform has … Read More

Open Banking set for 2019 surge

January 10, 2019 |

OPEN Banking will see a surge in popularity in the year ahead, according to expert predictions.

Ahead of the one-year anniversary of Open Banking on 13 January, consumer credit agency Equifax has predicted that 2019 will be “a successful year” … Read More

LendInvest hails record-breaking December with £83m in loans

January 10, 2019 |

PROPERTY lender LendInvest has revealed that it funded a record £83m in loan originations last month.

This brings the platform’s total loan value to date to £1.7bn.

“In what was a short month in terms of business days, we have … Read More

Kuflink expands bridging team with new hire

January 9, 2019 |

ASSET-BACKED peer-to-peer platform Kuflink has expanded its short-term finance division, Kuflink Bridging, with a new hire.

Hiran Patel has been appointed as an underwriter on the bridging team, where he will support lending growth across the platform.

Patel has more … Read More

Half of Brits started 2019 with Christmas debt

January 8, 2019 |

HALF of all Brits began 2019 with Christmas debt, with most estimating that they won’t pay it off until mid-May.

According to research from financial wellness organisation Wagestream, the long gap between December and January paydays means that many Brits … Read More

Assetz boosts Yorkshire presence with new hire

January 7, 2019 |

PEER-TO-PEER lender Assetz Capital has hired David Reed (pictured) as its new regional relationship director in the Yorkshire and Humber region.

Reed will work with business owners and property developers across the region, offering finance facilities such as secured development … Read More

Seedrs reports record year after flurry of P2P fundraises

January 7, 2019 |

CROWDFUNDING platform Seedrs raised a record-breaking £195m in 2018, during a year which saw the equity investment site become more and more popular with peer-to-peer lenders.

Seedrs reported that it saw 186 successful pitches in 2018, including 28 fundraises in … Read More

RateSetter enhances Rolling Market after FTSE-beating year

January 4, 2019 |

RATESETTER plans to add one-year loans to its Rolling Market, after revealing that its average rate beat the FTSE 100 across 2018.

The peer-to-peer platform currently offers three options to investors: one-year, Rolling Market, and five-year loans. However, the one-year … Read More

Brits cite £8,854 as “unmanageable” level of debt

January 4, 2019 |

THE average amount of debt that people consider to be unmanageable is £8,854, a new survey has revealed.

According to a poll by credit firm TDX Group, more than one fifth (21 per cent) of Brits believe any amount of … Read More