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Peer2Peer Finance News | February 18, 2018

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Posts By Kathryn Gaw

UK fintech investments soared to £3bn in 2017

February 13, 2018 |

MORE THAN $4.2bn (£3.02bn) was invested in UK-based fintech companies last year, up from $0.7bn in 2016.

According to the latest KPMG Pulse of Fintech report, the UK now accounts for more than half of the total European market ($7.2bn) … Read More

Assetz Capital repairs bug that caused missed payments

February 13, 2018 |

ASSETZ Capital has identified and corrected a software issue which had led to late or missed interest payments for some of its investors.

In a statement sent to customers of the site, the platform’s chief executive and co-founder Stuart Law … Read More

Spending slowdown indicates pre-Brexit caution

February 12, 2018 |

HOUSEHOLD spending fell by 1.2 per cent in January, while spending in shops was down by four per cent year on year, new figures have revealed.

This marks the first time that consumer spending has fallen since 2013.

According to … Read More

Comparison sites revamp P2P sections

January 2, 2018 |

TWO comparison websites are revamping how they display peer-to-peer investments, in response to a Moneywise investigation that criticised the inclusion of P2P in their savings product pages.

The personal finance magazine reported before Christmas that it had found issues with … Read More

P2P lenders are not to blame for debt crisis

November 8, 2017 |

THE UK’S ongoing consumer debt crisis is not the fault of alternative lenders, according to the ex-regulator at the head of the Peer-to-Peer Finance Association (P2PFA).

Speaking exclusively to Peer2Peer Finance News, P2PFA chair Christine Farnish (pictured) said that it … Read More

Invest & Fund passes £30m lending milestone

November 2, 2017 |

PROPERTY lender Invest & Fund has passed £30m in lending, following the completion of a £5.6m residential development facility.

“We passed £25m in total lending in late October,” Invest & Fund’s co-founder and chief executive David Turner (pictured) said.

“Our … Read More

LendInvest enters partnership with Citi to access buy-to-let market

November 2, 2017 |

ALTERNATIVE property lender LendInvest has announced a new long-term financing partnership with Citi, as it eyes the UK’s £40bn buy-to-let (BTL) market.

LendInvest has also revealed that it now manages more than £500m of lending capital on behalf of its … Read More

Funding Circle and RateSetter make LinkedIn’s ‘Top 25’ companies list

November 2, 2017 |

TWO peer-to-peer lenders have been ranked among the UK’s most in-demand startups, according to a new list from LinkedIn.

Funding Circle and RateSetter have been placed at number eight and number 21, respectively, in the ‘LinkedIn Top 25 Companies – … Read More

Kuflink signs sponsorship deal with Ebbsfleet United Football Club

October 18, 2017 |

KUFLINK is the latest peer-to-peer lender to embark on a sports sponsorship, having signed a five-year deal with Ebbsfleet United Football Club.

The Kent-based football club’s stadium will be known as ‘Kuflink Stadium’ as part of the agreement.

The P2P … Read More

Exclusive: Christine Farnish on the changing role of the P2PFA

October 13, 2017 |

Christine Farnish (pictured), the chair of the P2PFA, talks exclusively to Peer2Peer Finance News about upcoming rule changes, the FCA, and why RateSetter really left…

There are changes ahead for the Peer-to-Peer Finance Association (P2PFA). The self-regulated trade body has … Read More