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Peer2Peer Finance News | July 27, 2017

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Posts By Kathryn Gaw

UK GDP: SMEs need certainty amid sluggish growth, warns CBI

July 26, 2017 |

SMALL and medium-sized enterprises (SMEs) need more certainty and stability to counteract the effects of sluggish economic growth, the Confederation of British Industry (CBI) has warned.

Rain Newton-Smith, the chief economist at the CBI, warned that the business association expects … Read More

UK fintech investment up 37 per cent in first half of 2017

July 26, 2017 |

VENTURE capital investments in the UK’s fintech sector were up by 37 per cent in the first half of 2017, fuelled in part by multi-million-pound deals with Funding Circle, Zopa and Atom Bank.

According to new research from trade body … Read More

Global index for crowdfunding and marketplace finance launches

July 25, 2017 |

A NEW index tracking global crowdfunding and marketplace finance trends has launched, with the aim of becoming the main barometer for alternative finance.

The Crowdfunding and Marketplace Finance Index (CAMFI) was created in a partnership between Cambridge-based intelligence firm TAB, … Read More

Abundance launches fundraising for UK’s first geothermal plant

July 25, 2017 |

ABUNDANCE has launched a new campaign to fund the construction of the UK’s first commercial geothermal electricity power station, with returns of 12 per cent for investors.

The United Downs Geothermal Bond has an 18-month maturity, and the interest will … Read More

How does P2P stack up against other investments?

July 25, 2017 |

PEER-TO-PEER platforms have had a stellar year, with the P2PFA members’ cumulative lending now exceeding £8bn. The rise of the Innovative Finance ISA has brought P2P investing into the mainstream, and many platforms have seen a surge in demand as … Read More

Lending Works offers bonus of up to £200 to new and existing investors

July 24, 2017 |

LENDING Works is offering cash bonuses of up to £200 to new and existing investors for a limited time period.

The peer-to-peer consumer lender said that from Monday 24 July, investors will receive a £50 bonus for every £5,000 they … Read More

Inflation drops but savers warned the squeeze will continue

July 18, 2017 |

THE COST of living fell for the first time since September 2016 as inflation hit 2.6 per cent in June, but it is still above the Bank of England’s two per cent target and close to a four-year high.

The … Read More

Assetz Capital to expand broker network “significantly”

July 7, 2017 |

ASSETZ Capital has announced plans to increase its national broker network “significantly” over the next two years, as part of a new expansion strategy.

It comes after the firm announced a record quarter of more than £60m in facilities, as … Read More

Flender completes first wave of funded SME loans

July 6, 2017 |

IRISH peer-to-peer platform Flender has announced its first batch of successfully funded SME loans.

The lender, which launched earlier this year, has helped raise finance for five SMEs, with an average loan value of £25,000 and an average interest rates … Read More

Orca celebrates P2P achievements by drafting industry ‘ecosystem’

July 5, 2017 |

ORCA has created an ‘ecosystem’ (pictured) for the UK’s peer-to-peer sector, to celebrate the fact that more than £10bn has now been invested across 23 of the country’s P2P platforms.

The graphic, titled ‘UK Alternative Lending Ecosystem’, highlights the major … Read More