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Peer2Peer Finance News | September 20, 2018

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Posts By Kathryn Gaw

Ofgem rejection leaves Abundance debenture in limbo

August 13, 2018 |

ABUNDANCE investors have been left in limbo after Ofgem rejected an application for subsidies on a Monnow Valley CHP (MVCHP) debenture.

Earlier this year, the energy regulator blocked the Monnow Valley biomass facility from benefitting from the Renewable Heat Incentive … Read More

Assetz Capital brings roadshow to Newbury in latest regional push

August 10, 2018 |

PEER-to-PEER platform Assetz Capital is hosting a new roadshow event in Newbury, as it continues to expand its regional presence. The platform has previously held intermediary roadshow events in the North of England, Scotland and Northern Ireland.

Read more: Assetz passes … Read More

Lendahand Ethex debuts impact tracking tool

August 10, 2018 |

LENDAHAND Ethex is allowing investors to track the social and environmental impact of their investments for the first time, via a new portfolio impact tracking tool.

Investors in the Energise Africa project will be able to view detailed updates on … Read More

Assetz Capital boosts rates by 0.5 per cent

August 9, 2018 |

ASSETZ Capital is offering all investors an extra 0.5 per cent in interest on newly-lent funds until 2019, as part of a new Summer Rate Boost promotion.

The interest offer is available to both new and existing investors and will … Read More

RateSetter: FCA marketing restrictions are “disproportionate”

August 7, 2018 |

RATESETTER has hit back at proposed marketing restrictions for peer-to-peer lenders, stating that they are “disproportionate” and “clunky”.

In a new blog post, the P2P platform’s chief executive Rhydian Lewis (pictured) responded to the recently-released consultation paper from the Financial … Read More

Property investment firm Sourced enters P2P space

August 6, 2018 |

PROPERTY investment network Sourced has entered the peer-to-peer lending sector and plans to launch an Innovative Finance ISA (IFISA) by the start of 2019.

The Cheshire-based firm connects individuals with property investment opportunities and also operates a franchise model, for … Read More

Crowd2Fund reduces default rate using AI

August 3, 2018 |

ARTIFICIAL Intelligence (AI) has helped peer-to-peer platform Crowd2Fund improve its loan recovery rate, according to newly-released figures.

Crowd2Fund has seen its default rate drop from 1.42 per cent in June to just 1.04 per cent in July after implementing the … Read More

Zopa secures £44m in fundraising as IPO rumours continue

August 3, 2018 |

ZOPA has raised £44m in the first stage of a new fundraising round, in the latest sign that the peer-to-peer lender is preparing to go public.

Earlier this year, reports suggested that Zopa was in aiming to raise £50m ahead … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

Sancus hires ex-Handelsbanken executive for credit role

August 2, 2018 |

SANCUS Finance has appointed a former Handelsbanken executive to its credit team, as the company expands its business across the UK and Ireland.

Neil Harrington (pictured) has joined the alternative lending firm as senior credit manager, from his previous role … Read More