Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | August 24, 2019

Scroll to top


Posts By Kathryn Gaw

Tisa creates guide to appropriateness tests for P2P platforms

August 1, 2019 |

INVESTMENT and savings trade body Tisa has published a guide to appropriateness tests for peer-to-peer lending platforms to help them comply with new investor marketing rules.

The guide advises P2P firms on how to identify appropriate investors and how to warn clients … Read More

Are P2P investment trusts starting to thrive?

August 1, 2019 |

PEER-TO-PEER investment trusts have taken some time to get going.

Despite starting strong, the likes of P2P Global Investments (P2PGI), VPC Specialty Lending, Honeycomb Investment Trust and Ranger Direct Lending (now called RDL Realisation) have stuttered in recent years.

RDL … Read More

What will the new cabinet do for P2P?

August 1, 2019 |

ALONG with a new prime minister, we have a new set of cabinet ministers, all of whom will be keen to make their mark on the country and its vast financial services sector.

But how will their new roles affect … Read More

FCA explains reasoning behind Lendy authorisation

July 31, 2019 |

THE FINANCIAL Conduct Authority (FCA) has revealed more details behind its decision to authorise defunct peer-to-peer platform Lendy just 10 months before its collapse.

Responding to parliamentary questions from former City minster Lord Myners, the FCA’s chief executive Andrew Bailey … Read More

UK fintech soars despite global investment slowdown

July 31, 2019 |

MORE THAN $3bn (£2.47bn) was invested into UK-based fintechs in the first half of 2019, despite a huge drop in global fintech funding.

According to KPMG’s latest Pulse of Fintech report, just $37.6bn was invested in global fintech firms in … Read More

Former RateSetter executive to launch new P2P platform

July 30, 2019 |

RATESETTER’S former chief technology officer John Gillespie is preparing to launch a “next generation” peer-to-peer consumer lending platform.

After raising money from family and friends, SquareDeal.Finance has opened pre-registration for a funding round on equity crowdfunding platform Seedrs.

Gillespie has … Read More

VPC Specialty Lending re-enters FTSE All-Share

July 30, 2019 |

ALTERNATIVE lending investment trust VPC Specialty Lending has been re-admitted into the FTSE All-Share Index, after being relegated in June over liquidity issues.

It was initially reported that the trust had failed the Index’s liquidity test last month, however a … Read More

Lendy creditors to vote on administrator’s £1m fee proposal

July 29, 2019 |

LENDY’S creditors will vote on whether to approve administrators’ fees of up to £1.025m at a meeting on Wednesday.

Administrator RSM has proposed a fee cap of £1.025m plus VAT for the first 12 months of the investigation. This figure was … Read More

Business borrowing soars in June

July 29, 2019 |

UK BUSINESSES raised £3.3bn in finance in June, primarily from high street banks, but lenders have warned of an imminent credit crunch due to Brexit uncertainty.

New Bank of England data showed that UK businesses borrowed £2.5bn from banks and … Read More

ArchOver chief calls for more investor education on risks

July 29, 2019 |

ARCHOVER chief executive Angus Dent has urged peer-to-peer lending platforms to do more to educate investors about risks in the wake of the Lendy and Neil Woodford scandals.

The boss and founder of the P2P business lender said that some … Read More