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Peer2Peer Finance News | June 20, 2018

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Posts By Marc Shoffman

The automation evolution

June 18, 2018 |

PEER-TO-PEER lending emerged as an alternative to mainstream banks, simultaneously widening access to credit and boosting retail investors’ returns.

Some would argue that P2P has made finance more accessible and shifted it from the ‘computer says no’ mentality of the … Read More

Rebuildingsociety boss takes helm at InvestUp

June 18, 2018 |

PEER-TO-PEER investment aggregrator InvestUp has installed Rebuildingsociety boss Daniel Rajkumar as temporary chief executive while it searches for a replacement for Chris Bradbury who left at the end of 2017.

InvestUp was purchased by the White Label Company – owned … Read More

Ranger Direct Lending chairman announces resignation

June 18, 2018 |

RANGER Direct Lending (RDL) chairman Christopher Waldron and two board members have said they will resign, amid plans to close the beleaguered investment trust.

A stock market update from RDL said Waldron, along with fellow board members Matthew Mulfrod and … Read More

Alternative finance funds see mixed success

June 15, 2018 |

THE SHIFT away from peer-to-peer investments by some alternative lending-focused investment trusts is having mixed results.

Over the past year, P2P Global Investments (P2PGI), VPC Specialty Lending Investments and Ranger Direct Lending (RDL) have moved away from pure P2P to … Read More

BondMason urges Collateral investors to back administrators

June 14, 2018 |

DIRECT lending specialist BondMason has urged Collateral lenders to support BDO in the administration of the collapsed peer-to-peer lender but insists it is ready to step in on the loanbook if needed.

BondMason had offered to manage the loanbook of … Read More

Funding Circle SME Income Fund readies prospectus for new share issues

June 13, 2018 |

FUNDING Circle’s listed investment trust is planning another 12-month programme of share issues.

The Funding Circle SME Income Fund (FCIF) has provided a stock market update, revealing a new prospectus will be published to allow for an equity issue in … Read More

Collateral investors may have to join queue of creditors

June 12, 2018 |

COLLATERAL investors may end up having to recoup any unpaid interest owed as a creditor of the company, the administrator of the closed peer-to-peer lending platform has revealed.

An update from BDO said its initial view was that due to … Read More

Oaktree calls for own board nominees to manage Ranger Direct closure

June 12, 2018 |

OAKTREE Capital Management has called for Ranger Direct Lending (RDL) to stop its “costly, distracting and misguiding” opposition to the appointment of its board nominees.

RDL announced this week that the alternative finance-focused investment trust would be wound up after … Read More

MarketInvoice hires first female chief technology officer

June 11, 2018 |

MARKETINVOICE has named what is believed to be one of the fintech sector’s first female chief technology officers.

Rija Javed has joined the peer-to-peer business loans and invoice finance platform from Silicon Valley startup Wealthfront, with her appointment secured by … Read More

Expectations of interest rate rises decline

June 8, 2018 |

EXPECTATIONS of an interest rate hike have declined among the public, research suggests.

The Bank of England’s inflation attitudes survey for May found 51 per cent of respondents anticipate a rate rise over the next 12 months, down from 58 … Read More