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Peer2Peer Finance News | December 17, 2018

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Posts By Marc Shoffman

ETHLend in talks to provide crypto software to UK P2P lenders

December 14, 2018 |

ETHLEND is in talks with peer-to-peer lending platforms in the UK about providing technology that will enable them to offer crypto-backed finance.

The crypto P2P lender – which lets borrowers request loan amounts and post other digital currencies as collateral … Read More

Zopa co-founder Giles Andrews to chair board of European direct lender

December 14, 2018 |

ZOPA co-founder Giles Andrews (pictured) has been named chair of European direct lending firm Dynamic Credit’s supervisory board.

The board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of asset … Read More

RateSetter dips toe into Open Banking

December 13, 2018 |

RATESETTER is trialling several partners to help it tap into the opportunities presented by Open Banking.

Michael Hoare (pictured), head of credit at the ‘big three’ peer-to-peer lender, said that the platform is working with “a couple of different” parties, … Read More

Motor acquisitions drive RateSetter further into the red

December 11, 2018 |

RATESETTER has said it is making progress towards becoming “cash flow positive” after revealing a £26.7m loss in its latest annual results.

The peer-to-peer lender posted a 47 per cent rise in revenues to £34.3m for the year ended 31 March … Read More

British Business Bank appoints director for the North and Midlands

December 11, 2018 |

THE BRITISH Business Bank has named Geoff Whiteland (pictured) as a UK network director for the North of England and the Midlands.

The state-backed development bank said on Tuesday that it is establishing a UK network, with team members based around … Read More

Funding Circle prepares overseas target shortlist

December 10, 2018 |

FUNDING Circle has a shortlist of five countries it is interested in expanding into, its chief strategy officer has revealed.

The peer-to-peer business lending giant already operates in the UK, the US, the Netherlands and Germany. But Lisa Jacobs (pictured), … Read More

Funding Circle unveils £1bn funding line

December 7, 2018 |

FUNDING Circle has secured a new £1bn funding facility from investment firm Waterfall Asset Management.

The peer-to-peer business lender said on Friday that Waterfall will invest in £1bn of loans originated via its platform over a two-year period.

Waterfall’s investment … Read More

Lendy apologises for pace of loan repayments

December 6, 2018 |

LENDY has written to investors to apologise for repayment delays and has pledged to improve its governance, financial controls, liquidity, collections and compliance.

Investors on the peer-to-peer property lending platform have been concerned about high levels of arrears in recent … Read More

Funding Circle to enter FTSE 250 less than three months after IPO

December 6, 2018 |

FUNDING Circle is set to enter the FTSE 250 index less than three months after listing on the London Stock Exchange.

The peer-to-peer business lender has been promoted as part of the latest quarterly reshuffle that will see well-known brands … Read More

Forget me not? Why Zopa’s P2P roots will still be important for its bank

December 6, 2018 |

ZOPA’S long-awaited banking licence has finally come through, but what does this mean for the wider peer-to-peer lending sector?

The world’s oldest P2P lender has, in some ways, gone full circle with its plans to launch a bank.

It was … Read More