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Peer2Peer Finance News | October 20, 2018

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Posts By Marc Shoffman

P2P returns are “hard to argue with” amid market uncertainty

October 19, 2018 |

UNCERTAINTY across global financial markets is boosting the case for peer-to-peer investment, according to Lending Works.

The peer-to-peer consumer lender said that while markets panic over a disorderly Brexit, soaring global debt, rising American interest rates and the Italian banking … Read More

Funding Circle originations hit record high

October 19, 2018 |

FUNDING Circle saw new originations grow by 45 per cent in the third quarter of this year globally, as it revealed its UK broker channel has facilitated more than £1bn of lending.

The newly-listed peer-to-peer business lender, which has operations … Read More

CrowdProperty hits £10m repayment milestone

October 18, 2018 |

CROWDPROPERTY investors have now earned more than £10m from lending through the peer-to-peer property platform.

The development finance provider said on Thursday that lenders have earned £867,091 of interest and £9.2m in capital repayments since it launched in 2014.

“We … Read More

Ablrate to launch blockchain-powered secondary market

October 18, 2018 |

ASSET-BACKED lender Ablrate is developing a blockchain-powered secondary market that will eventually be accessed by multiple peer-to-peer platforms and investors across the world.

David Bradley-Ward, chief executive of Ablrate, has launched a blockchain software provider called ASMX, which is working … Read More

SME investment hampered by business angel myths

October 17, 2018 |

STARTUPS and small firms are missing out on potential investment due to misconceptions over who can become a business angel, research claims.

Analysis by the UK Business Angels Association (UKBAA) found that 75 per cent of business angels were aged 45 … Read More

Assetz Capital warns Brexit optimism is slipping away

October 17, 2018 |

INVESTORS are losing confidence in the government’s ability to secure a decent Brexit deal, according to data from Assetz Capital.

The peer-to-peer business lender’s third quarter investor barometer – based on a survey of its 29,000-strong investor community – found … Read More

Equi confirms Apple’s Steve Wozniak as co-founder

October 15, 2018 |

APPLE co-founder Steve Wozniak has joined up with Baroness Michelle Mone to help her crypto-backed peer-to-peer platform identify technology companies to invest in.

Wozniak (pictured right with Mone) was rumoured to be a co-founder behind a relaunched version of Equi, … Read More

FCA sounds redress warning over high cost credit

October 15, 2018 |

BOSSES at payday lenders have been warned to assess their lending activity amid concerns from the City watchdog about rising complaints.

The Financial Conduct Authority has written a “Dear CEO” letter to platforms providing high-cost short-term credit – which includes some … Read More

ArchOver embarks on UK expansion with new Birmingham office

October 15, 2018 |

ARCHOVER has opened a Birmingham office to support clients across the Midlands.

The peer-to-peer business lender said on Monday that it has appointed experienced corporate finance and investment banker David Newton to run the new office, which is part of … Read More

ThinCats launches ‘generator’ product to speed up lending

October 15, 2018 |

THINCATS has launched a new loan product that brings the human touch back into its lending decisions.

The peer-to-peer business platform said on Monday that traditional lenders typically use algorithms to make lending decisions, but its new generator product will … Read More