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Peer2Peer Finance News | March 20, 2018

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Posts By Marc Shoffman

Welendus goes live with interest-free loan offer

March 20, 2018 |

PEER-TO-PEER payday lender Welendus has launched its first product, offering borrowers an interest-free loan if the debt is repaid in one day.

Individuals can borrow up to £500 using the new facility, which is aimed at those faced with unexpected … Read More

Inflation finally falls but still beats savings returns

March 20, 2018 |

INFLATION hit a seven-month low last month but there is little sign of respite for interest-starved savers as ISA season approaches, figures show.

Official for National Statistics (ONS) data shows consumer price inflation (CPI) grew by 2.7 per cent in … Read More

Bud named among winners of first stage of £2m rental payment challenge

March 19, 2018 |

PERSONAL finance app Bud has been named among the winners of the first stage of the government’s Rent Recognition challenge.

The £2m prize is seeking solutions to incorporate rental payments into a tenant’s credit score.

Bud, which lets users manage … Read More

Lack of investment infrastructure stifling SME support beyond London

March 19, 2018 |

INVESTORS are keen to put money behind local businesses but are limited by funds mainly being channelled towards London, research claims.

A report by the UK Business Angels Association (UKBAA), focusing on the West Midlands region, found 18 per cent … Read More

Victory Park Capital backs emerging markets fintech fund

March 19, 2018 |

VICTORY Park Capital (VPC) has launched a new fund focusing on fintech companies in emerging markets.

The investment firm, which manages alternative finance-focused investment trust VPC Specialty Lending, has partnered with the International Finance Corporation (IFC), a World Bank member … Read More

P2P pawnbroker Unbolted confirms it is not expanding into property loans

March 16, 2018 |

PEER-TO-PEER pawnbroker Unbolted has quashed speculation that it is moving into property lending.

The fully regulated platform, which provides loans secured on assets such as fine wine or classic cars for individuals and equipment or stock for small businesses, has written … Read More

New ringfencing rules will create ‘two-tier’ protection for P2P cash

March 16, 2018 |

NEW ringfencing regulations in the banking sector look set to create a two tier system of protection for peer-to-peer investors’ money before it is lent out.

P2P platforms can handle lender funds either by setting up separate client money accounts … Read More

Developer launches IFISA to back distressed properties

March 16, 2018 |

INVESTORS are being offered a six per cent annual return from a new Innovative Finance ISA (IFISA) established by property investor Safe as Houses Group.

The Safe As Houses ISA, unveiled on Friday, invests in loans made to Safe as … Read More

ETHLend to reward active P2P users with LEND tokens

March 16, 2018 |

CRYPTOCURRENCY-BACKED peer-to-peer lending platform ETHLend has set up a reward scheme for its most active lenders and borrowers using its own digital coin.

Lenders who have funded loans on the platform and borrowers who have managed to fund requests and … Read More

Assetz Capital secures new line of institutional funding

March 15, 2018 |

ASSETZ Capital has secured a new line of institutional funding that it says will widen its scope and scale of lending.

The peer-to-peer lender said the unnamed institutional investor was part of a $100bn (£71.5bn) global multi-asset manager and would … Read More