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Peer2Peer Finance News | September 25, 2017

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Posts By Marc Shoffman

Zopa improves loan sale processing times

September 25, 2017 |

ZOPA investors are now able to sell their loans within a few days on the secondary market, after the peer-to-peer lender made improvements to speed up processing times.

Earlier this month, Zopa promised a “large change” to address investor concerns about … Read More

Crowdstacker launches first bond to fund Help to Buy homes

September 25, 2017 |

CROWDSTACKER has launched its first crowd bond, letting investors back property developer St Mark Homes.

The product is part of the business platform’s move to expand the range of products it offers.

St Mark Homes is looking to raise an … Read More

MarketInvoice: Fintech saves businesses more than £5k a year

September 25, 2017 |

TWO THIRDS of businesses are embracing fintech, with a third making use of it for loans or invoice finance, MarketInvoice has revealed.

A poll of more than 3,400 businesses by the peer-to-peer platform found 32 per cent have used online … Read More

MarketInvoice’s losses doubled in 2016

September 20, 2017 |

MARKETINVOICE saw its losses double during 2016, as the peer-to-peer invoice finance platform continues to use funds to scale up.

Its latest accounts on Companies House for 2016 showed a loss before taxation of £6m, increasing from £3.1m in 2015.

Read More

Not just avocado toast! Younger Oz investors flocking to RateSetter

September 20, 2017 |

RATESETTER is proving popular down under with millennials – typically those born in the early 1980s up to the mid 1990s – leading to a surge of investment into the lender’s one-month rolling product.

Data from RateSetter’s Australian platform, launched … Read More

Hogan Lovells launches online tool for fintechs seeking FCA approval

September 19, 2017 |

CITY law firm Hogan Lovells has launched a free tool on its website to guide fintech firms through the regulatory authorisation process.

The Engage Authorisation tool guides firms through the key stages of applying for authorisation from the Financial Conduct … Read More

Bonds grow in popularity due to IFISA wrapper

September 19, 2017 |

THE PEER-TO-PEER sector may be more associated with loans but its investors are becoming equally attracted to bonds.

Crowd bonds, such as those offered by Abundance and Downing, are already popular among investors and these platforms have reported a boost … Read More

Investment into business-facing fintechs doubles in two years

September 19, 2017 |

ALMOST half of European investment in fintech over the past year has been directed towards business-to-business (B2B) firms, including peer-to-peer lenders, a report suggests.

Findings from a report by Magister Advisors and Innovate Finance, called The State of European FinTech: … Read More

Review sites may be misleading, say P2P platforms

September 14, 2017 |

PEER-TO-PEER lenders are warning that investors should not rely too heavily on review sites.

In recent years several different review sites have emerged, such as Trustpilot, Feefo and Google Reviews, making it hard for consumers to compare platforms in one … Read More

Legal dispute hits Ranger Direct’s returns

September 14, 2017 |

RANGER Direct is expecting a resolution by the end of November to its long-running dispute with one of its holdings Princeton.

The investment trust, which backs secured business loans mainly in the US, has an investment in Princeton giving it … Read More