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Peer2Peer Finance News | August 21, 2018

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Posts By Marc Shoffman

Welendus launches third crowdfunding round

August 20, 2018 |

WELENDUS has launched a new crowdfunding round on Seedrs to raise £850,000.

The peer-to-peer short-term loans platform has already raised 95 per cent of the target privately and now has made its listing public.

It is the third Seedrs fundraising … Read More

China recruits state-owned banks to save troubled P2P sector

August 17, 2018 |

FINANCIAL regulators in China have consulted with state-owned asset managers to help resolve a crisis emerging in the country’s peer-to-peer sector, according to reports.

Hundreds of P2P investors have faced issues with withdrawing funds, defaults or platform owners simply disappearing, … Read More

Property investors cautious despite solid returns

August 16, 2018 |

INVESTORS are cautious about putting money into property, a survey has found, despite separate research showing that the sector has been a solid investment over the last 50 years.

A poll of 1,000 investors commissioned by Rathbone Investment Management found … Read More

Funding Circle fund begins shift from US loans

August 16, 2018 |

FUNDING Circle’s dedicated investment trust expects its US exposure to fall to 22 per cent over the next two months as it continues its migration to focus more on UK and European loans.

A July update from the Funding Circle … Read More

Assetz Capital sees £50m IFISA boost

August 15, 2018 |

ASSETZ Capital has received a £50m boost from its Innovative Finance ISA (IFISA).

The peer-to-peer business lender revealed £50m has been invested into tax wrapper since its launch at the beginning of the year.

Stuart Law, chief executive of Assetz … Read More

Proplend launches auto-lend facility

August 15, 2018 |

COMMERCIAL property peer-to-peer lending platform Proplend has introduced an auto investing feature.

The auto-lend facility will let investors target a return of five per cent, with funds allocated to Proplend’s least risky tranche A investments.

Once enabled, the facility will … Read More

Fresh blow for savers as inflation rises for first time in eight months

August 15, 2018 |

SAVERS have been hit with a new blow as the rate of inflation increased for the first time since November 2017.

Figures from the Office for National Statistics (ONS) showed the consumer prices index had increased to 2.5 per cent … Read More

Bud named among winners of £2m Rent Recognition challenge

August 15, 2018 |

PERSONAL finance app Bud has won a share of £2m as part of the government’s Rent Recognition Challenge competition.

Bud, which lets users manage accounts from a range of providers including peer-to-peer lenders Zopa and RateSetter, was named among three … Read More

CrowdProperty promises more projects for investors

August 14, 2018 |

CROWDPROPERTY has promised a pipeline of new loans to fund for the rest of the year as it approaches its fourth anniversary.

The peer-to-peer property platform said its loanbook is approaching £20m, encompassing 44 projects with 284 units.

Of these, … Read More

A Rocky Road

August 10, 2018 |

IN THE TWO YEARS since the Financial Conduct Authority (FCA) commenced its post-implementation review of the peer-to-peer lending industry, so much has changed. Whereas a mere handful of P2P platforms had full FCA authorisation in 2016, now the vast majority … Read More