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Peer2Peer Finance News | August 19, 2019

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Posts By Suzie Neuwirth

Fellow Finance warns on lower profits due to aggressive expansion plans

August 16, 2019 |

PUBLICLY-LISTED peer-to-peer lender Fellow Finance has lowered its full-year guidance, blaming lower-than-expected loan volumes and aggressive international expansion.

The Nordic P2P platform, which floated on the First North Finland Market last year, said on Friday that it expects a year-on-year decline … Read More

Lend & Borrow Trust acquired by Goldmoney

August 16, 2019 |

LEND & Borrow Trust (LBT), the precious metals-backed peer-to-peer lending platform, has been fully acquired by Canadian investment firm Goldmoney.

“LBT is pleased to announce that, in the most recent fiscal quarter, we have been fully acquired by Goldmoney, a … Read More

VPC Specialty Lending shrugs off Woodford sale with record quarterly NAV

August 13, 2019 |

Victory Park Capital (VPC) Specialty Lending, which saw Neil Woodford offload his entire stake at the end of April, has said that significant investor fund redemptions over the second quarter were “unrelated to the fundamental performance of the company”.

The … Read More

RDL Realisation reduces £5m from portfolio value in June

August 12, 2019 |

RDL Realisation’s (RDL) wind-down of its portfolio carried on full steam ahead in June, with another $5.8m (£4.8m) reduced from its value.

The alternative finance-focused investment trust also drastically reduced its cash reserves in June, from $92.4m to $20.2m over … Read More

Peer Funding to close its doors

August 8, 2019 |

PEER Funding is closing down at the start of September, after failing to attract external investment into the business.

The peer-to-peer business lender, which has not been trading for some time, emailed investors on Thursday to let them know that … Read More

Funding Circle embarks on £164m US securitisation

August 8, 2019 |

FUNDING Circle is securitising some of its US loans for the very first time.

This will be the fifth time that the publicly-listed peer-to-peer business lender has gone to the debt capital markets but the first time it has done … Read More

Growth Street: BoE rate hold could drive people to P2P

August 1, 2019 |

GROWTH Street thinks that the Bank of England’s decision to hold interest rates this month could drive individuals towards peer-to-peer investing.

The central bank’s monetary policy committee voted unanimously on Thursday to maintain the base rate at 0.75 per cent.

Read More

Fintechs invited to enter £2m affordable credit challenge

July 31, 2019 |

THE TREASURY and innovation foundation Nesta Challenges are offering £2m in prize money to encourage fintechs and community lenders to work together on affordable credit solutions.

Many people are turning to high-cost credit, such as payday or guarantor loans, when … Read More

Bates Wells Compliance to close down in November

July 30, 2019 |

FINANCIAL services regulatory consultancy Bates Wells Compliance, formerly known as BWB Compliance, will be shutting down on 4 November.

The compliance consultancy, which launched in 2016, is very active in the peer-to-peer lending and crowdfunding sector.

It featured as one … Read More

Lendy investors must wait until October to withdraw funds

July 26, 2019 |

LENDY investors will need to wait until October at the earliest to recoup any of their funds, the administrator of the collapsed peer-to-peer lender has said.

RSM said that before it can release any money to investors – which includes … Read More