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Peer2Peer Finance News | August 21, 2018

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Posts By Suzie Neuwirth

Here’s what the industry thinks of the FCA review

July 27, 2018 |

THE FINANCIAL Conduct Authority released its long-awaited review into the peer-to-peer lending sector on Friday. Here are some of the industry reactions so far…

 

 

Jaidev Janardana, chief executive of Zopa

“As the founder of the P2P industry, we … Read More

CrowdProperty funds £925,000 project in under 10 minutes

July 26, 2018 |

CROWDPROPERTY has funded a £925,000 residential property project in under 10 minutes, with almost half of investors’ funds coming via tax-efficient vehicles.

The peer-to-peer property platform said that 113 lenders had funded the project, which will build 11 houses on … Read More

Growth Street to join Starling Bank’s marketplace

July 19, 2018 |

GROWTH Street is joining Starling Bank’s marketplace, enabling customers to access its flagship finance product through the mobile-only bank.

The peer-to-peer business lender will be the first small- and medium-sized enterprise finance provider to go live on Starling’s marketplace, which … Read More

Fintechs such as P2P lenders can reduce risks of banking system

July 17, 2018 |

PEER-TO-PEER lending has been cited by the Treasury as an example of fintech’s ability to reduce risk in the financial sector by reducing concentration.

The government released a response on Tuesday to the 2017 fiscal risks report, which outlines the … Read More

Zopa says its customers have welcomed Open Banking

July 12, 2018 |

ZOPA’S early foray into Open Banking has already been successful, with over 50 per cent of its potential borrowers who need to verify their income embracing the new data-sharing initiative.

The peer-to-peer consumer lender launched an income verification tool in … Read More

Huddle refinances Collateral loans

July 9, 2018 |

PEER-TO-PEER business lender Huddle has stepped in to refinance some of Collateral’s loans after the platform went into administration earlier this year.

The first Collateral loan to go live on Huddle’s platform was a £80,500 facility secured by way of … Read More

Zopa back in the black after “landmark” year

July 2, 2018 |

ZOPA is back in the black in its annual results for the first time in five years, after what it called “a year of strong and sustainable growth”.

The peer-to-peer consumer lender reported pre-tax profit of £111,492 in 2017, up … Read More

Funding Circle changes projected returns

June 29, 2018 |

FUNDING Circle has altered its projected returns, meaning that investors lending across the platform’s full risk spectrum are expected to earn less money and those opting for lower-risk loans could earn more.

The peer-to-peer business lender said on Friday that … Read More

What do the P2PFA’s rule changes on data disclosure mean for YOU?

June 28, 2018 |

PEER-TO-PEER lending is an industry that prides itself on its transparency, but a significant change this month put its methods of disclosure under the spotlight.

Until this month, members of the self-regulated trade body the Peer-to-Peer Finance Association (P2PFA) had … Read More

Most business advisers would recommend alternative finance to fund growth

June 27, 2018 |

THE VAST majority of business advisers would recommend alternative finance to small- and medium-sized enterprises (SMEs) looking to grow, ThinCats research has found.

The peer-to-peer business lender surveyed 300 advisory professionals during Spring 2018 and found that 89 per cent … Read More