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Peer2Peer Finance News | June 20, 2018

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Posts By Suzie Neuwirth

MoneyThing opens up IFISA to all investors

June 19, 2018 |

MONEYTHING has opened its Innovative Finance ISA (IFISA) to all investors, following a successful soft launch of the tax wrapper.

The peer-to-peer business lender opened its IFISA to just over 100 pre-registered users at the start of the new tax … Read More

Assetz reports £10m of inflows since last month’s rate rise

June 19, 2018 |

INVESTORS have ploughed £10m into Assetz Capital in the month following the peer-to-peer lender’s first-ever rate rise.

Rates of return for the Quick Access Account and 30-Day Access Account increased from 3.75 per cent to 4.1 per cent and from … Read More

Landbay hires Paragon’s Ian Hall as part of expansion drive

June 14, 2018 |

LANDBAY has named Paragon Bank’s Ian Hall (pictured) as regional account manager for the North, as the buy-to-let lender powers ahead with its expansion plans.

Hall has spent 12 years in the mortgage industry, most recently working at challenger Paragon … Read More

A new property investment platform has launched

June 14, 2018 |

A NEW peer-to-peer property platform has launched, connecting individual investors with development finance opportunities across the UK.

Propio, which has been set up by London property developer Fruition Properties, offers both debt and equity investments on its platform. Users can … Read More

New SME funding hub will boost awareness of P2P

June 8, 2018 |

PEER-TO-PEER finance resources will be included in a new funding hub for high-growth businesses looking to scale up in the UK.

The interactive website, launched by the British Business Bank, offers articles, infographics, videos and event listings aimed at digitally-savvy … Read More

Funding Circle scraps downloadable loanbook

June 7, 2018 |

FUNDING Circle has withdrawn its downloadable loanbook and stopped publishing loan performance data on a daily basis.

The peer-to-peer business lender announced on Thursday that it has launched a new statistics page which will be updated every three months.

The … Read More

IFISA name gives investors the wrong impression, says Amberside boss

June 5, 2018 |

INNOVATIVE Finance ISA (IFISA) is a misleading term for investors, according to the head of a new crowd bond platform that offers the tax wrapper.

David Scrivens, director of Amberside Capital, said that their platform – which invests in the … Read More

SME funding platform partners with Hiscox

May 31, 2018 |

SWOOP, a new small- and medium-sized enterprise (SME) funding platform, has partnered with Hiscox on the insurer’s business accelerator portal.

Swoop, which is a re-brand of BizFly, connects businesses in need of finance with over 400 lenders including peer-to-peer platforms … Read More

Ablrate takes equity stake in Huddle

May 18, 2018 |

ABLRATE has taken an equity stake in fellow peer-to-peer lender Huddle, as part of a wider strategic partnership between the two platforms.

Asset-backed lender Ablrate has worked with Huddle since the latter’s launch in April 2017, providing its technology and … Read More

Lendy names Robert Kelly as first ever COO

May 9, 2018 |

LENDY has appointed its first chief operating officer to support the company’s growth.

The peer-to-peer property lending platform announced on Wednesday that Robert Kelly (pictured) is taking on the role, with immediate effect.

Lendy said he brings over 25 years … Read More