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Peer2Peer Finance News | October 20, 2018

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Posts By Suzie Neuwirth

FundingSecure bolsters board with two entrepreneurs

October 15, 2018 |

FUNDINGSECURE has named two experienced entrepreneurs as board members to support its growth plans.

The peer-to-peer pawnbroking platform has appointed Raj Kumar and Carl Davies to its board.

Kumar has more than 25 years of experience in running and building … Read More

Ranger warns impairment may increase from Princeton holding

October 15, 2018 |

RANGER Direct Lending (RDL) has warned that it anticipates a further hit to its coffers from its Princeton investment.

The London-listed alternative finance fund, which is in the process of being wound down, said that Princeton may have “incorrectly estimated … Read More

Assetz to launch property crowdfunding platform

October 12, 2018 |

ASSETZ Group is readying to launch Assetz Exchange, a property crowdfunding platform that it claims will help solve the UK’s housing crisis, Peer2Peer Finance News can reveal.

The new platform will enable users to invest in a range of properties, … Read More

ArchOver launches auto-invest product

October 8, 2018 |

ARCHOVER has launched an auto-investment product, offering target returns of up to 6.4 per cent.

The peer-to-peer business lender said on Monday that the new offering – which it calls its Investment Plan – will improve accessibility for retail investors … Read More

Ex-Standard Life boss named chairman of LendingCrowd

October 1, 2018 |

CITY veteran Sir Sandy Crombie has been named chairman of Scottish peer-to-peer lender LendingCrowd.

Crombie (pictured right, with LendingCrowd chief executive Stuart Lunn), was appointed as chief executive of Standard Life Investments in 1994. He became group chief executive of … Read More

Rachel Elnaugh and Caprice Bourret to speak at The Business Show

September 27, 2018 |

FORMER Dragon’s Den star Rachel Elnaugh and model-turned-entrepreneur Caprice Bourret (pictured) will be among the female businesswomen speaking at The Business Show this year.

Tara Howard, founder of the Venus Awards, inventor Helen Ross and Kavita Oberoi OBE, who now … Read More

ING Ventures buys £5m stake in Funding Options

September 21, 2018 |

ING VENTURES, the fintech venture capital arm of Netherlands bank ING, has bought a minority stake in Funding Options for £5m.

Funding Options is an online marketplace for business finance, linking UK businesses with over 50 finance providers including peer-to-peer … Read More

Ranger Direct’s NAV sees largest fall in almost two years

September 21, 2018 |

BELEAGUERED investment trust Ranger Direct Lending (RDL) saw its net asset value (NAV) plunge by 1.19 per cent in July – its third consecutive month of declines.

The London-listed fund, which invests in debt through alternative lenders, cited loan write-offs, … Read More

Ex-payday lending boss joins Zopa

September 20, 2018 |

ZOPA has appointed former payday lending boss Zitah McMillan as a non-executive director on the board of its peer-to-peer business, Peer2Peer Finance News can reveal.

McMillan previously held top communications roles at the Department of Work and Pensions and the … Read More

Zopa co-founder to speak at The Finance Professional Show

September 20, 2018 |

ZOPA co-founder James Alexander (pictured) has been confirmed as the keynote speaker at The Finance Professional Show.

Alexander, who previously held the chief executive role at the world’s oldest peer-to-peer lender, is now a director at global advisory firm Future … Read More