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Peer2Peer Finance News | April 25, 2019

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Posts By Suzie Neuwirth

Nationwide selects winners of Open Banking for Good challenge

April 24, 2019 |

NATIONWIDE has selected seven fintechs to take part in its Open Banking for Good challenge, to develop apps for financially vulnerable people.

Openwrks, Ducit.ai, Trezeo, Flow, Toucan, Squad and Tully were chosen from more than 50 applicants, Nationwide said.

The … Read More

Funding Circle’s loans under management hit “new high” in Q1

April 18, 2019 |

FUNDING Circle’s loans under management soared to a “new high” of £3.4bn in the first three months of the year.

The peer-to-peer business lender unveiled its first-quarter trading update on Friday, which showed that loans under management rose by 44 … Read More

Growth Street reveals details of IFISA ahead of launch

April 17, 2019 |

GROWTH Street has revealed details of its Innovative Finance ISA (IFISA) ahead of its imminent launch.

The peer-to-peer business lender said that its tax wrapper will offer a fixed rate of 5.8 per cent with a one-year term.

It will … Read More

Money&Co to launch IFISA-eligible portfolio product

April 16, 2019 |

MONEY&CO is introducing a managed portfolio product that it says will offer extra security to investors by ensuring more diversification.

The peer-to-peer business lender, which was founded by City ‘superwoman’ Nicola Horlick (pictured), is planning to discontinue single-loan offerings in … Read More

The House Crowd launches new brand targeting younger investors

April 15, 2019 |

THE HOUSE Crowd is launching a new brand that allows people to invest small amounts into its peer-to-peer loans on a monthly basis.

The new product, called Money Mog, is targeting younger investors and offers annual returns of up to … Read More

Equifax hires RBS executive to oversee operations in UK and Ireland

April 15, 2019 |

EQUIFAX has named former RBS operations executive Tony Banks as vice president of operations for the UK and Ireland.

The credit reporting company said on Monday that Banks will be responsible for overseeing all operational activities at Equifax sites including … Read More

CapitalRise switches to Goji for client money and ISA management services

April 12, 2019 |

CAPITALRISE has switched its client money manager and ISA manager to direct lending technology specialist Goji, as part of its “2019 product improvement plan”.

The online property finance platform said that it switched its client money manager on 2 April, … Read More

Assetz boss: Uninvested ‘nosy parkers’ could derail recovery process

April 11, 2019 |

ASSETZ Capital chief executive Stuart Law (pictured) has said there is “no benefit” to allowing people who are not invested in loans to have access to confidential data, warning that it could harm investors and borrowers.

Investors on the P2P … Read More

Swoop names Funding Circle underwriter among new hires

April 11, 2019 |

SWOOP has hired former Funding Circle credit underwriter Thomas Clark to join its small- and medium-sized enterprise (SME) funding platform, as one of a number of new appointments to bolster its team.

The platform, which rebranded from BisFly last year, … Read More

Funding Circle boss pocketed more than £4m last year

April 10, 2019 |

FUNDING Circle founder Samir Desai (pictured) earned more than £4m last year, having cashed in some of his shares at the time of the peer-to-peer lender’s stock market flotation.

Desai took home a salary of £210,000 last year, according to … Read More