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Peer2Peer Finance News | July 23, 2017

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Posts By Suzie Neuwirth

CapitalRise IFISA helps reach record property fundraise

July 21, 2017 |

PEER-TO-PEER property lender CapitalRise has held its largest fundraise to date, with almost two thirds of its lenders using the platform’s Innovative Finance ISA (IFISA) to invest in its latest project.

CapitalRise has raised £1.35m to fund development of a … Read More

LendInvest to return to retail market with new bond issue

July 19, 2017 |

LENDINVEST is launching a five-year retail bond, to attract more funding from a broader range of investors.

The specialist mortgage lender closed its online platform to retail investors in May, so the new notes will open up its property investment … Read More

Zopa sees 35pc rise in home improvement loan originations

July 19, 2017 |

ZOPA said it has seen a 35 per cent year-on-year increase in home improvement loan originations in the first half of 2017, equating to over £92m in funding.

The world’s oldest peer-to-peer lender said on Wednesday that it has now … Read More

Bud and Growth Street among Nesta fintech prize winners

July 19, 2017 |

FINANCIAL management app Bud and peer-to-peer lender Growth Street are among the 20 winners of Nesta’s £5m fintech prize.

The Open Up Challenge, launched by the innovation foundation, was designed to encourage fintech firms to create apps and tools to … Read More

RateSetter’s new chairman heralds benefits of provision fund

July 17, 2017 |

RATESETTER’S new non-executive chairman Paul Manduca (pictured) has heralded the peer-to-peer lender’s “simplicity”, citing its provision fund as an example, on his first day in his new role.

The asset management veteran said that financial innovation can sometimes result in … Read More

Assetz bolsters Scottish team with Bank of Scotland’s Ian Craig

July 17, 2017 |

ASSETZ Capital has hired former Bank of Scotland relationship director Ian Craig (pictured) to help boost its business in Scotland.

The peer-to-peer business lender said on Monday that Craig will be based in the Edinburgh office, where he will be … Read More

Funding Circle fund on track but warns of Brexit risks

July 14, 2017 |

FUNDING Circle’s listed fund performed in line with expectations in its first full year of operation, which saw its net asset value increase by 11 per cent to £164.8m.

The Funding Circle SME Income Fund, which is quoted on the … Read More

MoneyThing prepares for IFISA launch after gaining HMRC approval

July 14, 2017 |

MONEYTHING has received Innovative Finance ISA (IFISA) approval from HMRC and is bringing forward its plans to launch the tax-free product, in response to investor demand.

The peer-to-peer lender gained Financial Conduct Authority approval in March after an 18-month application … Read More

A new altfin investment aggregator has launched

July 11, 2017 |

A NEW platform connecting investors with alternative finance opportunities from around the world has launched.

Amsterdam-based Yieldport acts as a community and search engine, crawling the web for new projects using a custom search algorithm. It currently offers more than … Read More

Rebuildingsociety clarifies enforcement processes

July 11, 2017 |

REBUILDINGSOCIETY’S enforcement head has said that criminal charges against borrowers do not mean that a loan is necessarily less recoverable, amid rumours of a fresh case.

Two directors of a company with a loan from the peer-to-peer platform have allegedly … Read More