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Peer2Peer Finance News | January 17, 2018

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Posts By Suzie Neuwirth

FSB launches AI-led business finance aggregator

January 10, 2018 |

THE FEDERATION of Small Businesses (FSB) has launched a new business finance aggregator that uses Artificial Intelligence (AI) to match potential borrowers with more than 100 lenders.

The trade body unveiled the FSB Funding Platform on Wednesday, after it was trialled … Read More

Goji secures multi-million-pound backing from global fintech investors

January 10, 2018 |

GOJI, the peer-to-peer investment manager and Innovative Finance ISA (IFISA) administrator, has announced a multi-million-pound funding round led by Anthemis and AXA Strategic Ventures (ASV).

The firm said on Wednesday that their backing is a sign of confidence in alternative … Read More

Wellesley doubles fourth-quarter lending to £107m

January 9, 2018 |

WELLESLEY Group has reported £107m of lending in the final quarter of 2017, which is almost double the amount lent in the same period the previous year.

The alternative property lender said on Tuesday that the funds will support the construction … Read More

Consumer spending falls for fourth month in a row

January 8, 2018 |

UK CONSUMER spending fell for the fourth consecutive month in December, rounding off the worst year for household expenditure since 2012, new data shows.

Visa’s UK consumer spending index, released on Monday, showed that spending declined by one per cent … Read More

Funding Circle US partners with Kansas’s Intrust Bank

January 4, 2018 |

FUNDING Circle’s US division has unveiled a strategic partnership with Intrust Bank, a regional lender based in Kansas.

The peer-to-peer business finance provider, which has lent out more than $5bn (£3.69bn) globally, said on Thursday that the partnership will be … Read More

Brexit woes could slow invoice finance growth

January 3, 2018 |

THERE IS a correlation between the growth of invoice finance and the UK economy, raising concerns about how Brexit will impact the sector, new analysis from Equiniti has warned.

The specialist outsourcer, which delivers technology-enabled solutions to FTSE 100 companies, … Read More

Folk2Folk names Giles Cross as chief executive

January 3, 2018 |

FOLK2FOLK has announced that its chief marketing officer (CMO) Giles Cross has been promoted to chief executive with immediate effect.

The Cornwall-headquartered peer-to-peer lender, which originates funding for local and rural businesses, saw its previous chief executive Jane Dumeresque step … Read More

P2PGI confirms ‘stable 12p dividend’ after unveiling new strategy

January 2, 2018 |

P2P GLOBAL Investments (P2PGI) has stepped up its share buybacks and confirmed that it will pay “a stable 12p per share dividend” during the transition period as it repositions its portfolio.

The P2P-focused investment fund, which recently saw its manager … Read More

Funding Circle poised for £1bn float

January 2, 2018 |

FUNDING Circle is readying to hire advisers to prepare for a £1bn-plus float later this year.

The peer-to-peer business lender has reportedly told investment banks that it will hold a beauty parade before the end of the first quarter of … Read More

New rules clarify P2P business borrowers are not deposit takers

December 22, 2017 |

THE GOVERNMENT has clarified that a business does not need a banking licence to borrow through a peer-to-peer lending platform, in a move that is understood to underline its support for the industry.

In an announcement titled ‘protecting the future … Read More