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Peer2Peer Finance News | March 20, 2018

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Posts By Suzie Neuwirth

RateSetter CEO warns of ‘risk’ of collaboration over competition

March 19, 2018 |

RATESETTER chief executive and co-founder Rhydian Lewis (pictured) has underlined the importance of competition – and not just collaboration – between fintechs and banks for true innovation to occur.

At the Innovate Finance Global Summit at London’s Guildhall, Lewis warned … Read More

MarketInvoice hits £2bn lending milestone

March 19, 2018 |

MARKETINVOICE has reached £2bn of cumulative lending and expects to hit £3bn by the end of the year.

The business finance company said on Monday that the first £1bn was achieved after five years of trading and the second £1bn … Read More

EasyMoney: Decline in young people using ISAs is a ‘real concern’

March 17, 2018 |

THE NUMBER of young people putting money into ISAs has fallen by more than a third over the past five years, according to research compiled by EasyMoney, part of Sir Stelios-Haji-Ioannou’s easy family of brands.

The peer-to-peer lending platform, which … Read More

Lendy hits 20,000 investor milestone

March 15, 2018 |

LENDY has seen 50 per cent year-on-year growth in its investor base, with 20,000 individuals now signed up to the peer-to-peer lending platform.

The secured property finance provider said on Thursday that around 7,000 new investors have joined Lendy in … Read More

Abundance launches IFISA offer

March 14, 2018 |

ETHICAL peer-to-peer investment platform Abundance has launched a new incentive for its Innovative Finance ISA (IFISA) investors.

The firm announced on Wednesday that it is offering its customers a return of 1.5 per cent on ISA cash balances until 31 … Read More

Property Crowd secondary market slated for third quarter of 2018

March 14, 2018 |

PROPERTY Crowd investors will be able to trade their loan parts on a secondary market from the third quarter of this year.

Rohin Modasia, chief executive of the property crowdfunding platform’s parent company Global Alternatives, told Peer2Peer Finance News that the firm is … Read More

Funding Circle US names PayPal exec as managing director

March 13, 2018 |

FUNDING Circle’s US division has named PayPal executive Bernardo Martinez as its new managing director.

Martinez, who was previously head of US small business lending at the online payments giant, replaces Sam Hodges, who will become chairman of Funding Circle US.

Prior … Read More

RateSetter sees over 5,000 IFISA accounts opened in first month

March 13, 2018 |

RATESETTER has revealed that over 5,000 Innovative Finance ISA (IFISA) accounts were opened in the first month since the product’s launch.

This equates to a quarter of total IFISA accounts opened across the whole industry in the last tax year, … Read More

CryptoLoan launches in Sweden ahead of European roll-out

March 12, 2018 |

VIA SMS Group, the European alternative finance provider, has launched a new cryptocurrency-backed peer-to-peer lending platform called CryptoLoan.

The loans are issued in fiat currencies such as US dollars or euros, but cryptocurrencies such as Bitcoins are used as collateral. … Read More

Assetz to give 1pc extra interest to investors in Spring offer

March 12, 2018 |

ASSETZ Capital has launched a Spring bonus, giving its investors an additional one per cent target interest.

The peer-to-peer business lender said on Monday that all new funds lent between now and 4 April on the platform will now earn … Read More