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Peer2Peer Finance News | September 26, 2018

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Posts By Tim Evershed

Initiative Ireland appoints investment director

September 26, 2018 |

IRISH peer-to-peer platform Initiative Ireland has appointed Brian Ó Nualláin as director of investment and wealth management.

Ó Nualláin (pictured left alongside Rory McEntee, co-founder and chief operating officer of Initiative Ireland) was previously business development director for Ireland at … Read More

SIA launches Open Banking platform

September 26, 2018 |

SIA has launched an Open Banking platform that will allow financial services companies to develop their payment services.

The Italian technology firm said its platform will help create applications, minimise development costs and accelerate time-to-market.

Open Banking mirrors the EU’s Payment … Read More

Remortgaging fuels rise in approvals

September 26, 2018 |

THE NUMBER of remortgages approved in August soared, fuelling a small rise in the overall mortgage market, according to figures from UK Finance.

The trade association’s data for last month showed that mortgage approvals by the main high street banks … Read More

Assetz Capital co-founder departs

September 25, 2018 |

ASSETZ Capital’s co-founder and chief credit officer Andrew Holgate (pictured) has left the peer-to-peer lender with immediate effect.

Holgate’s departure was revealed in Companies House filings that showed he had resigned his directorships in two Assetz Capital companies.

“Andrew Holgate … Read More

Property investors steaming ahead on the Elizabeth Line

September 25, 2018 |

INVESTORS and buy-to-let landlords with properties along the Elizabeth Line are benefitting from rent increases that are double the London average, according to new research.

Annual rent outgoings have risen by £2,000 along the route of the Crossrail project over … Read More

Prodigy Finance raises £760m in debt finance

September 24, 2018 |

UK-BASED peer-to-peer lender Prodigy Finance has secured $1bn (£761m) in available debt finance as it aims to expand its student funding programme.

The financing primarily consists of $900m from institutions including Deutsche Bank, Goldman Sachs, M&G Investments and Sumitomo Mitsui … Read More

Fintech partnerships to fuel financial services transformation

September 24, 2018 |

ALMOST two thirds of financial services firms are planning to collaborate with fintechs as they strive to improve services, according to new research.

29 per cent of these City firms plan to collaborate through partnerships, while 32 per cent are … Read More

Investx appoints RBS director as COO

September 19, 2018 |

INVESTX, a new blockchain-backed business funding platform, has appointed former Royal Bank of Scotland (RBS) director Richard Chambers as chief operating officer.

In a 14 year-career with HSBC Leveraged Finance and RBS, Chambers has secured over £500m in bank funding for private … Read More

Crowdstacker passes £800k fundraising target on Seedrs

September 19, 2018 |

CROWDSTACKER has passed its fundraising target of £800,000 on Seedrs, which is its first major external investment into the business.

The business peer-to-peer lender has been running a private fundraise on the equity crowdfunding platform, offering 3.93 per cent of … Read More

UK small businesses unsure of growth strategies

September 19, 2018 |

ONE third of small business owners want to grow their enterprise but are unsure how to do so, according to new research.

A survey commissioned by the British Business Bank found that many small businesses are unaware of the alternative … Read More