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Peer2Peer Finance News | August 21, 2019

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Posts By Tim Evershed

Zopa: Parents borrowing from children’s piggy banks

November 14, 2018 |

ZOPA research has found that two fifths of parents have admitted to raiding their children’s piggy banks to borrow cash.

Parents surveyed by the peer-to-peer consumer lender confessed to borrowing money from their kids with a fifth taking over £250 a year.

Read More

Under 35s aiming to retire before they reach 60

November 13, 2018 |

ALMOST half of investors aged under 35 think they will be able to retire before they reach their 60s, according to new research.

A survey from investment management company Rathbone Investment Management highlighted a generational divide amongst retirement savers.

While … Read More

UK and Singapore agree to cooperate on fintech

November 13, 2018 |

THE UK and Singapore have agreed to work more closely together to promote fintech innovation.

Innovate Finance, the trade body for the UK’s fintech industry, has signed a Memorandum of Understanding (MoU) with the Singapore Fintech Association (SFA), which supports … Read More

Ranger director Jonathan Schneider departs

November 12, 2018 |

TROUBLED investment trust Ranger Direct Lending (RDL) has announced that Jonathan Schneider has stepped down as a director.

The alternative finance-focused fund, which is in the process of being closed down, said on Monday that Schneider is leaving with immediate effect after … Read More

Downing extends bond size after prospectus rule change

November 12, 2018 |

CROWD bond platform Downing Crowd has taken advantage of the new higher prospectus limit to extend the size of its most popular bond.

EU prospectus rules mandated companies to issue a prospectus for debt- or equity-based crowdfunding worth more than €5m (£4.4m) and … Read More

SME loan made using Open Banking data

November 12, 2018 |

A SMALL business loan has been made using Open Banking data via business finance aggregator Funding Options.

It is the first time Open Banking data has been used by a UK fintech for the comparison of small business financial services, according … Read More

P2P could be better match for small businesses, says FSB

November 8, 2018 |

PEER-TO-PEER lenders could be a better match for some small businesses than traditional banks, according to the Federation of Small Businesses (FSB).

A report from the trade body for small- and medium-sized enterprises (SMEs) warns that firms are unaware of … Read More

Crowdcube secures £8.5m in funding round

November 7, 2018 |

CROWDFUNDING platform Crowdcube has raised £8.5m in a funding round led by venture capital firm Draper Esprit.

Draper Espirit has taken a £6m stake in the platform, alongside Channel 4 and Balderton Capital, which backed peer-to-peer lender Zopa in its … Read More

Landbay reaches £200m lending landmark

November 7, 2018 |

LANDBAY has hailed its quality service and strong broker relationships as it reached the £200m lending milestone this week.

The peer-to-peer property platform, which purely focuses on buy-to-let mortgages (BTL), said it had reached the landmark with a track record … Read More

P2P lending rules to impact mortgage industry, says UK Finance

November 6, 2018 |

UK FINANCE has cited peer-to-peer lending rules among the initiatives set to impact the mortgage industry and warned that “multiple, uncoordinated and un-sequenced regulatory and legislative proposals” will increase operational risks in the financial services sector.

Jackie Bennett, director of mortgages at UK … Read More