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Peer2Peer Finance News | November 18, 2017

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Global News

LendingClub sends shares down after lowering revenue forecasts

November 8, 2017 |

LENDINGCLUB has seen its share price plummet 20 per cent after lowering its revenue forecast and announcing a change in its approach to borrowers.

The US peer-to-peer lending giant reported the highest revenue in the company’s history for the third … Read More

Lending Loop invests in Canadian board game cafe chain

October 17, 2017 |

LENDING Loop, a Canadian peer-to-peer lending platform, has agreed to finance Snakes & Lattes, a cafe chain where people can play and buy board games.

Amfil Technologies, which owns Snakes & Lattes, said on Tuesday that the financing will be … Read More

Ireland’s Linked Finance raises £1.8m to fund expansion plans

October 12, 2017 |

IRISH peer-to-peer lender Linked Finance has raised €2m (£1.79m) in an equity fundraising to support its expansion plans.

The funding round was led by the company’s original backers, venture capital firm Frontline Ventures. In addition, 28 individual investors who are … Read More

Ryanair’s Cawley named chairman of Linked Finance

September 25, 2017 |

IRISH peer-to-peer lender Linked Finance has appointed Michael Cawley as chairman.

Cawley, the former deputy chief executive of budget airline Ryanair, will replace Kingsley Aikins, who will remain on the board as a non-executive director.

Cawley told the Irish edition … Read More

RateSetter Australia toasts A$10.5m fundraising

September 25, 2017 |

A CAPITAL raising worth A$10.5m (£6.18m) has been completed by RateSetter Australia.

The investment round into RateSetter, which is now the largest peer-to-peer lender in Australia, was led by Five V Capital, with support from existing shareholders and other professional … Read More

Fintech a priority for European Commission in supervision reforms

September 21, 2017 |

THE EUROPEAN Commission has promised to “prioritise fintech” in its proposals to revamp its financial supervision strategy.

According to the Commission, the reforms will lead to further financial integration and a full Capital Markets Union, promoting jobs, growth and investments … Read More

FCA signs Hong Kong partnership to support fintech innovation

September 21, 2017 |

THE FINANCIAL Conduct Authority (FCA) has entered into a “co-operation agreement” with the Hong Kong Insurance Authority (IA), in a move which both parties say will help support innovation among fintech firms.

As part of the agreement, both bodies will … Read More

EstateGuru hits €30m lending milestone after record month

September 13, 2017 |

ESTATEGURU has hit the €30m (£27m) lending milestone, thanks to a record month in August.

The platform, which specialises in financing secured property loans in the three Baltic states but is open to UK investors, funded nearly €4m in August … Read More

Fintech helps London hold on to financial centre crown

September 11, 2017 |

FINTECH is helping London maintain its place as the world’s top financial centre despite Brexit uncertainty, a new report suggests.

The Global Financial Centres Index (GFCI), compiled by think tank Z/Yen each March and September, measures financial centres based on … Read More

Car finance drives P2P growth in Australia

August 29, 2017 |

CAR finance is one of the driving forces behind the growth of peer-to-peer lending among brokers in Australia.

According to new research from RateSetter’s Australian business, one fifth (20 per cent) of all broker-led loans on the platform are used … Read More