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Peer2Peer Finance News | May 27, 2019

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Global News

City watchdog rejects Mintos application

May 13, 2019 |

LATVIA-HEADQUARTERED peer-to-peer lender Mintos has been refused regulatory approval in the UK, three years after its initial application.

The Financial Conduct Authority (FCA) said that it was not satisfied that the platform had the appropriate resources to implement its proposed … Read More

Funding Circle still offers manual lending in other markets

May 8, 2019 |

FUNDING Circle is still offering investors the option to self-select their loans in its three overseas markets, its annual report revealed last month.

The peer-to-peer business lender scrapped its manual lending option in the UK in 2017, saying that its … Read More

Crowd2Fund chosen for new fintech bridge programmes

May 1, 2019 |

PEER-TO-PEER lender Crowd2Fund has been named as one of just 10 UK firms to benefit from two new fintech bridge programmes with Hong Kong and Australia.

The Department for International Trade (DIT) and the Treasury said that the pilot programmes … Read More

Victory Park Capital: Trump has been good for online lending

April 26, 2019 |

US PRESIDENT Donald Trump (pictured) has promoted a favourable environment for online lending, according to Victory Park Capital Specialty Lending Investments (VPC).

The alternative finance-focused investment fund, which has 74 per cent of its portfolio allocated to US companies, said … Read More

LendingClub to refer small businesses to Funding Circle

April 23, 2019 |

LENDINGCLUB is planning to stop lending to small businesses and will instead refer prospective borrowers to Funding Circle US and Opportunity Fund.

The US peer-to-peer lending giant, whose core business is personal finance, said it provided loans to a “small … Read More

Philippines becomes biggest P2P lending market for

March 25, 2019 |

ROBO.CASH investors have backed €2.4m (£2m) of loans in the Philippines in the first three months since the peer-to-peer lender launched a partnership in the country.

The Latvia-based P2P platform began providing short-term loans in the Philippines in December 2018 … Read More

Irish altfi lender challenges big banks in mortgage market

March 19, 2019 |

ONE of Ireland’s largest alternative lenders has made its first foray into the residential mortgage market in a move to compete with the country’s big retail banks.

Finance Ireland has introduced its own residential mortgage products after buying the Pepper … Read More

Can Funding Circle crack the Canadian P2P market?

March 18, 2019 |

FUNDING Circle revealed in its latest annual results that it is planning to expand its peer-to-peer lending activities into Canada.

The P2P business lender is already well versed in entering new international markets, but will Canada pose its own challenges?

Read More

Funding Circle US hits $2bn milestone

March 1, 2019 |

FUNDING Circle’s US business has hit the $2bn (£1.5bn) lending milestone, which it says puts it ahead of the majority of mainstream lenders in the country.

The peer-to-peer business lender said it has more US small business loans outstanding than … Read More

China makes raft of arrests and seizes £1.2bn in P2P crackdown

February 18, 2019 |

THE Chinese authorities have arrested 62 suspects abroad and seized $1.5bn (£1.2bn) in assets from peer-to-peer platforms accused of illegal fundraising.

Around 380 P2P platforms have had assets confiscated since June in a crackdown on fraud in the space.

China’s … Read More