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Peer2Peer Finance News | July 23, 2019

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Did institutional investors kill Trustbuddy?

July 15, 2019 |

AN INFLUX of institutional capital paved the way for Trustbuddy’s demise, a former executive from the collapsed platform has claimed.

The Swedish peer-to-peer lender became one of the sector’s first high-profile failures when it went into administration four years ago, … Read More

Property Bridges wins further investment to fund all-Ireland expansion

July 12, 2019 |

DUBLIN-based peer-to-peer lender Property Bridges has announced plans to expand its business across every county in Ireland, after receiving a new cash injection from a Northern Irish investment firm.

Lagan Investments has taken a ten per cent equity stake in … Read More

Funding Circle inks £45m funding line from Nordic lender Avida

June 26, 2019 |

FUNDING Circle has secured a €50m (£44.7m) funding line from Nordic lender Avida Finans AB to support small businesses in Germany and the Netherlands.

Avida will lend the €50m through the peer-to-peer lender’s German and Dutch platforms over a nine-month period, … Read More

Robo.cash hits 1m loans milestone

June 21, 2019 |

EUROPEAN short-term peer-to-peer lender Robo.cash has now financed one million loans.

The Croatia-based P2P lending platform said on Friday that its cumulative loanbook has a total value of €89m (£79m).

It has funded 284,400 loans in the first five months … Read More

Linked Finance passes €100m in loans and plans hiring spree

June 14, 2019 |

IRISH peer-to-peer platform Linked Finance has passed its €100m lending (£89m) milestone, and announced plans to double its headcount by 2020.

The Dublin-based lender has now provided more than 2,100 loans to local businesses in every county of Ireland. It … Read More

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