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Peer2Peer Finance News | March 20, 2018

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Global News

Funding Circle US names PayPal exec as managing director

March 13, 2018 |

FUNDING Circle’s US division has named PayPal executive Bernardo Martinez as its new managing director.

Martinez, who was previously head of US small business lending at the online payments giant, replaces Sam Hodges, who will become chairman of Funding Circle US.

Prior … Read More

Europe looks to take fintech crown with pan-EU crowdfunding rules

March 8, 2018 |

THE EUROPEAN Commission has proposed a draft law to enable crowdfunding platforms to access customers across the EU, as the bloc looks to become a global hub for fintech.

The executive arm of the EU revealed an action plan on Thursday … Read More loan book hits £2.5m in first year

March 6, 2018 |

LATVIAN peer-to-peer payday loans platform has grown its loan book to €3m (£2.6m) in its first year of operation.

The platform, which provides short-term loans to borrowers in Kazakhstan and Spain, announced on Tuesday it has attracted 2,000 investors … Read More

UK helps drive global VC fintech investment to a record high

February 28, 2018 |

INVESTMENT in fintech ventures reached another all-time high in 2017, buoyed by a surge in funding for start-ups in the UK, US and India, research reveals.

The analysis by professional services company Accenture found global fintech financing rose 18 per cent … Read More

First UK finance provider joins Mintos

February 27, 2018 |

THE FIRST UK finance provider has joined European lending marketplace Mintos.

1pm is an Aim-listed alternative finance provider that lends to UK small- and medium-sized enterprises through its subsidiary companies. It offers a range of business finance solutions including asset … Read More

Marketplace lenders worldwide raised nearly $9bn last year

February 26, 2018 |

THE GLOBAL marketplace lending sector saw nearly $9bn (£6.45bn) invested across 233 deals last year, marking a new funding record for the industry.

Consultancy firm Fintech Global, who compiled the data, found that equity investment in the sector rebounded to … Read More

Initiative Ireland calls for more support for housebuilding

February 21, 2018 |

THE PLATFORM behind Ireland’s largest peer-to-peer loan to date has called for more support for property developments in the country, as research shows four times more houses need to be built in 2018 than in 2017 to match demand.

A … Read More

EstateGuru funds its biggest ever P2P loan as it enters Finnish market

February 15, 2018 |

CROSS-BORDER European property lender EstateGuru has expanded into Finland after funding the platform’s biggest ever loan in the country’s capital.

The peer-to-peer platform, which previously only lent to Baltic countries but is open to European investors including those in the … Read More

UK fintech investments soared to £3bn in 2017

February 13, 2018 |

MORE THAN $4.2bn (£3.02bn) was invested in UK-based fintech companies last year, up from $0.7bn in 2016.

According to the latest KPMG Pulse of Fintech report, the UK now accounts for more than half of the total European market ($7.2bn) … Read More

Banco BNI Europa to finance loans via Funding Circle Germany

January 30, 2018 |

PORTUGUESE online bank Banco BNI Europa has agreed a funding deal with Funding Circle in Germany, with a long-term goal to extend the partnership to other countries where the peer-to-peer lender operates.

Banco BNI Europa said on Tuesday that it … Read More