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Peer2Peer Finance News | February 23, 2018

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Industry News

P2P default forecasts are rising, but should investors worry?

February 22, 2018 |

DEFAULT forecasts across some of the main consumer peer-to-peer lending platforms have begun ticking up.

At the same time lenders have faced pressure to keep borrower rates lower to compete with cheaper loan pricing among banks and building societies.

So … 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

P2P lending to form part of inquiry into SME finance

February 21, 2018 |

POLITICIANS are going to consider the availability and uptake of peer-to-peer lending as part of an inquiry into finance for small-and-medium-sized enterprises (SMEs).

The Treasury Select Committee of MPs will evaluate the state of the SME finance market and will … Read More

Honeycomb posts first monthly returns under new accountancy rules

February 21, 2018 |

THE HONEYCOMB investment trust started the year with its net asset value (NAV) up 0.66 per cent.

The January performance figure is down from 0.79 per cent in December 2017 but is the first that includes new IFRS 9 rules … Read More

Fintech firms growing twice as fast as other start-ups

February 21, 2018 |

FINTECH has proved to be the most lucrative sector for early-stage investors, with 63 per cent annual growth in the value of their investments over a seven-year period, new research shows.

This is more than double the 30 … Read More

Online lenders and banks may operate as ‘joint ventures’

February 20, 2018 |

ONLINE lending platforms may partner with banks to fund and market credit products in the future, even sharing the approval process and compliance, in one scenario outlined by global banking regulators.

The Basel Committee on Banking Supervision (BCBS) looked at … Read More

Funding Circle to launch two new mobile apps this year

February 20, 2018 |

FUNDING Circle is looking to expand its presence in the mobile apps space.

The business lender, which currently only has an iPhone app for investors to access, monitor and manage their accounts, is now advertising for a global mobile apps … Read More

P2P lending soars but SMEs generally wary of finance

February 20, 2018 |

PEER-TO-PEER business lending and other forms of alternative business finance saw significant growth last year, but an aversion to external finance continues to hold back many small firms, according to the latest research from the British Business Bank (BBB).

The … Read More

ArchOver readies for IFISA launch

February 19, 2018 |

ARCHOVER is planning to launch its Innovative Finance ISA (IFISA) in the next few weeks.

The peer-to-peer business lending platform, which gained authorisation from the Financial Conduct Authority (FCA) last year, has emailed existing investors informing them of the news.

Read More

Funding Circle set to hire Morgan Stanley to lead London flotation

February 19, 2018 |

FUNDING Circle is reportedly poised to hire Morgan Stanley to lead a flotation on the London Stock Exchange in the second half of this year.

The largest P2P platform by loan book size in the UK is expected to hire … Read More