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Peer2Peer Finance News | June 22, 2018

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Industry News

Collateral collapse has far-reaching ramifications

June 21, 2018 |

Frank Wessely, partner at business advisory firm Quantuma, explains why the peer-to-peer lending industry should be thinking more seriously about platform closures in the wake of Collateral’s collapse

The outcome for investors in Collateral loans remains uncertain. BDO will be reporting … Read More

Ireland’s Linked Finance secures £44m funding from BNI Europa

June 21, 2018 |

IRISH peer-to-peer lender Linked Finance has secured €50m (£44m) in funding from Banco BNI Europa, the Portugal-based challenger bank.

BNI Europa will deploy the funds over two years to lend to Irish small- and medium-sized enterprises (SMEs).

The agreement aims … Read More

Most P2P investors do not expect a rate rise

June 21, 2018 |

THE MAJORITY of peer-to-peer investors do not expect the Bank of England to raise the base rate in the next three months, a poll suggests.

Only 25 per cent of the 1,000 investors surveyed by P2P business lender Assetz Capital … Read More

Only six per cent of Brits aware of Innovative Finance ISAs

June 21, 2018 |

THERE is considerable lack of awareness among the British population about ISA products, particularly the Innovative Finance ISA (IFISA), research shows.

A survey of 1,000 adults by Oaksmore ISA found 16 per cent of savers were not aware of any … Read More

Former MoneyThing finance director joins BWB Compliance

June 21, 2018 |

CONSULTANCY BWB Compliance has boosted its peer-to-peer lending expertise with the appointment of former MoneyThing finance director Dena Chadderton as senior adviser.

She will primarily advise firms in the fintech and asset management space, with a particular focus on the … Read More

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More

Excess cash eats into Honeycomb’s NAV returns

June 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value (NAV) returns slow in May after hitting a new high the month before.

The alternative-finance focused fund posted a NAV return of 0.56 per cent, down from 1.36 per cent in … Read More

Zopa: Bank of Mum & Dad closed for child savings

June 20, 2018 |

THE Bank of Mum and Dad appears closed when it comes to parents helping their children start saving or investing, Zopa claims.

A poll by the peer-to-peer lender found a fifth of parents are refusing to put money aside for … Read More

Octopus Choice generates £5m interest for investors

June 20, 2018 |

OCTOPUS Choice has accrued more than £5m in interest for its investors since launching in 2016, according to figures released by the peer-to-peer lending platform.

The platform, which offers loans backed by bricks and mortar, has funded more than 400 … Read More

P2PFA accused of reducing transparency after loanbook changes

June 20, 2018 |

THE PEER-TO-PEER Finance Association (P2PFA) has been accused of reducing transparency and hindering efforts to enhance investor protection after changing the rules governing how firms publish their loanbook.

Previously, members of the self-regulated trade body were obliged to publish their … Read More