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Peer2Peer Finance News | August 19, 2019

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Industry News

Debt investment firms see growth of 493 per cent over decade

August 19, 2019 |

DEBT investment companies have seen growth of 493 per cent over the last decade and now represent £9.1bn in total assets, according to the Association of Investment Companies (AIC).

The total – which is across 31 companies in three sectors … Read More

Honeycomb and P2PGI end £1bn merger talks over Woodford concerns

August 19, 2019 |

HONEYCOMB Investment Trust and P2P Global Investments (P2PGI) have ended talks over a £1bn merger due to fears over the combined company’s exposure to troubled fund manager Neil Woodford.

Sky News reported that the takeover was proposed by Pollen Street … Read More

Lendy investors must undergo new AML checks

August 19, 2019 |

LENDY investors will have to go through anti-money laundering (AML) checks again before they receive any money back.

RSM, which was appointed administrator of the collapsed peer-to-peer lender in May, said it has uncovered “certain deficiencies” in Lendy’s AML procedures.

Read More

Unbolted adds bonus rates to dealer loans

August 16, 2019 |

UNBOLTED investors can now access a bonus rate of interest on loans for dealers of luxury assets.

The peer-to-peer pawnbroker is best-known for providing loans secured on personal assets such as watches or secured business finance, but it has also … Read More

Lend & Borrow Trust acquired by Goldmoney

August 16, 2019 |

LEND & Borrow Trust (LBT), the precious metals-backed peer-to-peer lending platform, has been fully acquired by Canadian investment firm Goldmoney.

“LBT is pleased to announce that, in the most recent fiscal quarter, we have been fully acquired by Goldmoney, a … Read More

Funding Circle hits $10bn lending milestone

August 15, 2019 |

FUNDING Circle has hit a major milestone after lending $10bn (£8.3bn) to small businesses globally through its platform.

Since its launch in 2010, Funding Circle has lent money in the UK, US, Germany and the Netherlands, contributing $2 to GDP … Read More

Lending charity raises money for vulnerable children in Somerset

August 15, 2019 |

LENDING charity AFPA Trust is working to promote the public image of the alternative lending sector by raising money for good causes through sector-specific networking events.

AFPA hosted a 4 July fundraiser (pictured) for at-risk children in Somerset, raising more … Read More

Assetz Capital bolsters Scottish relationships team

August 15, 2019 |

ASSETZ Capital has strengthened its relationship team in Scotland to expand its deal origination in the country.

The peer-to-peer business lender has promoted Fraser Clark (pictured) to relationship director from regional support director for the North. It also hired Lloyds Banking … Read More

UK mortgage market slows in June as uncertainty bites

August 15, 2019 |

TAKE-UP of first-time buyer and buy-to-let mortgages slowed in June as economic and political uncertainty caused some UK borrowers to take a ‘wait and see’ approach.

June saw a 1.5 per cent drop in first-time buyer mortgages and a 3.6 … Read More

Quarter of start-up owners regret their financing method

August 14, 2019 |

ALMOST a quarter of UK business owners have admitted they would have financed their venture differently at the start and think this decision held back their firm’s growth, according to a new survey.

Research commissioned by Hitachi Capital Invoice Finance found … Read More