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Peer2Peer Finance News | June 25, 2019

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Industry News

MarketInvoice: SMEs favour invoice finance over business loans for growth

June 24, 2019 |

ONLY one in 10 small- and medium-sized enterprises (SMEs) would use a traditional business loan to grow their firm, research claims.

A poll of 1,000 business owners by MarketInvoice found invoice and asset based finance were the most popular funding … Read More

Zopa finds two thirds of loan applicants are charged higher rate than advertised

June 24, 2019 |

ZOPA research has found that two thirds of loan applicants are being offered a higher rate than advertised by banks and is calling for a fairer and more transparent loan market.

The peer-to-peer consumer lender, which is launching its own … Read More

Relendex unveils new head of lending operations

June 24, 2019 |

RELENDEX has continued its hiring spree with the appointment of Claire Newman as its head of lending operations.

Newman (pictured) joins the peer-to-peer property lender from Masthaven Bank where she was head of underwriting in the short-term lending department.

“At … Read More

Funding Circle launches institutional fund backed by Merseyside Pension Fund

June 24, 2019 |

FUNDING Circle has launched a new fund that will enable institutional investors such as pension funds to lend to small- and medium-sized enterprises (SMEs).

As part of the launch, Merseyside Pension Fund will invest £30m in the new vehicle, which … Read More hits 1m loans milestone

June 21, 2019 |

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

The Latvia-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

Losses grow at Crowdstacker but its assets are on the rise

June 21, 2019 |

CROWDSTACKER’S cumulative losses since inception rose to £1.3m for the 12 months to March 2019, but it has been boosted by more share capital and cash at the bank.

The peer-to-peer business lender’s annual accounts showed it made a loss … Read More

LendingCrowd appoints first general counsel

June 20, 2019 |

LENDINGCROWD has appointed Robbie McKenzie to the newly created post of general counsel and chief risk and compliance officer.

McKenzie (pictured) joins the Scottish-based peer-to-peer lender from Pollen Street Capital where he held a similar role.

He has also held … Read More

London techies paid two thirds more than average worker in the capital

June 20, 2019 |

THE AVERAGE London tech worker’s salary rose by six per cent last year to £62,000, according to new research.

The latest annual global ‘state of salaries report’ from career marketplace Hired found that London tech workers are paid 67 per … Read More

P2P investors sceptical about interest rate rises

June 19, 2019 |

MORE than half of Assetz Capital’s peer-to-peer investors are not convinced that more frequent Bank of England interest rate rises are on the way.

Bank of England Governor Mark Carney (pictured) said in May that interest rate rises could be … Read More

FundingSecure moves to reassure investors on loan updates

June 19, 2019 |

FUNDINGSECURE has told investors that it focused on delivering “timely and meaningful updates on loans” as the new management team’s assessment of its loanbook comes to an end.

The peer-to-peer pawnbroker said that the senior team installed in the last … Read More