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Peer2Peer Finance News | December 19, 2018

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Industry News

Orca opens waiting list ahead of 2019 IFISA launch

December 19, 2018 |

ORCA has opened a waiting list for investors interested in its self-select portfolio and Innovative Finance ISA (IFISA), with plans to launch both products in the first quarter of 2019.

The peer-to-peer lending analysis and investment platform, which first revealed its … Read More

Lendy promises progress on nine suspended loans before Christmas

December 18, 2018 |

LENDY has suspended investment into nine loans from a single borrower on its peer-to-peer property lending platform as it claims to be making progress in getting lenders repaid.

The borrower, whose portfolio includes a site in Bradford, has committed to … Read More

Funding Circle fund’s monthly NAV falls to record low

December 18, 2018 |

FUNDING Circle’s dedicated investment trust has seen its largest-ever decline in monthly net asset value (NAV) returns, partly due to an underperforming cohort of UK loans.

The Funding Circle SME Income Fund (FCIF) saw its NAV drop by 1.4 per … Read More

Varengold ramps up focus on online lending partnerships

December 18, 2018 |

VARENGOLD Bank has unveiled its new strategy and rebranded website, as it focuses on developing more partnerships with online lending platforms.

The German bank, which has funding agreements with a number of peer-to-peer lenders including the UK’s MarketInvoice, said that … Read More

Entrepreneurs rank crowdfunding alongside banks as viable finance source

December 18, 2018 |

ONE in five entrepreneurs view crowdfunding as the most viable fundraising strategy for their business, research claims.

EY’s 2018 Fast Growth Tracker – an online poll of 380 UK business owners on their fundraising and business plans – found 20 … Read More

Downing launches bond with equity incentive to fund new wedding venue

December 17, 2018 |

DOWNING Crowd has launched its first bond that combines debt and equity investing.

The Pelham House Bond has a term of up to five years and nine months, and offers investors returns of 7.5 per cent per year.

The money will … Read More

Blend Network secures £10m of seed funding

December 17, 2018 |

PEER-TO-PEER development loans platform Blend Network has secured £10m of funding from private investors.

The late-seed round of financing was backed by investors including Cyrus Ardalan, former vice chair of Barclays and current chair of OakNorth Bank and Citigroup Global … Read More

Write-offs and legal disputes hit Ranger returns

December 17, 2018 |

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, … Read More

Victory Park Capital fund’s chair steps down for health reasons

December 14, 2018 |

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More

Zopa co-founder Giles Andrews to chair board of European direct lender

December 14, 2018 |

ZOPA co-founder Giles Andrews (pictured) has been named chair of European direct lending firm Dynamic Credit’s supervisory board.

The board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of asset … Read More