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Peer2Peer Finance News | October 20, 2018

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Industry News

P2P returns are “hard to argue with” amid market uncertainty

October 19, 2018 |

UNCERTAINTY across global financial markets is boosting the case for peer-to-peer investment, according to Lending Works.

The peer-to-peer consumer lender said that while markets panic over a disorderly Brexit, soaring global debt, rising American interest rates and the Italian banking … Read More

Brexit to increase farmers’ demand for alternative funding

October 19, 2018 |

PEER-TO-PEER lenders could see more demand for funding from the farming industry after Brexit.

Folk2Folk, which specialises in providing finance to rural and farm businesses, said that reduced subsidies and a small pool of workers will put pressure on … Read More

Landbay reaps rewards of BTL tax changes

October 19, 2018 |

LANDBAY has seen its lending volumes triple in recent months thanks to the fall-out from the buy-to-let (BTL) tax changes and a major hiring spree.

John Goodall (pictured), chief executive of the peer-to-peer BTL mortgage lender, said lending volumes for … Read More

Funding Circle originations hit record high

October 19, 2018 |

FUNDING Circle saw new originations grow by 45 per cent in the third quarter of this year globally, as it revealed its UK broker channel has facilitated more than £1bn of lending.

The newly-listed peer-to-peer business lender, which has operations … Read More

CrowdProperty hits £10m repayment milestone

October 18, 2018 |

CROWDPROPERTY investors have now earned more than £10m from lending through the peer-to-peer property platform.

The development finance provider said on Thursday that lenders have earned £867,091 of interest and £9.2m in capital repayments since it launched in 2014.

“We … Read More

Landbay adopts new software to speed up investor sign-ups and mortgage approvals

October 18, 2018 |

LANDBAY has selected software company Oracle NetSuite to help speed up its decisions on mortgage applications and investor sign-ups.

Oracle NetSuite provides a suite of cloud-based applications that support businesses in managing their finances, operations and customer relations more efficiently.

It … Read More

Ablrate to launch blockchain-powered secondary market

October 18, 2018 |

ASSET-BACKED lender Ablrate is developing a blockchain-powered secondary market that will eventually be accessed by multiple peer-to-peer platforms and investors across the world.

David Bradley-Ward, chief executive of Ablrate, has launched a blockchain software provider called ASMX, which is working … Read More

Relendex appoints commercial director

October 18, 2018 |

RELENDEX has appointed former BDO accountant Paul Sonabend as commercial director.

Sonabend (pictured) joins the peer-to-peer property lender after holding chief financial officer positions at companies in sectors including food packaging, airline catering, health diagnostics and market research.

He is … Read More

ThinCats launches £50m funding programme for West Midlands

October 18, 2018 |

THINCATS has launched a £50m funding programme for small- and medium-sized businesses in the West Midlands.

The peer-to-peer business lending platform is partnering with start-up loan company BizBritain on the initiative.

ThinCats said that the programme has been launched in … Read More

Assetz Capital warns Brexit optimism is slipping away

October 17, 2018 |

INVESTORS are losing confidence in the government’s ability to secure a decent Brexit deal, according to data from Assetz Capital.

The peer-to-peer business lender’s third quarter investor barometer – based on a survey of its 29,000-strong investor community – found … Read More