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Peer2Peer Finance News | July 23, 2017

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Industry News

Zopa signs up to artificial intelligence credit scorer Aire

July 21, 2017 |

ZOPA is among the first consumer lenders to partner with a newly-formed credit scorer using artificial intelligence rather than traditional methods to help assess borrowers.

Rather than lenders relying on traditional credit scores from mainstream agencies, Aire conducts an interactive … Read More

CapitalRise IFISA helps reach record property fundraise

July 21, 2017 |

PEER-TO-PEER property lender CapitalRise has held its largest fundraise to date, with almost two thirds of its lenders using the platform’s Innovative Finance ISA (IFISA) to invest in its latest project.

CapitalRise has raised £1.35m to fund development of a … Read More

Honeycomb loses its buzz in first month after share placing

July 21, 2017 |

THE HONEYCOMB Investment Trust posted its weakest net asset value (NAV) return so far this year during June, the first full month since the proceeds of a recent fundraising were spread into the portfolio.

The alternative finance-focused investment trust, managed … Read More

Opinion split on best P2P marketing techniques

July 21, 2017 |

PEER-TO-PEER platforms may be pitching themselves as an alternative to mainstream banks but many are relying on traditional methods when it comes to advertising.

Property P2P platform Lendy has recently announced sponsorship of the Cowes Week sailing regatta, while business … Read More

ArchOver signs up to UK Finance trade body

July 20, 2017 |

PEER-TO-PEER secured business loans platform ArchOver has pledged to be the voice of the P2P sector after becoming part of newly-formed financial trade body UK Finance.

ArchOver joined the Asset Based Finance Association (ABFA) last month which has subsequently been merged … Read More

LendInvest to return to retail market with new bond issue

July 19, 2017 |

LENDINVEST is launching a five-year retail bond, to attract more funding from a broader range of investors.

The specialist mortgage lender closed its online platform to retail investors in May, so the new notes will open up its property investment … Read More

New rules will spark fintech innovation claims Treasury

July 19, 2017 |

NEW LAWS coming into force in January will give consumers greater control over their bank data, the Treasury has announced.

A new regulatory regime is to be introduced for fintech firms, which the government says will allow users to manage … Read More

Zopa sees 35pc rise in home improvement loan originations

July 19, 2017 |

ZOPA said it has seen a 35 per cent year-on-year increase in home improvement loan originations in the first half of 2017, equating to over £92m in funding.

The world’s oldest peer-to-peer lender said on Wednesday that it has now … Read More

Bud and Growth Street among Nesta fintech prize winners

July 19, 2017 |

FINANCIAL management app Bud and peer-to-peer lender Growth Street are among the 20 winners of Nesta’s £5m fintech prize.

The Open Up Challenge, launched by the innovation foundation, was designed to encourage fintech firms to create apps and tools to … Read More

LandlordInvest shifts IFISA admin to Goji as it hits half a million mark

July 19, 2017 |

LANDLORDINVEST has attracted more than half a million pounds into its Innovative Finance ISA (IFISA) since launch, the peer-to-peer platform has revealed.

Filip Karadaghi, chief executive of the buy-to-let specialist, said around 80 lenders have placed £548,035 into the property-backed … Read More