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Peer2Peer Finance News | February 18, 2019

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Industry News

P2P and bank tech provider Mambu raises £26m to fuel growth

February 18, 2019 |

FINANCIAL software provider Mambu has raised €30m (£26m) in its latest funding round which it hopes will allow it to grow revenues sixfold.

Mambu develops cloud technology to power financial companies from top-tier banks to newer digital lenders. Its clients … Read More

New P2P lender aims to disrupt the credit card market

February 18, 2019 |

A NEW peer-to-peer lender is set to launch with the aim of disrupting the credit card market.

Elfin Market will offer consumers a line of credit with the same flexibility as a credit card but with much lower interest rates.

Read More

ThinCats secures first funding line from British Business Bank

February 18, 2019 |

THINCATS has joined a select group of peer-to-peer lenders that have received funding commitments from the British Business Bank (BBB).

The peer-to-peer business lender unveiled the new £20m funding line on Monday, which will be provided by British Business Investments … Read More

SMEs look to alternative funders in case of no-deal Brexit

February 15, 2019 |

SMALL businesses are looking at alternative lenders to solve their cashflow issues in the event of a no-deal Brexit, according to small- and medium-sized enterprise (SME) funding platform Swoop.

Andrea Reynolds, chief executive and co-founder of Swoop, told Peer2Peer Finance … Read More

New P2P lender to use car finance model to help renters

February 14, 2019 |

A NEW peer-to-peer lender is set to launch, connecting investors with people looking to rent or buy property without a large deposit.

BunceCrowd’s investors will respond to ‘elevator pitches’ from potential borrowers seeking cash for their dream home.

The platform … Read More

ThinCats expands into Sheffield with new hire

February 14, 2019 |

BUSINESS lender ThinCats has continued its UK-wide expansion with a new office in Sheffield which will be the base for the platform’s newly-appointed head of sales, Mike Hackett.

Hackett will lead ThinCats’ business development team across the UK. He has … Read More

Zopa names new P2P chief and chairman

February 14, 2019 |

ZOPA has promoted Natasha Wear to chief executive of its peer-to-peer business, amid a boardroom reshuffle that will see Zopa co-founder Giles Andrews step down as chairman.

Wear, who was most recently Zopa’s head of investment products, has helped develop … Read More

Use it or lose it! Four new IFISAs to consider this tax year

February 13, 2019 |

WITH less than two months left to the end of the tax year, make sure you don’t forget to use your tax-free ISA allowance.

Savers can allocate all or some of this tax year’s £20,000 to an Innovative Finance ISA … Read More

Direct lenders could face ‘test’ in 2019

February 13, 2019 |

DIRECT lenders and other debt providers could face their first major test if the market enters a downturn this year, new research has claimed.

In its annual leveraged loan report, law firm White & Case predicted that rising default rates … Read More

Landbay steps up retail marketing in 2019

February 13, 2019 |

LANDBAY is renewing its focus on the retail investor in 2019 and is also looking to diversify its array of institutional funders.

The buy-to-let peer-to-peer lender has spent the last 18 months focused on scaling up the business, boosted by … Read More