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Peer2Peer Finance News | April 27, 2017

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Industry News

Kuflink gains FCA approval

April 27, 2017 |

KUFLINK is the latest peer-to-peer platform to gain Financial Conduct Authority (FCA) authorisation, paving the way for the launch of its Innovative Finance ISA (IFISA).

The property lender is planning to apply to HMRC for ISA manager status imminently and … Read More

UK fintechs shrug off Brexit as investment soars

April 27, 2017 |

FINTECH investment between the UK and mainland Europe surged to a two-year high in the first quarter of 2017, shrugging off political uncertainty across the region.

Research from accountancy firm KPMG found that mainland Europe provided $212m (£164m) to … Read More

CEO of P2P lender blames “unwelcome developments” for IFISA delays

April 27, 2017 |

THE FOUNDER and chief executive of JustUs has said that the peer-to-peer lender’s Innovative Finance ISA (IFISA) is on track to launch in the third quarter, but claimed that the influx of institutional money into the sector has contributed to … Read More

Metro Bank scales back unsecured consumer lending

April 27, 2017 |

METRO Bank, the challenger lender that partnered with Zopa, is steering clear of unsecured consumer finance as it sees it as highly uneconomical at the moment, its chief executive has said.

The firm, which announced a tie-up with the UK’s largest and oldest P2P platform … Read More

Lendable partners with money app Pariti

April 26, 2017 |

LENDABLE has partnered with personal finance app Pariti, which will give the online consumer lender access to a wider range of potential customers.

Lendable, which connects institutional, sophisticated and high-net-worth investors with individual borrowers, is the second lender to … Read More

P2PFA members lent out more than £1bn in first quarter

April 26, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) members – including new entrant Folk2Folk – lent out more than £1bn in the first quarter of 2017.

The nine P2P platforms – Zopa, RateSetter, Funding Circle, Landbay, LendInvest, Lending Works, MarketInvoice, ThinCats and Folk2Folk … Read More

Collateral to launch P2P app for investors and borrowers

April 25, 2017 |

COLLATERAL is launching an app that it says will set it apart from other peer-to-peer lenders and help it compete better with banks.

The peer-to-peer pawnbroker, which offers investors annual returns of up to 12 per cent, said that … Read More

P2PGI keeps NAV growing through UK asset-backed market

April 25, 2017 |

P2P GLOBAL Investments (P2PGI) continued to shore up its finances in March, posting a 0.55 per cent increase in net asset value, from 0.38 per cent in February, which brings first-quarter growth to 1.17 per cent.

The P2P investor’s shift … Read More

Assetz Capital to launch property-only and longer-term accounts

April 25, 2017 |

ASSETZ Capital is launching two new investment accounts to capitalise on the surge of demand it has experienced on both the investor and the borrower side.

The peer-to-peer lending platform is expanding its account range to seven offerings, adding a longer-term … Read More

Assetz Capital hits £240m of lending in four years

April 21, 2017 |

ASSETZ Capital hit its fourth anniversary with £240m lent to date and a plan to double that figure over the next 12 months.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises (SMEs) and small property developers, confirmed on … Read More