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Peer2Peer Finance News | November 24, 2017

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Welendus launches new £150,000 crowdfunding campaign

November 24, 2017 |

PEER-TO-PEER payday loan platform Welendus has launched a new crowdfunding round on Seedrs this morning to raise an additional £150,000.

The lender, which raised £100,000 from investors during a Seedrs fundraise in March, has already reached … Read More

Sancus buys bosses’ stakes in Isle of Man business

November 24, 2017 |

GLI FINANCE has announced that its subsidiary Sancus BMS Group has agreed to buy directors’ remaining stakes in Sancus’ Isle of Man business to avoid conflicts of interests.

The Aim-listed alternative finance investment firm said on Friday that Sancus BMS … Read More

Zopa addresses default concerns by reforming how returns are displayed

November 24, 2017 |

ZOPA is working on improving the way long-term returns are displayed so investors do not become overly concerned with monthly defaults in their portfolio.

The peer-to-peer lender said it is working on a prototype that would show investors their current … Read More

Was the Budget boom or bust for personal finance?

November 24, 2017 |

PEER-TO-PEER lenders are split about the outcome of the Budget for people’s finances.

RateSetter said there was “a notable absence of measures to help people put away more for the future” in Wednesday’s fiscal event, but Lending Works called it … Read More

Calling all fintechs! Treasury to offer £2m prize for rental payment data solution

November 23, 2017 |

FINTECH firms, including lenders, can win a £2m prize for developing a solution for rental payment history to be recognised in credit scores and mortgage applications.

The Treasury is holding the competition, which was mentioned in Wednesday’s Budget, as part … Read More

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

Funding Circle to launch IFISA next week

November 23, 2017 |

FUNDING Circle is to roll out its Innovative Finance ISA (IFISA) to some of its existing investors from next week.

The tax wrapper will go live on Thursday 30 November, with priority given to active investors who have lent money since … Read More

Orca to unveil diversified P2P portfolios for investors

November 23, 2017 |

PEER-TO-PEER analysis firm Orca is set to launch an investment platform.

The proposition will automatically build portfolios of P2P investments across more than 50 per cent of the market.

The portfolios would include major lenders across the consumer, business and … Read More

Budget: Personal savings allowance ‘hampered’ IFISA take-up

November 22, 2017 |

TAKE-UP of the Innovative Finance ISA (IFISA) has been hampered by the personal savings allowance and the slow regulatory authorisation process, the Office for Budget Responsibility (OBR) claims.

The government’s independent public finances watchdog questioned why subscriptions for the tax wrapper … Read More

Budget: P2P lenders welcome £44bn housebuilding package and stamp duty cut

November 22, 2017 |

PROPERTY-FOCUSED peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers.

In Wednesday’s speech, Philip Hammond outlined “an ambitious plan to tackle the … Read More