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Peer2Peer Finance News | June 25, 2019

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MarketInvoice: SMEs favour invoice finance over business loans for growth

June 24, 2019 |

ONLY one in 10 small- and medium-sized enterprises (SMEs) would use a traditional business loan to grow their firm, research claims.

A poll of 1,000 business owners by MarketInvoice found invoice and asset based finance were the most popular funding … Read More

Zopa finds two thirds of loan applicants are charged higher rate than advertised

June 24, 2019 |

ZOPA research has found that two thirds of loan applicants are being offered a higher rate than advertised by banks and is calling for a fairer and more transparent loan market.

The peer-to-peer consumer lender, which is launching its own … Read More

Relendex unveils new head of lending operations

June 24, 2019 |

RELENDEX has continued its hiring spree with the appointment of Claire Newman as its head of lending operations.

Newman (pictured) joins the peer-to-peer property lender from Masthaven Bank where she was head of underwriting in the short-term lending department.

“At … Read More

Funding Circle launches institutional fund backed by Merseyside Pension Fund

June 24, 2019 |

FUNDING Circle has launched a new fund that will enable institutional investors such as pension funds to lend to small- and medium-sized enterprises (SMEs).

As part of the launch, Merseyside Pension Fund will invest £30m in the new vehicle, which … Read More

Robo.cash hits 1m loans milestone

June 21, 2019 |

EUROPEAN short-term peer-to-peer lender Robo.cash has now financed one million loans.

The Latvia-based P2P lending platform said on Friday that its cumulative loanbook has a total value of €89m (£79m).

It has funded 284,400 loans in the first five months … Read More

Losses grow at Crowdstacker but its assets are on the rise

June 21, 2019 |

CROWDSTACKER’S cumulative losses since inception rose to £1.3m for the 12 months to March 2019, but it has been boosted by more share capital and cash at the bank.

The peer-to-peer business lender’s annual accounts showed it made a loss … Read More

Bank of England backs data platform to boost SME financing

June 21, 2019 |

THE BANK of England said it will consult on developing a data platform that will store financial information from small- and medium-sized enterprises (SMEs) and help them access funding.

Bank of England Governor Mark Carney said the traditional metrics for … Read More

SMEs finding it harder to access finance

June 20, 2019 |

ALMOST a third of UK small- and medium-sized enterprises (SMEs) have found it harder to access finance over the past 12 months, new research has found.

Purbeck Insurance Services commissioned a Censuswide Survey of 500 owners and directors of UK … Read More

LendingCrowd appoints first general counsel

June 20, 2019 |

LENDINGCROWD has appointed Robbie McKenzie to the newly created post of general counsel and chief risk and compliance officer.

McKenzie (pictured) joins the Scottish-based peer-to-peer lender from Pollen Street Capital where he held a similar role.

He has also held … Read More

London techies paid two thirds more than average worker in the capital

June 20, 2019 |

THE AVERAGE London tech worker’s salary rose by six per cent last year to £62,000, according to new research.

The latest annual global ‘state of salaries report’ from career marketplace Hired found that London tech workers are paid 67 per … Read More