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Peer2Peer Finance News | June 22, 2018

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Collateral collapse has far-reaching ramifications

June 21, 2018 |

Frank Wessely, partner at business advisory firm Quantuma, explains why the peer-to-peer lending industry should be thinking more seriously about platform closures in the wake of Collateral’s collapse

The outcome for investors in Collateral loans remains uncertain. BDO will be reporting … Read More

Ireland’s Linked Finance secures £44m funding from BNI Europa

June 21, 2018 |

IRISH peer-to-peer lender Linked Finance has secured €50m (£44m) in funding from Banco BNI Europa, the Portugal-based challenger bank.

BNI Europa will deploy the funds over two years to lend to Irish small- and medium-sized enterprises (SMEs).

The agreement aims … Read More

Most P2P investors do not expect a rate rise

June 21, 2018 |

THE MAJORITY of peer-to-peer investors do not expect the Bank of England to raise the base rate in the next three months, a poll suggests.

Only 25 per cent of the 1,000 investors surveyed by P2P business lender Assetz Capital … Read More

Only six per cent of Brits aware of Innovative Finance ISAs

June 21, 2018 |

THERE is considerable lack of awareness among the British population about ISA products, particularly the Innovative Finance ISA (IFISA), research shows.

A survey of 1,000 adults by Oaksmore ISA found 16 per cent of savers were not aware of any … Read More

Former MoneyThing finance director joins BWB Compliance

June 21, 2018 |

CONSULTANCY BWB Compliance has boosted its peer-to-peer lending expertise with the appointment of former MoneyThing finance director Dena Chadderton as senior adviser.

She will primarily advise firms in the fintech and asset management space, with a particular focus on the … Read More

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More

Excess cash eats into Honeycomb’s NAV returns

June 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value (NAV) returns slow in May after hitting a new high the month before.

The alternative-finance focused fund posted a NAV return of 0.56 per cent, down from 1.36 per cent in … Read More

Consumer over-indebtedness highest in London – FCA

June 20, 2018 |

THE PROPORTION of adults who are over-indebted in London is higher than in the rest of the UK, research shows.

The Financial Conduct Authority’s (FCA) Financial Lives survey found 17 per cent of Londoners are over-indebted, compared with the UK … Read More

Zopa: Bank of Mum & Dad closed for child savings

June 20, 2018 |

THE Bank of Mum and Dad appears closed when it comes to parents helping their children start saving or investing, Zopa claims.

A poll by the peer-to-peer lender found a fifth of parents are refusing to put money aside for … Read More

Octopus Choice generates £5m interest for investors

June 20, 2018 |

OCTOPUS Choice has accrued more than £5m in interest for its investors since launching in 2016, according to figures released by the peer-to-peer lending platform.

The platform, which offers loans backed by bricks and mortar, has funded more than 400 … Read More