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Peer2Peer Finance News | February 18, 2019

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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

China makes raft of arrests and seizes £1.2bn in P2P crackdown

February 18, 2019 |

THE Chinese authorities have arrested 62 suspects abroad and seized $1.5bn (£1.2bn) in assets from peer-to-peer platforms accused of illegal fundraising.

Around 380 P2P platforms have had assets confiscated since June in a crackdown on fraud in the space.

China’s … Read More

Does the P2P industry need advisers to market the IFISA?

February 18, 2019 |

PEER-TO-PEER lending professionals are divided on the necessity of attracting independent financial advisers (IFAs) as part of their marketing strategy.

At a recent roundtable event held by Peer2Peer Finance News, supported by Kuflink, industry stakeholders discussed the challenges and opportunities … 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

Cash ISA vs IFISA: how do returns compare?

February 14, 2019 |

IT IS close to 20 years since the cash ISA launched, helping investors to benefit from the compounding of returns tax-free.

The investment landscape has changed significantly since April 1999, particularly following the great financial crisis in 2008, which brought … 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