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Peer2Peer Finance News | June 28, 2017

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MarketInvoice, Funding Circle, Zopa, LendInvest make Fintech 250

June 27, 2017 |

MARKETINVOICE, Funding Circle, Zopa and LendInvest have made CB Insights’ Fintech 250 list for 2017, which awards the companies worldwide that are leading the transformation in financial services.

The list of 250 emerging private companies from 23 countries, which was chosen out of … Read More

Regulators urged to monitor cyber and credit risks of P2P sector

June 27, 2017 |

PEER-TO-PEER platforms can benefit markets by offering diversified sources of finance and promoting financial inclusion but they have higher levels of credit risk that need monitoring, regulators have been warned.

A report by international regulator, the Financial Stability Board (FSB), … Read More

Consumer debt rises, but most UK adults aren’t worried

June 27, 2017 |

ALMOST two thirds of UK adults said they were able to meet credit commitments without any difficulty in the second half of last year, an improvement on the previous four years, official figures have shown.

The Office for National Statistics’ … Read More

Abundance launches tidal power project for P2P investors

June 27, 2017 |

ETHICAL peer-to-peer platform Abundance has launched a new project allowing P2P investors to fund tidal power for the first time.

Atlantis Resources, listed on the alternative investment market, is looking to raise a minimum of £2m by offering a five-year … Read More

Bank of England takes action to ward off consumer credit boom

June 27, 2017 |

THE BANK of England has expressed concerns about the boom in consumer credit by increasing capital that banks must set aside for losses.

The central bank’s financial stability report showed consumer credit – credit cards, personal loans and motor finance, … Read More

Welendus trademarks AutoMatch and AutoDiversify

June 26, 2017 |

WELENDUS has trademarked the terms ‘AutoMatch’ and ‘AutoDiversify’ for use on its platform after it receives full regulatory approval.

The peer-to-peer payday lender, which wants to shake up the payday lending market by offering more reasonable interest rates, said that the … Read More

Landbay launches accounting service for landlords

June 26, 2017 |

PEER-TO-PEER lender Landbay has launched an accounting, reporting and tax compliance service to help landlords on its buy-to-let platform.

Working with an unnamed Big Four accountancy firm, users will have access to tax advice on transferring properties from an individual … Read More

Ranger Direct Lending seeks arbitration over bankrupt lender

June 26, 2017 |

THE RANGER Direct Lending investment trust has issued arbitration proceedings against one of its holdings Princeton in an effort to get more information on its exposure to a bankrupt lender.

Ranger Direct, which invests in secured business loans mainly in … Read More

SMEs’ financial health falls to lowest level in three years

June 26, 2017 |

THE CONDITIONS for UK small- and medium-sized enterprises (SMEs) deteriorated to the worst level in three years in the first quarter, new research has shown.

The inflation rate is outstripping wage growth and hampering consumer spending, while the weak pound … Read More

Mind the gap: Lendy highlights risks of direct property investment

June 24, 2017 |

PROPERTY investors are being urged to consider peer-to-peer as a way to diversify from traditional bricks and mortar after research shows a gap has emerged between typical drivers of house prices and actual residential property values.

P2P platform Lendy has … Read More