LendingUP! 2019

LendingUP! 2019

Dates: 7-8 March 2019

Location: Prague

LendingUP! is an international, pan-European meeting platform created with the aim of forging a community of experts obsessed with one passion: bringing innovation to the consumer and SME lending space.   This … Read More

Ranger warns of $13.5m hit from Princeton as it appoints new manager

RANGER Direct Lending (RDL) has revealed it expects to write off nearly half its investment in a fund run by bankrupt Princeton Alternative Funding, as it appoints a new investment manager and director.

RDL, which is in the process of … Read More

Ranger Direct raises £30m in refinancing as part of fund closure

RANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.

In connection with this process, the International MCA Platform has refinanced and paid … Read More

Leeds SMEs embrace alternative lending

LEEDS has been named as the number one location when it comes to firms seeking alternative finance.

Analysis of credit reference agency data as well as figures from the British Business Bank by peer-to-peer lender ThinCats, found that Leeds-based businesses … Read More

Write-offs and legal disputes hit Ranger returns

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, … Read More

Victory Park Capital fund’s chair steps down for health reasons

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More

Ranger Direct Lending makes cash offer to close ZDP share class

RANGER Direct Lending (RDL) has made a cash offer to holders of its zero dividend preference (ZDP) share class as part of the wind down of the beleaguered investment trust.

The alternative finance-focused fund – which has been buying back … Read More

P2P business lending breaks £2bn milestone in 2017

PEER-TO-PEER business lending volumes soared by two thirds year-on-year to surpass £2bn in 2017, according to new research.

The fifth annual UK Alternative Finance Industry Report, compiled by the Cambridge Centre for Alternative Finance (CCAF), found that transaction volumes across … Read More

Bank of England: Fintech ‘boosting UK’s financial resilience’

THE EMERGENCE of alternative finance and the growth of fintech have boosted the UK financial system’s resilience, according to the Bank of England’s deputy governor for markets and banking.

Speaking at the Society of Professional Economists’ annual conference on Friday, … Read More

Food producers see longer payment delays due to supermarket price war

SUPERMARKET price wars are leaving food producers suffering with longer payment delays, Funding Options claims.

Analysis by the UK’s top food producers by business finance aggregator Funding Options found firms in the sector are waiting 45 days to be paid … Read More