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Peer2Peer Finance News | June 26, 2019

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P2P soars but looming rate hikes could cool investor growth

December 8, 2016 |

PEER-TO-PEER lending has experienced stellar growth in the second half of 2016, but central bank rate hikes next year could dampen investor demand, new research has said.

Nine major UK P2P platforms lent over £278m in October, breaking the record … Read More

Late payments are killing small businesses, warns FSB

November 16, 2016 |

A CASH flow squeeze caused by late payments is costing the UK economy £2.5bn each year and causing 50,000 small firms to go bankrupt, the Federation of Small Businesses (FSB) has warned.

The trade body has blasted large companies … Read More

ArchOver extends P2P insurance contract with Coface

November 15, 2016 |

ARCHOVER has extended its agreement with credit insurer and collections company Coface for a further three years.

The peer-to-peer business lender helps facilitate fixed-term borrowing for companies secured on their accounts receivable, which are then insured. It uses this “secured … Read More

UK P2P platforms lent £2.6bn over the last year, new index reveals

November 15, 2016 |

EIGHT of the UK’s largest peer-to-peer platforms lent £2.6bn over the last year, at an average of £197m per month, according to a new index from online aggregator OFF3R.

September 2016 was the strongest month for P2P lenders, with almost £234m … Read More