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Peer2Peer Finance News | February 23, 2019

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Revolut chief calls for tech visa scheme to plug Brexit skills gap

February 21, 2019 |

THE CHIEF executive of unicorn digital bank Revolut has urged the UK government to create specialised visas for technology professionals to bridge the skills gap and protect the fintech sector post-Brexit.

Revolut co-founder and former Credit Suisse trader Nik Storonsky … 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

SMEs fear impact of Brexit on cashflow

February 11, 2019 |

SMALL businesses could struggle to meet their essential running costs due to Brexit-related cashflow problems, new research suggests.

A survey of 335 UK small- and medium-sized enterprises (SMEs) conducted by insurance premium finance company Premium Credit found 45 per cent … Read More

How will P2P fare in a worst-case Brexit scenario?

February 11, 2019 |

AS PRIME Minister Theresa May goes back to Brussels in a bid to get MPs’ backing and push her Brexit deal over the line, a ‘no deal’ scenario is looming large.

While a lot of Brexit uncertainty has been priced … Read More

Sancus to start accepting euros and dollars to fund loans

February 6, 2019 |

SANCUS will start accepting euro-denominated loans within the next few months, to help it expand its investor base.

The alternative business finance provider is also planning to establish a new base in the Cayman Islands by the end of 2019, … Read More

Growth Street calls for more SME support amid Brexit pessimism

January 31, 2019 |

PEER-TO-PEER business lending platform Growth Street has called on the government to offer more support for small- and medium-sized enterprises (SMEs), after a new survey found that business optimism is waning due to Brexit fears.

In the latest quarterly CBI … Read More

Brexit blamed for slowdown in consumer lending

January 30, 2019 |

UNSECURED consumer lending has slowed to its lowest level since 2014, as Brits scale back their spending amid Brexit uncertainty.

The latest Bank of England Money and Credit statistics also found that the total number of mortgage approvals fell from … Read More

Consumers to ramp up investment in 2019 despite Brexit woes

January 15, 2019 |

INVESTORS plan to increase the amount they invest this year despite challenging market conditions, according to research by peer-to-peer property investment platform Kuflink.

A survey of 452 investors conducted in December found that the vast majority (91 per cent) plan … Read More

Flender halts cross-border lending as Brexit bites

January 4, 2019 |

DUBLIN-BASED peer-to-peer lender Flender has stopped offering loans to Irish businesses which have cross-border exposure, as the UK continues to work out the details of its exit from the EU.

Amid ongoing uncertainty over Brexit, Jeremy Davies-Betancourt, Flender’s co-founder and … Read More

Sancus tightens credit processes amid no-deal Brexit fears

December 12, 2018 |

SANCUS BMS has prepared itself for a no-deal Brexit and tightened its credit processes to protect itself from a market slowdown, its chief executive has said.

Sancus BMS, which comprises the peer-to-peer lenders Sancus Finance and Sancus Funding, sent out … Read More