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Peer2Peer Finance News | August 25, 2019

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business loans

Rebuildingsociety mulls favouring borrowers with recession experience

August 20, 2019 |

REBUILDINGSOCIETY is considering revising its credit risk model to favour borrowers with experience of previous recessions.

The move comes amid rising concerns of an economic downturn stemming from a no-deal Brexit as well as the prospect of global trade wars.

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ThinCats: Alternative lenders are more ‘revolutionary’ than challenger banks

July 26, 2019 |

CHALLENGER banks are not necessarily a panacea for small- and medium-sized enterprise (SME) lending, ThinCats has warned.

The peer-to-peer business lender said that challenger banks may be held up as an innovative alternative to high street banks, but are still … Read More

Crowdstacker appoints James Blower to help launch ‘game changing product’

July 3, 2019 |

CROWDSTACKER has appointed James Blower, founder of The Savings Guru, as an advisor to its board to assist with product development.

Blower will help the peer-to-peer business lender develop and launch a suite of new services, including what he called … Read More

Funding Circle halves revenue growth forecast

July 2, 2019 |

FUNDING Circle has cut its growth forecasts for 2019 due to economic uncertainty and lower demand for its business loans.

The publicly-listed peer-to-peer business lender said in a half-year update that it is anticipating revenue growth of around 20 per … Read More

Funding Circle set for its largest ever securitisation

June 25, 2019 |

DEUTSCHE Bank has unveiled more details on Funding Circle’s fourth securitisation, revealing it will be the highest-value package of loans it has offered so far.

The investment bank, which has been mandated as sole arranger and lead manager, said the … Read More

MarketInvoice: SMEs favour invoice finance over business loans for growth

June 24, 2019 |

ONLY one in 10 small- and medium-sized enterprises (SMEs) would use a traditional business loan to grow their firm, research claims.

A poll of 1,000 business owners by MarketInvoice found invoice and asset based finance were the most popular funding … Read More

Losses grow at Crowdstacker but its assets are on the rise

June 21, 2019 |

CROWDSTACKER’S cumulative losses since inception rose to £1.3m for the 12 months to March 2019, but it has been boosted by more share capital and cash at the bank.

The peer-to-peer business lender’s annual accounts showed it made a loss … Read More

Bank of England backs data platform to boost SME financing

June 21, 2019 |

THE BANK of England said it will consult on developing a data platform that will store financial information from small- and medium-sized enterprises (SMEs) and help them access funding.

Bank of England Governor Mark Carney said the traditional metrics for … Read More

Funding Circle set for fourth securitisation

June 17, 2019 |

FUNDING Circle is getting set for the fourth securitisation of a package of its small- and medium-sized enterprise (SME) loans.

A statement from Deutsche Bank said it has been mandated as arranger and lead manager for SBOLT 2019-2, a transaction … Read More

MoneyThing lowers P2P investor rates as it shifts to less risky loans

June 17, 2019 |

MONEYTHING is planning to lend to less risky businesses to attract a wider pool of investors.

The manual peer-to-peer business lending platform said it was not sustainable to focus purely on the higher risk/return side of the market and thus … Read More