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Peer2Peer Finance News | June 27, 2019

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business loans

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

Folk2Folk appoints farmer to its board as chief exec vacancy remains

June 7, 2019 |

RURAL peer-to-peer business lender Folk2Folk has appointed a farming expert to its board as a non-executive director, but there is no sign of a replacement for its chief executive Giles Cross.

Companies House documents show Graham Dingle has been named … Read More

Assetz Capital marks record month for IFISA inflows

May 24, 2019 |

ASSETZ Capital saw a record month of investor inflows into its Innovative Finance ISA (IFISA) during April.

The peer-to-peer business lender said that its tax wrapper attracted more than £13m last month, bringing its total IFISA investment up to £90m. … Read More

Folk2Folk reduces trading losses

May 24, 2019 |

FOLK2FOLK reduced its trading loss for the 12 months to January 2019 but said it was still reliant on funds from its parent company.

The peer-to-peer rural business lending platform posted a trading loss of £535,136 for the year to … Read More

Funding Circle report finds banks are still snubbing SMEs

April 29, 2019 |

BANKS are still giving small – and medium-sized enterprises (SMEs) the cold shoulder a decade on from the financial crisis, new research claims.

A report, published by Oxford Economics and peer-to-peer business lender Funding Circle, found small firms are still … Read More