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Peer2Peer Finance News | June 26, 2019

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consumer loans

Three reasons why RateSetter should rejoin the P2PFA

June 12, 2019 |

THE Peer-to-Peer Finance Association (P2PFA) is rumoured to be open to the prospect of RateSetter returning to the self-regulatory body, but how would that help boost the organisation?

RateSetter left the P2PFA in 2017 after breaching its transparency rules following … Read More

RateSetter alters provision fund outflows calculations

June 7, 2019 |

RATESETTER has altered its method for estimating outflows from its provision fund for consumer loans.

Its previous methodology grouped consumer loans by risk, term, channel and origination to estimate performance and assess when the provision fund may be needed.

But … Read More

Four in five European P2P investors plan to allocate more funds

February 28, 2019 |

PEER-TO-PEER investors in Europe are confident in their outlook for the sector, with 80 per cent planning to put more money into P2P platforms in the next few years.

A poll of 350 investors across Europe, carried out by Latvia-based … Read More

Lending Works increases minimum investment to cope with demand

February 27, 2019 |

LENDING Works is raising its minimum investment from £10 to £100.

The peer-to-peer consumer lender has written to investors to say the increase – taking place from 5 March – will make it easier for the platform to cope with … Read More

LendingUP! 2019

February 18, 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

Zopa: Bank launch won’t impact P2P rates

December 5, 2018 |

ZOPA has insisted its peer-to-peer lending rates will not be dictated by the savings products on offer when its bank launched.

The P2P platform got its banking licence this week and is set to test its products among staff and … Read More

Loan comparison site FairMoney launches £1m fundraising campaign

November 16, 2018 |

LOAN comparison website FairMoney has launched a pre-series A funding round to raise £1m, as it looks to educate borrowers and stamp out sub-standard consumer loans.

FairMoney said the money raised will be used for “enhanced targeted customer marketing efforts, including machine … Read More

VPC Speciality Lending turnaround gathers pace

September 28, 2018 |

VPC Specialty Lending (VSL) has grown its net asset value (NAV) for the fourth consecutive month, providing further evidence that a turnaround is underway.

During August, the alternative finance-focused investment company produced an NAV return of 1.01 per cent and … Read More

From London to New Delhi! Zopa reveals where a £3bn loanbook gets you

February 5, 2018 |

ZOPA investors have funded enough car purchases to fill a traffic queue stretching from London to New Delhi, the platform claims.

The peer-to-peer lender, which reached £3bn of loans last week, has been disclosing where the funds have ended up.

Read More

Zopa hits £3bn lending landmark

January 31, 2018 |

ZOPA, the world’s oldest peer-to-peer finance platform, has hit the £3bn lending milestone.

The consumer lender, which reopened to new investors last week, said that it now has more than 60,000 active investors and more than 300,000 borrowers.

It has now … Read More