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Peer2Peer Finance News | July 23, 2019

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Crowdstacker

Two directors leave Crowdstacker board

July 18, 2019 |

TWO OF Crowdstacker’s directors have resigned from the company’s board, leaving the peer-to-peer platform’s founder and chief executive, Karteek Patel, as the last remaining director.

Mark Bristow and Julian Turnbull were both recorded as having had their directorial appointments terminated … Read More

Crowdstacker unveils plans for auto-switching savings product

July 10, 2019 |

CROWDSTACKER is set to launch a savings account switching service that promises to end the “loyalty penalty” by automatically moving cash to get better interest rates.

The peer-to-peer lender has unveiled a new service called Kepe that will move a … 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

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

Crowdstacker appoints credit committee chairman

April 3, 2019 |

CROWDSTACKER has hired former RBS senior corporate director Ken Hillen as its new credit committee chairman.

The peer-to-peer business lender announced the new appointment on Wednesday. Hillen has spent 40 years working in the financial services sector, having previously held … Read More

Crowdstacker’s Amicus investors “will be repaid in full”

March 6, 2019 |

ADMINISTRATORS have confirmed that Crowdstacker investors will be repaid in full for a £15.3m loan which has gone into default.

The loan – the largest that has been made on the platform so far – was made to property finance … Read More

P2PFA members lent out £9.5bn with unexplained absence of MarketInvoice

March 6, 2019 |

FRESH data from the Peer-to-Peer Finance Association has shown that its platform members cumulatively lent out £9.5bn by the end of 2018 – a decline on the previous quarter due to the mysterious omission of MarketInvoice.

Figures from the trade … Read More

Crowdstacker investors in disarray over recovery of £7.5m bad loan

March 1, 2019 |

CROWDSTACKER investors have criticised the peer-to-peer lending platform, amid concerns that it may struggle to recover funds from a secured loan that went into default.

Assets owned by the bankrupt borrower’s subsidiaries were sold without Crowdstacker’s agreement, with the proceeds … Read More

Seedrs reports record year after flurry of P2P fundraises

January 7, 2019 |

CROWDFUNDING platform Seedrs raised a record-breaking £195m in 2018, during a year which saw the equity investment site become more and more popular with peer-to-peer lenders.

Seedrs reported that it saw 186 successful pitches in 2018, including 28 fundraises in … Read More

P2PFA member lending exceeds £10bn

December 12, 2018 |

PEER-TO-PEER Finance Association (P2PFA) platforms have cumulatively lent out more than £10bn, according to the trade body’s latest data.

The biggest growth came from lending to small businesses, the quarterly figures revealed.

Read more: P2PFA associate TLT names Andrew Lyon as … Read More