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Peer2Peer Finance News | August 21, 2017

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FCA authorisation

Blend Network launches with vow to be the “Goldman Sachs of P2P”

July 28, 2017 |

A NEW peer-to-peer lending platform has launched, with the aim of becoming the “Goldman Sachs of P2P”.

Blend Network will offer asset-backed property loans to retail and high-net-worth individuals, as well as hedge funds and other institutional investors. P2P specialist … Read More

FCA applications have cost the P2P sector up to £2m

July 5, 2017 |

THE FINANCIAL Conduct Authority (FCA) has pocketed up to £2m from full authorisation of the peer-to-peer lending sector, figures suggest.

A freedom of information request by Peer2Peer Finance News shows that the City watchdog has considered 146 applications for full … Read More

Zopa launches IFISA with charge-free July offer

June 16, 2017 |

ZOPA officially unveiled its Innovative Finance ISA on Thursday, which is initially available solely to existing investors to head off a lender-borrower imbalance.

The UK’s oldest peer-to-peer platform is soft-launching its new tax-free-wrapper, which marks the debut foray of a ‘big … Read More

Zopa clarifies coverage ratios ahead of Core account launch

June 9, 2017 |

ZOPA has clarified the expected implications of phasing out of its provision fund as it prepares to launch Zopa Core on Thursday, a new account which will not be backed by the fund.

On 15 June, the peer-to-peer platform’s target date … Read More

FCA approval is no longer a three-horse race

May 11, 2017 |

AFTER an arduous 18-month process, Zopa became the first of the ‘big three’ peer-to-peer platforms to gain full approval from the Financial Conduct Authority (FCA) on Thursday, paving the way for the launch of its Innovative Finance ISA (IFISA).

The long-awaited … Read More

Folk2Folk wins full FCA authorisation

December 7, 2016 |

FOLK2FOLK has become the latest peer-to-peer finance platform to win full authorisation from the Financial Conduct Authority (FCA).

The Cornwall-headquartered business lender now hopes to be able to offer its Innovative Finance ISA (IFISA) before the end of the tax year, pending HMRC … Read More