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Peer2Peer Finance News | August 23, 2017

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ThinCats plans staggered IFISA roll-out before end of 2017

August 23, 2017 |

THINCATS is preparing to launch its Innovative Finance ISA (IFISA) before the end of the year, with priority given to its existing investors who have registered for the tax-free wrapper.

Earlier this month, ThinCats received full authorisation from the Financial … Read More

RateSetter in “final stages” of FCA authorisation process

August 14, 2017 |

RATESETTER believes it is in the “final stages” of reaching full authorisation after becoming the last of the main peer-to-peer lenders to be trading on interim permissions.

The platform is the last of the Peer2Peer Finance Association (P2PFA) members still … Read More

ThinCats gains FCA approval, paving way for IFISA launch

August 8, 2017 |

THINCATS has received full authorisation from the Financial Conduct Authority, paving the way for the launch of its Innovative Finance ISA.

The peer-to-peer business lender announced the news on Tuesday and said it is planning to launch its tax-free wrapper, … Read More

LendingCrowd offers cashback incentive

August 4, 2017 |

LENDINGCROWD has launched a £150 cashback offer to investors when adding £2,500 or more amid surging demand from borrowers for business loans.

The offer, which runs until 31 August, is available to new and existing investors and can be used … Read More

Consumer credit firms “less satisfied” with regulator

August 4, 2017 |

CONSUMER credit firms have a lower awareness of the objectives of the Financial Conduct Authority compared with other regulated businesses.

An annual survey on perception of the regulator, compiled by the City watchdog, found 71 per cent of consumer credit … Read More

FCA extends credit assessment rules for P2P platforms

July 31, 2017 |

THE FINANCIAL Conduct Authority (FCA) is proposing widening the scope of affordability assessments for peer-to-peer platforms as part of a wider review of the high-cost credit sector.

A consultation released by the City watchdog on Monday morning said there was … Read More

Rebuildingsociety reassures investors over account security

July 28, 2017 |

REBUILDINGSOCIETY has been allaying investor concerns after withdrawals on the platform were sent to users under a different account name.

Investors withdrawing funds from the peer-to-peer business lending platform yesterday saw the money sent from Huddle Capital, prompting confusion on … Read More

Lendy loan book soars by three quarters in first half of 2017

July 24, 2017 |

LENDY has grown its loan book from £80m to £322m in the first half of the year, while interest earned by investors has already surpassed the 2016 total.

The peer-to-peer property platform has released its half-year review, showing lenders gained … Read More

Zopa signs up to artificial intelligence credit scorer Aire

July 21, 2017 |

ZOPA is among the first consumer lenders to partner with a newly-formed credit scorer using artificial intelligence rather than traditional methods to help assess borrowers.

Rather than lenders relying on traditional credit scores from mainstream agencies, Aire conducts an interactive … Read More

LandlordInvest reaches £1m lending milestone

July 17, 2017 |

BUY-TO-LET peer-to-peer platform LandlordInvest has passed the £1m lending milestone.

The property lender, which launched in December 2016, has amassed 700 investors and completed six loans over the past seven months.

Filip Karadaghi, chief executive of LandlordInvest, said while there … Read More