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Peer2Peer Finance News | May 25, 2019

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Folk2Folk

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

Folk2Folk chief Giles Cross resigns

May 13, 2019 |

FOLK2FOLK has announced that its chief executive has resigned after less than 18 months in the role.

Giles Cross (pictured) joined the peer-to-peer business lender as chief marketing officer in June 2017 and was promoted to chief executive in January … Read More

Folk2Folk boosts investor rates in product overhaul

March 11, 2019 |

FOLK2FOLK has boosted its investor rates and has scrapped its Innovative Finance ISA (IFISA) arrangement fee as part of an overhaul of its product range.

The peer-to-peer lender, which offers secured business loans, said on Monday that investors can now … 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

Folk2Folk chief bullish on 2019 prospects after increased shareholder backing

January 21, 2019 |

FOLK2FOLK chief executive Giles Cross has expressed gratitude to the shareholders after a “challenging 2018” but says he is full of optimism for the next 12 months.

The peer-to-peer business lender’s latest company accounts for the 12 months to January … 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

Insolvency reforms bring secured loans into focus

December 5, 2018 |

THE TYPE of security taken by some peer-to-peer lenders has come under the spotlight amid proposed insolvency reforms.

Chancellor Philip Hammond announced in his 2018 Budget last month that HMRC would return to preferred creditor status in business insolvencies to … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

An open book

October 22, 2018 |

From the very beginning, peer-to-peer lenders have pledged to be more transparent than the banks. But will this be viable as regulation and platforms evolve? 

FROM ITS INFANCY, the peer-to-peer sector has been built on a promise to be more … Read More

Brexit to increase farmers’ demand for alternative funding

October 19, 2018 |

PEER-TO-PEER lenders could see more demand for funding from the farming industry after Brexit.

Folk2Folk, which specialises in providing finance to rural and farm businesses, said that reduced subsidies and a small pool of workers will put pressure on … Read More