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Peer2Peer Finance News | September 18, 2019

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Folk2Folk loanbook hits £300m

September 2, 2019 |

FOLK2FOLK has hit the £300m lending milestone.

The rural peer-to-peer business lender said its loanbook has enabled small businesses across a variety of sectors, including agriculture, alternative energy, leisure and tourism, hospitality and property development to grow, diversify or refinance.

Read More

Funding Circle loanbook hits £5bn as P2PFA reveals health of the sector

June 13, 2019 |

FUNDING Circle’s UK loanbook passed £5bn in the first three months of the year, industry data shows.

Figures from the Peer2Peer Finance Association for the first quarter of 2019 shows Funding Circle’s cumulative loanbook hit £5.04bn as of March.

It … Read More

Folk2Folk appoints farmer to its board as chief exec vacancy remains

June 7, 2019 |

RURAL peer-to-peer business lender Folk2Folk has appointed a farming expert to its board as a non-executive director, but there is no sign of a replacement for its chief executive Giles Cross.

Companies House documents show Graham Dingle has been named … Read More

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