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Peer2Peer Finance News | June 24, 2018

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Funding Circle SME Income Fund

Funding Circle SME Income Fund readies prospectus for new share issues

June 13, 2018 |

FUNDING Circle’s listed investment trust is planning another 12-month programme of share issues.

The Funding Circle SME Income Fund (FCIF) has provided a stock market update, revealing a new prospectus will be published to allow for an equity issue in … Read More

New reporting rules push down Funding Circle fund’s returns

May 15, 2018 |

THE Funding Circle SME Income Fund (FCIF) has reported its first drop in net asset value since 2016 after adopting new IFRS 9 reporting standards.

The new accountancy standards mean funds have to include potential losses in their portfolio. The … Read More

Funding Circle fund raises £25.5m via oversubscribed share sale

May 4, 2018 |

FUNDING Circle’s listed fund has raised £25.5m through the oversubscribed sale of treasury shares and is considering more issuances over the next few months.

Funding Circle SME Income Fund (FCIF), which is quoted on the London Stock Exchange, said on … Read More

Funding Circle’s fund unveils Citibank deal

January 17, 2018 |

FUNDING Circle’s listed fund has inked a deal with Citibank, whereby the financial institution indirectly channels £50m to small businesses through the peer-to-peer lending platform.

The transaction was announced by the Funding Circle SME Income Fund (FCIF) on Wednesday.

Under … Read More

Funding Circle SME fund size to double following C share merger

December 8, 2017 |

THE FUNDING Circle SME Income Fund (FCIF) is set to double the value of its assets after announcing plans to convert its conversion shares into the ordinary portfolio on 20 December.

The investment trust, which invests in loans on the … Read More

OFF3R launches new SIPPS portal

August 24, 2017 |

OFF3R has launched a new channel dedicated to Self Invested Personal Pensions (SIPPs), the tax-free vehicle for pension savings.

The investment aggregator’s SIPPs portal launched on Tuesday 22 August with an initial list of three pension providers: Hargreaves Lansdown, IG, … Read More

The next evolution

July 18, 2017 |

Peer-to-peer focused investment trusts have had mixed fortunes since their fruition, with some adapting their business models as a result. With many P2P platforms showing stratospheric growth, are the sector’s funds falling behind?

THE PEER-TO-PEER SECTOR has changed dramatically in … Read More

Funding Circle fund on track but warns of Brexit risks

July 14, 2017 |

FUNDING Circle’s listed fund performed in line with expectations in its first full year of operation, which saw its net asset value increase by 11 per cent to £164.8m.

The Funding Circle SME Income Fund, which is quoted on the … Read More

P2P fund share issues boost investment trust sector

July 13, 2017 |

FUNDRAISINGS by Honeycomb and the Funding Circle SME Income Fund (FCIF) helped push share issues to record levels in the investment trust sector for the first half of 2017.

Secondary issuances raised £3.3bn in the first six months of the … Read More

How has the P2P sector fared in the year since the Brexit vote?

June 23, 2017 |

IT IS often said that a week is a long time in politics, so there has been plenty of scope for change in the 12 months since the controversial vote to leave the European Union.

The peer-to-peer lending sector has … Read More