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Peer2Peer Finance News | January 17, 2019

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Funding Circle

Funding Circle’s UK loanbook hits £4bn

January 17, 2019 |

FUNDING Circle’s UK loanbook has passed the £4bn mark after a bumper fourth quarter.

A fourth-quarter update from the FTSE 250-listed peer-to-peer business lending platform showed that UK investors have now funded £4.6bn of loans between 2012 and 2018.

It … Read More

RateSetter reaches £3bn lending landmark

January 15, 2019 |

RATESETTER has joined the £3bn lending club.

It is the last of the ‘big three’ peer-to-peer lenders – comprising Zopa, Funding Circle and RateSetter – to reach the milestone and it comes after it originated more than £700m of new … Read More

P2P set for fundraising boom in 2019

January 2, 2019 |

INVESTORS could be set to benefit from another bumper year of equity fundraisings in the peer-to-peer lending sector.

P2P lenders raised more than £10m through crowdfunding platforms last year to boost their technology and operations, while almost £2bn was ploughed … Read More

Funding Circle’s share price plunges after Citi downgrade

December 20, 2018 |

FUNDING Circle’s share price plummeted on Thursday after Citigroup analysts cut their recommendation to ‘sell’ and halved their price target on the stock.

The recently-floated peer-to-peer lender saw its shares fall by 25 per cent in the morning and were … Read More

Funding Circle’s chief risk officer confident in global outlook

December 13, 2018 |

FUNDING Circle’s chief risk officer has underlined his confidence in the economic environment for small businesses in the peer-to-peer lender’s four markets, but noted that rising consumer insolvencies in the UK had trickled through into some of its loans.

Jerome … 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

Funding Circle prepares overseas target shortlist

December 10, 2018 |

FUNDING Circle has a shortlist of five countries it is interested in expanding into, its chief strategy officer has revealed.

The peer-to-peer business lending giant already operates in the UK, the US, the Netherlands and Germany. But Lisa Jacobs (pictured), … Read More

Funding Circle unveils £1bn funding line

December 7, 2018 |

FUNDING Circle has secured a new £1bn funding facility from investment firm Waterfall Asset Management.

The peer-to-peer business lender said on Friday that Waterfall will invest in £1bn of loans originated via its platform over a two-year period.

Waterfall’s investment … Read More

Funding Circle to enter FTSE 250 less than three months after IPO

December 6, 2018 |

FUNDING Circle is set to enter the FTSE 250 index less than three months after listing on the London Stock Exchange.

The peer-to-peer business lender has been promoted as part of the latest quarterly reshuffle that will see well-known brands … Read More

Funding Circle among winners of Open Banking competition

December 6, 2018 |

FUNDING Circle has been named as one of the winners of the Open Up Challenge, a prize fund for fintechs that have used Open Banking to tackle problems faced by small businesses.

The competition is run by global innovation foundation … Read More