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Peer2Peer Finance News | June 20, 2018

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Funding Circle

Recent board appointments highlight gender inequality in P2P

June 18, 2018 |

TWO recent appointments have highlighted the lack of gender diversity in the UK’s peer-to-peer sector, where women still occupy a minority of roles.

In May, Funding Circle named former O2 and Tesco Mobile executive Cath Keers as its first female … Read More

Updated Crowd2Fund app includes IFISA management tools

June 15, 2018 |

CROWD2FUND has relaunched its app to include Innovative Finance ISA (IFISA) management features for investors via their smartphones.

The app, which was the first peer-to-peer debt crowdfunding platform on Apple’s App Store when it launched in 2016, will now allow … Read More

Alternative finance funds see mixed success

June 15, 2018 |

THE SHIFT away from peer-to-peer investments by some alternative lending-focused investment trusts is having mixed results.

Over the past year, P2P Global Investments (P2PGI), VPC Specialty Lending Investments and Ranger Direct Lending (RDL) have moved away from pure P2P to … Read More

How the big three shaped P2P

June 15, 2018 |

ALTHOUGH we still tend to think of peer-to-peer lending as a young sector, it is now 13 years since Zopa became the first lender in the market. It was joined five years later by Funding Circle and RateSetter and since … Read More

Platforms shift to auto-lending as demand for diversification rises

June 13, 2018 |

AN INCREASING number of peer-to-peer lending platforms are turning their attention to automated lending as investor demand for simpler and more diversified offerings increases.

Last September, Funding Circle stopped offering manual lending and shifted to an entirely auto-lending model, meaning … Read More

Funding Circle’s lending unlocked 75,000 jobs last year

June 13, 2018 |

LENDING through Funding Circle unlocked 75,000 jobs in the US and Europe last year, according to new research.

A report from economic forecasters Oxford Economics found that the business peer-to-peer platform lent $2.3bn (£1.7bn) to small- and medium-sized enterprises (SMEs) … Read More

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

Funding Circle scraps downloadable loanbook

June 7, 2018 |

FUNDING Circle has withdrawn its downloadable loanbook and stopped publishing loan performance data on a daily basis.

The peer-to-peer business lender announced on Thursday that it has launched a new statistics page which will be updated every three months.

The … Read More

BNI Europa partners with Alterest to boost loan data management

June 6, 2018 |

BANCO BNI Europa has announced a partnership with Alterest to improve its investment analytics and risk management with its credit originating partners.

The Portuguese online bank has a number of funding deals in place with peer-to-peer lenders, including Funding Circle in … Read More

Sphonic to partner with Paysafe on digital wallet services

June 5, 2018 |

DATA and risk management specialist Sphonic has been chosen to provide digital wallet services to global payments provider Paysafe Group.

Sphonic, which works with peer-to-peer lenders including Funding Circle and Zopa, supplies data networking services.

These include customer on-boarding, anti-money … Read More