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Peer2Peer Finance News | September 18, 2019

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Funding Circle

Funding Circle nears one-year anniversary of London float

September 17, 2019 |

FUNDING Circle is coming up to its one-year anniversary as a publicly-listed company, after an eventful 12 months which has seen its share price plummet to less than a third of its offer price.

The peer-to-peer business lender began conditional … Read More

New finance council launched to help SMEs ahead of Brexit

September 5, 2019 |

A NEW business finance council has been set up by the government, to support small- and medium-sized enterprises (SMEs) ahead of Brexit.

The UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury on Thursday announced the creation … Read More

Funding Circle dropped from FTSE 250

September 5, 2019 |

THE UK’S only listed peer-to-peer lender Funding Circle has been dropped from the FTSE 250 index.

The business lender was among the nine firms that were demoted from the capitalisation-weighted index in the latest quarterly reshuffle, alongside guarantor loans provider … Read More

P2PGI blames writedowns and Funding Circle bad debts for poor July

September 3, 2019 |

P2P GLOBAL Investments has blamed writedowns in the value of two equity stakes and bad debts from Funding Circle for a “disappointing” performance in July.

The alternative finance-focused investment trust delivered a 0.33 per cent NAV return for the month … Read More

IFISA market breaks £1bn barrier after Funding Circle confirms intake

September 3, 2019 |

THE INNOVATIVE Finance ISA (IFISA) market is officially worth more than £1bn, after Funding Circle confirmed that it has attracted £250m into its tax wrapper.

Earlier this year, the Tax Incentivised Savings Association (Tisa) told Peer2Peer Finance News that the … Read More

Funding Circle hiring for global platform development

August 30, 2019 |

FUNDING Circle is looking to bolster its engineering team to build a “new, future proof” global platform for its borrowers.

“We’re focused on building out a new, future proof, platform to support the ‘originations’ domain of our business – which … Read More

Funding Circle added to FTSE4Good Index Series

August 29, 2019 |

FUNDING Circle has been added to the FTSE4Good Index Series, which recognises companies with high standards of corporate governance.

The FTSE4Good Index Series, which is managed by the global index and data provider FTSE Russell, provides investors with a transparent … Read More

Funding Circle hits $10bn lending milestone

August 15, 2019 |

FUNDING Circle has hit a major milestone after lending $10bn (£8.3bn) to small businesses globally through its platform.

Since its launch in 2010, Funding Circle has lent money in the UK, US, Germany and the Netherlands, contributing $2 to GDP … Read More

Funding Circle sees uncertainty in core markets

August 8, 2019 |

FUNDING Circle is seeing uncertainty in its core markets in the US and Europe but is still anticipating higher returns for loans taken out in the first half of 2019.

The peer-to-peer lender’s chief risk officer Jerome Le Luel flagged … Read More

Funding Circle embarks on £164m US securitisation

August 8, 2019 |

FUNDING Circle is securitising some of its US loans for the very first time.

This will be the fifth time that the publicly-listed peer-to-peer business lender has gone to the debt capital markets but the first time it has done … Read More