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Peer2Peer Finance News | July 23, 2019

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Funding Circle

Alternative lenders embark on new securitisation deals

July 22, 2019 |

THE ALTERNATIVE lending sector is seeing a new wave of securitisations, as platforms look to tap the debt capital markets for cash.

Online property finance marketplace LendInvest completed its debut securitisation last month, packaging up £259m of UK buy-to-let mortgage … Read More

European banking watchdog calls for more domestic P2P regulations

July 19, 2019 |

THE European Banking Authority (EBA) has called for proposed cross border peer-to-peer lending and crowdfunding regulations to go further to protect consumers.

The European Parliament is currently considering proposals to create a single market-wide crowdfunding licence that will allow platforms … Read More

Orca warns against undue focus on P2P profits

July 19, 2019 |

PEER-TO-PEER aggregator and analyst Orca has jumped to the defence of Funding Circle, warning the platform’s fortunes shouldn’t be held up as a sign of the overall health of the sector.

Funding Circle halved its revenue growth forecasts earlier this … Read More

What will the appropriateness test actually look like?

July 17, 2019 |

IT’S OFFICIAL – the Financial Conduct Authority (FCA) will soon make it mandatory for all peer-to-peer platforms to introduce an “appropriateness test” for new investors.

The purpose of the test will be to weed out any unsuitable lenders, and any … Read More

What is P2P car finance?

July 15, 2019 |

PEER-TO-PEER car finance has been on the rise in recent years, but in a sector where investors are more used to investing in business or property loans, what can car finance loans do differently?

P2P car finance is a fast-growing … Read More

Ratings agency backs Funding Circle’s tightening of credit standards

July 9, 2019 |

FUNDING Circle’s decision to apply higher credit standards to its lending will sacrifice growth in favour of higher quality loans, according to Canadian credit rating agency DBRS.

The publicly-listed peer-to-peer lender recently downgraded its outlook for loan growth due to … Read More

Funding Circle launches European SME fund

July 8, 2019 |

FUNDING Circle has launched its first euro-denominated fund, providing institutional investors with the opportunity to fund German and Dutch small- and medium-sized enterprise (SME) loans.

The publicly-listed peer-to-peer business lender is aiming to raise at least €200m (£179m) for the … Read More

Funding Circle halves revenue growth forecast

July 2, 2019 |

FUNDING Circle has cut its growth forecasts for 2019 due to economic uncertainty and lower demand for its business loans.

The publicly-listed peer-to-peer business lender said in a half-year update that it is anticipating revenue growth of around 20 per … Read More

Funding Circle inks £45m funding line from Nordic lender Avida

June 26, 2019 |

FUNDING Circle has secured a €50m (£44.7m) funding line from Nordic lender Avida Finans AB to support small businesses in Germany and the Netherlands.

Avida will lend the €50m through the peer-to-peer lender’s German and Dutch platforms over a nine-month period, … Read More

Funding Circle set for its largest ever securitisation

June 25, 2019 |

DEUTSCHE Bank has unveiled more details on Funding Circle’s fourth securitisation, revealing it will be the highest-value package of loans it has offered so far.

The investment bank, which has been mandated as sole arranger and lead manager, said the … Read More