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Peer2Peer Finance News | August 22, 2017

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Funding Circle

Funding Circle scraps manual lending and re-jigs rates

August 21, 2017 |

FUNDING Circle is scrapping its manual lending option for investors, changing its rates and updating its terms and conditions.

The ‘big three’ peer-to-peer lender said on Monday that it will launch an updated version of its autobid and autosell lending … Read More

Do you need a degree to get into peer-to-peer?

August 17, 2017 |

THE ANNUAL university versus straight to work debate has begun after A Level results were revealed on Thursday, so do you need a degree to get into peer-to-peer lending and fintech?

Shoreditch-based recruitment consultants Give a Grad a Go says … Read More

Aegon signs deal to back Funding Circle loans

August 17, 2017 |

DUTCH insurer Aegon has enter a four-year strategic partnership with Funding Circle to fund loans through the peer-to-peer platform.

The financial services group will back £160m of loans in the first 12 months of the deal, which will help approximately … Read More

Funding Circle: Small businesses braced for higher costs after Brexit

August 15, 2017 |

MORE THAN two thirds of small businesses that import goods and services expect costs to increase when Britain leaves the European Union, Funding Circle claims.

A poll of 1,325 small business borrowers by the peer-to-peer platform found 69 per cent … Read More

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per … Read More

RateSetter in “final stages” of FCA authorisation process

August 14, 2017 |

RATESETTER believes it is in the “final stages” of reaching full authorisation after becoming the last of the main peer-to-peer lenders to be trading on interim permissions.

The platform is the last of the Peer2Peer Finance Association (P2PFA) members still … Read More

Funding Circle re-brands with “made to do more” motto

August 10, 2017 |

FUNDING Circle has unveiled a new look comprising a redesigned website logo and motto.

The peer-to-peer business lender says its aim is to become the “first choice” for small businesses and investors globally, describing the “heart of the brand” as … Read More

VC firm behind Zopa among judges at PitchIt funding competition

August 8, 2017 |

A VENTURE capital (VC) firm that backed Zopa in its early days has been named among judges for the second annual PitchIt Europe competition.

The event, taking place at the LendIt Europe conference in London from 9-10 October, allows small fintech … Read More

An IPO would add kudos to P2P but shouldn’t be a priority

August 3, 2017 |

A PUBLIC listing would boost the credibility of whichever peer-to-peer lender moves first, but would also bring a host of challenges, an investment expert has warned.

Talk of an initial public offering (IPO) from one of the main P2P players … Read More

Who will be the first £3bn P2P lender?

August 2, 2017 |

IT HAS been a busy quarter for the “big three” peer-to-peer lenders with Zopa, Funding Circle and RateSetter all reaching the £2bn lending milestone.

But who will be first to £3bn?

The latest quarterly loanbook figures from the Peer-to-Peer Finance … Read More