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Peer2Peer Finance News | June 24, 2018

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Funding Options

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More

New business finance marketplace to launch in May

March 28, 2018 |

CHALLENGER bank TSB has partnered with business finance aggregator Funding Options to create a new business lending marketplace.

The new platform, which launches in May, will enable small business borrowers to compare financing options from TSB and other lenders.

Funding … Read More

FCA consults on widening SME access to Ombudsman

January 22, 2018 |

CITY watchdog the Financial Conduct Authority (FCA) has launched a consultation on whether to give more small firms access to the Financial Ombudsman, making it easier for them to resolve disputes without going to court.

The Financial Ombudsman … Read More

Getting down to business

January 15, 2018 |

Business lending is now the largest segment of peer-to-peer finance in the UK, but fierce competition for good-quality borrowers means the platforms have their work cut out. Peer2Peer Finance News delves into the industry’s plans to stay ahead of the … Read More

Nesta names winners of £5m Open Banking fintech prize

December 13, 2017 |

BUSINESS finance aggregator Funding Options and financial services app Bud have been named among the 10 winners of innovation charity Nesta’s Open Up Challenge.

The Open Up Challenge is a £5m prize fund to inspire the creation of next-generation services, … Read More

Late payments in construction sector hit five-year high

November 27, 2017 |

LATE payments to construction companies hit a five-year high in 2016, new research claims.

Business finance aggregator Funding Options analysed 13,213 UK construction businesses and found they face an average wait of 69 days for bills to be paid, up … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Competition regulator confirms P2P business lenders exempt from APR rules

August 2, 2017 |

NEW pricing rules on business loans will not apply to peer-to-peer lenders, the Competition and Markets Authority (CMA) has confirmed.

From today, all providers of unsecured loans and overdrafts worth up to £25,000 to small- and medium-sized enterprises (SMEs), will … Read More

Bud and Growth Street among Nesta fintech prize winners

July 19, 2017 |

FINANCIAL management app Bud and peer-to-peer lender Growth Street are among the 20 winners of Nesta’s £5m fintech prize.

The Open Up Challenge, launched by the innovation foundation, was designed to encourage fintech firms to create apps and tools to … Read More

Funding Options founder sees limit to P2P growth

July 7, 2017 |

THERE is a limit to how much peer-to peer lending platforms can grow, according to Funding Options’ founder Conrad Ford.

The head of the online small- and medium-sized enterprise (SME) finance aggregator told Peer2Peer Finance News that there are lots … Read More