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Peer2Peer Finance News | March 24, 2018

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Greg Carter

New ringfencing rules will create ‘two-tier’ protection for P2P cash

March 16, 2018 |

NEW ringfencing regulations in the banking sector look set to create a two tier system of protection for peer-to-peer investors’ money before it is lent out.

P2P platforms can handle lender funds either by setting up separate client money accounts … Read More

Growth Street: SMEs let down by lack of export guidance

February 28, 2018 |

BRITAIN’S small- and-medium-sized enterprises (SMEs) are being let down by a lack of guidance on how to start exporting, Growth Street has claimed.

The peer-to-peer business lender said that the lack of information could potentially block any post-Brexit ambitions despite … Read More

Growth Street pledges funds for growing Welsh SMEs

February 1, 2018 |

PEER-TO-PEER business lender Growth Street has pledged to inject £20m into Welsh businesses over the next 12 months.

The platform is targeting key sectors of the UK such as manufacturing, wholesale and professional services as well as regions where it … 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

Digital evolution

December 11, 2017 |

Technology is at the very core of peer-to-peer lending, but is the industry in danger of losing its competitive edge?

PEER-TO-PEER lending has blossomed off the back of innovative technology and is now providing a viable alternative to mainstream financial … Read More

Growth Street hits £100m of lending and reports £22m profit boost for borrowers

November 2, 2017 |

PEER-TO-PEER business lender Growth Street has reached the £100m lending milestone and plans to lend the same amount over the next 12 months.

The platform, which offers a flexible finance product called Growthline that lets companies access capital when they … Read More

Growth Street plans to lend £50m to SMEs in the Midlands

October 26, 2017 |

PEER-TO-PEER business lender Growth Street has pledged to channel £50m to small- and medium-sized enterprises (SMEs) in the Midlands over the next 12 months.

The announcement is part of the platform’s plans to target several key sectors in 2018, including manufacturing, … Read More

Growth Street hires first chief technology officer

August 31, 2017 |

GROWTH Street has continued its hiring spree by appointing its first ever chief technology officer.

The peer-to-peer business lender has hired Nick Stevenson (pictured) to lead its technology team, where he will help to scale up the platform’s flagship product … Read More

Inflation holds steady but SMEs will still feel the squeeze

August 15, 2017 |

SMALL businesses should not get complacent after new figures showed that inflation held steady last month, industry bodies and lenders have warned.

The Consumer Price Index (CPI) came in at 2.6 per cent in July, just as it was in … Read More

Growth Street sees strong demand from millennials

May 30, 2017 |

ALMOST 40 per cent of Growth Street’s investors are under 35 years old, research from the peer-to-peer lending platform showed.

The firm, which channels funds to small- and medium-sized enterprises, said that 37.5 per cent of its retail lenders are … Read More