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Peer2Peer Finance News | May 26, 2019

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Greg Carter

Growth Street in dispute over Open Banking data

May 23, 2019 |

GROWTH Street has defended its methodology that found UK banks had recorded a rising number of Open Banking outages in the first quarter of this year.

The peer-to-peer business lender has claimed that small- and medium-sized enterprises (SMEs) are missing … Read More

Growth Street launches IFISA

May 21, 2019 |

GROWTH Street has launched its Innovative Finance ISA (IFISA), which offers higher returns but less liquidity than its classic product.

The peer-to-peer business lender has informed its customers of the new tax wrapper and confirmed that it will offer a … Read More

Growth Street revolving credit loanbook hits £450m

May 9, 2019 |

GROWTH Street investors have backed £450m of revolving credit facilities, the peer-to-peer business lending platform has revealed.

The platform said it has provided £80m of funding since launch in 2014, with £30m still under management.

These numbers only include the … Read More

What is the best provision fund structure?

May 8, 2019 |

PROVISION FUNDS are designed to cover peer-to-peer investors in the event that a borrower defaults on their loan, but the way they are funded and operated varies widely across platforms. So what should investors be looking for and is there … Read More

Growth Street sees lack of alternative finance awareness in Wales

April 23, 2019 |

GROWTH Street has warned that Welsh small- and medium-sized enterprises (SMEs) are limiting their finance options.

A poll by the peer-to-peer business lender has revealed that only 27 per cent of Welsh businesses have considered a source of business finance other … Read More

Growth Street reveals details of IFISA ahead of launch

April 17, 2019 |

GROWTH Street has revealed details of its Innovative Finance ISA (IFISA) ahead of its imminent launch.

The peer-to-peer business lender said that its tax wrapper will offer a fixed rate of 5.8 per cent with a one-year term.

It will … Read More

SME alternative finance knowledge on the rise

April 15, 2019 |

INCREASING numbers of UK small- and medium-sized enterprises (SMEs) are aware of alternative finance options but peer-to-peer lender Growth Street is warning of a knowledge gap in the Midlands.

The latest annual survey of 2,000 small firms by the business … Read More

Platforms call for time extension to Open Banking consents

April 10, 2019 |

PEER-TO-PEER lenders are calling for a change to Open Banking rules to make it easier to access borrowers’ financial data for the duration of a loan term.

Under the current framework of the data-sharing initiative, borrowers can grant alternative lenders … Read More

Manchester’s small businesses turn to alternative finance

April 8, 2019 |

MANCHESTER-BASED small businesses are more likely to turn to alternative finance providers for funding compared with firms elsewhere in the country, new research has found.

A survey of 222 businesses in the North West by peer-to-peer lender Growth Street revealed … Read More

Small business awareness of alternative finance options is on the rise

April 1, 2019 |

INCREASING numbers of businesses are looking beyond their bank for finance.

An annual poll of 2,000 directors of small- and medium-sized enterprises (SMEs) by peer-to-peer business lender Growth Street found the proportion of firms that have considered non-bank finance has … Read More