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Peer2Peer Finance News | May 26, 2019

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Growth Street

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

Three upcoming IFISA launches to boost your tax-free savings

May 17, 2019 |

ISA SEASON may be a distant memory but there are still tax-wrapper product launches to look forward to in the coming weeks.

At least three peer-to-peer lenders are set to launch Innovative Finance ISAs (IFISA) in the near future, giving … Read More

Growth Street expands business development team

May 13, 2019 |

GROWTH Street has continued its UK-wide expansion with the appointment of a business development manager for the East Midlands.

The peer-to-peer business lending platform has appointed Samantha Fray to boost origination in the region.

Fray, who previously worked for Aldermore … 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 appoints new BDM to boost origination in Scotland

April 29, 2019 |

GROWTH Street has hired Jennifer McGuffie as business development manager for Scotland to boost its origination in the country.

The peer-to-peer business lender said on Monday that McGuffie has more than 15 years’ experience in the commercial finance space, having … 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 expands Midlands presence with new hire

April 18, 2019 |

PEER-TO-PEER lender Growth Street has hired a new business development manager for the West Midlands as it continues its UK-wide expansion.

Business finance expert Guy Jones has joined the firm’s Northern sales team, which is headed by Michael Ellis.

Jones … 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