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Peer2Peer Finance News | July 21, 2019

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Growth Street

Streets ahead

July 15, 2019 |

THE BIG GUNS IN peer-to-peer small- and medium-sized enterprise (SME) lending have been pretty successful at opening up the price and availability of both secured and unsecured loans over the past decade or so. Now, says Greg Carter, chief executive … Read More

Three quarters of SMEs fear chasing late payments

July 12, 2019 |

MOST small- and medium-sized enterprises (SMEs) are afraid to take action against a late payment, despite unpaid invoices posing a “significant” issue for their business.

According to a new white paper from the Small Business Commissioner, Paul Uppal, and business … Read More

Growth Street’s IFISA attracts £1m in just six weeks

July 8, 2019 |

GROWTH Street’s Innovative Finance ISA (IFISA) has attracted £1m in deposits in the six weeks since it was launched.

The peer-to-peer business lender said on Monday that it now has 179 investors signed up to its tax-free wrapper, which offers … Read More

Growth Street has lent out more than £500m

July 4, 2019 |

GROWTH Street has announced that it has funded more than £500m-worth of business loans, as it looks to diversify its funding channels.

The peer-to-peer business lender unveiled the milestone on Thursday, adding that it coincides with the firm’s desire to … Read More

Growth Street hiring spree snaps up three senior staff members

July 2, 2019 |

GROWTH Street has hired two senior staff members from other alternative lenders to lead its data and corporate development teams.

The peer-to-peer business lender has recruited Aaron Samuels as head of business intelligence from LendInvest and Aman Mehra has joined … Read More

Growth Street raises £10m from City investors

June 18, 2019 |

GROWTH Street has closed a £10m institutional funding round and said it will use the proceeds to improve its credit decision systems and expand its sales team.

The peer-to-peer business lender’s latest funding round was led by existing investors Merian … Read More

Growth Street pledges £60m for Scottish SMEs to address funding gap

June 12, 2019 |

PEER-TO-PEER lender Growth Street has pledged to channel £60m to SMEs across Scotland, in a bid to help tackle the funding gap left by banks.

According to Growth Street’s research, the total overdraft limit available to Scottish SMEs has been … Read More

Growth Street joins Xero Marketplace

May 30, 2019 |

GROWTH Street’s flagship lending product for small- and medium-sized enterprises (SMEs) will be made available to Xero customers thanks to a new partnership.

The peer-to-peer lender’s working capital finance solution, called GrowthLine, is now available on the Xero App Marketplace … Read More

Growth Street boss says rising deposits show savers are losing out

May 29, 2019 |

GROWTH Street’s chief executive has called for banks to inform savers of higher-yielding investment opportunities, after new figures showed a rise in deposits held in instant-access accounts.

Data from trade body UK Finance showed that personal deposits in total grew … Read More

Growth Street hits investor milestone after IFISA launch

May 28, 2019 |

PEER-TO-PEER business lender Growth Street has announced that it has attracted more than 2,500 investors to its platform.

The firm, which launched an Innovative Finance ISA last week, has now lent out more than £96m to small- and medium-sized enterprises … Read More