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Peer2Peer Finance News | August 17, 2019

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Growth Street

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

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