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Peer2Peer Finance News | November 25, 2017

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Innovative Finance ISAs

Relendex gains full FCA authorisation

March 28, 2017 |

RELENDEX has become the latest peer-to-peer lender to receive full authorisation from the Financial Conduct Authority (FCA), after altering its business model.

Michael Lynn, founder of Relendex, which provides bridging and development finance loans between £100,000 and £2m, said full authorisation … Read More

Proplend gains FCA approval

March 1, 2017 |

COMMERCIAL property peer-to-peer lender Proplend is the latest platform to receive full authorisation from the Financial Conduct Authority (FCA).

Brian Bartaby, chief executive of Proplend, said the firm would now apply for ISA manager status from HMRC but said it … Read More

Abundance offers two per cent sweetener to IFISA investors

February 22, 2017 |

ABUNDANCE is offering investors a two per cent return on their Innovative Finance ISA (IFISA) cash balance before 31 May, to encourage people to take advantage of their ISA allowance.

The peer-to-peer lending platform currently has no projects to lend to, … Read More

Folk2Folk to lower investment threshold for IFISAs

October 12, 2016 |

FOLK2FOLK is planning on lowering its £25,000 minimum investment threshold once it can offer the Innovative Finance ISAs (IFISAs), Peer-to-Peer Finance News has learnt.

The peer-to-peer business lender, like many of its rivals, is still awaiting full authorisation from the … Read More

Full FCA approval could be imminent for P2P lenders

October 10, 2016 |

THE PEER-TO-PEER finance industry’s arduous wait for full Financial Conduct Authority approval could be ending soon, the regulator hinted on Monday.

Some of the biggest P2P platforms, which have interim permission from the City watchdog, have been awaiting full … Read More