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Peer2Peer Finance News | October 19, 2017

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ISA season

FCA approval is no longer a three-horse race

May 11, 2017 |

AFTER an arduous 18-month process, Zopa became the first of the ‘big three’ peer-to-peer platforms to gain full approval from the Financial Conduct Authority (FCA) on Thursday, paving the way for the launch of its Innovative Finance ISA (IFISA).

The long-awaited … Read More

One third of IFISA money came from transfers last year

May 9, 2017 |

AROUND one third of money placed into Innovative Finance ISAs (IFISA) on individual platforms in the previous tax year was from transfers rather than new money, figures indicate.

Platforms have suggested this shows savers are ditching low-paying cash ISAs for … Read More

Lending Works hits £50m funding mark

April 12, 2017 |

LENDING Works announced on Wednesday it has lent £50m to UK consumers, a figure it is looking to double “very soon”.

The country’s third largest peer-to-peer consumer lending platform also said that it has hit the 10,000 client milestone, ramping up both its investor and … Read More

CapitalRise closes largest fundraise to date thanks to IFISA inflows

April 4, 2017 |

PROPERTY peer-to-peer platform CapitalRise has completed its largest fundraise to date in under a week thanks to new Innovative Finance ISA (IFISA) investors, channelling £1.2m to its latest property project.

The property investment platform launched its IFISA on 13 March to offer … Read More

IFISAs: Full steam ahead!

April 4, 2017 |

PLATFORMS offering the Innovative Finance ISA (IFISA) have seen a spike in inflows in recent months, as retail investors clamour to make the most of tax-free earnings before the end of the financial year.

Crowd2Fund has seen 50 per cent … Read More

Crowd for Angels launches 2pc sweetener on IFISA funds

March 31, 2017 |

CROWD for Angels has unveiled a bonus two per cent offer on funds deposited into Innovative Finance ISA (IFISA) accounts from the opening day to 15 June.

The cash back bonus will be put into clients’ accounts as a single payment … Read More

Predictions of IFISA surge may be overly optimistic

March 30, 2017 |

PREDICTIONS that Innovative Finance ISAs (IFISAs) will attract substantial inflows amidst the falling popularity of their cash counterparts may be overly optimistic, discount investment broker Clubfinance has said.

While years of rock-bottom savings rates have caused cash ISAs to lose … Read More

UK Bond Network unveils IFISA with 1pc cashback sweetener

March 28, 2017 |

UK BOND Network joined the innovative finance ISA providers’ league on Tuesday, launching a tax-free wrapper that will offer interest rates of between seven per cent and 12 per cent per year on a minimum £5,000 investment.

The peer-to-peer bond … Read More

P2P lender predicts last-minute ISA sales boom

March 28, 2017 |

ALMOST 12 per cent of all ISA sales were clinched in the last five days of the 2016 tax year, according to analysis from HNW Lending.

The peer-to-peer lender, which launched its Innovative Finance ISA (IFISA) last week, said the … Read More

Rebuilding Society readies for IFISA launch

March 28, 2017 |

REBUILDING Society is hoping to launch its Innovative Finance ISA (IFISA) on Wednesday, to capitalise on the rush of investors eager to take advantage of tax-free earnings before the end of the financial year.

The peer-to-peer business lender gained … Read More