Lending Works rebrands product suite

LENDING Works has updated its two flagship investment products with a slew of new features, in response to user demand.

Effective immediately, the peer-to-peer consumer lender’s three-year account has been renamed as the Flexible account, and it will now come … Read More

Funding Circle loanbook hits £5bn as P2PFA reveals health of the sector

FUNDING Circle’s UK loanbook passed £5bn in the first three months of the year, industry data shows.

Figures from the Peer2Peer Finance Association for the first quarter of 2019 shows Funding Circle’s cumulative loanbook hit £5.04bn as of March.

It … Read More

How banks are benefiting from P2P tech innovation

TECHNOLOGICAL innovation is a hallmark of the P2P lending sector, and one of the key things that has supported its explosive growth since 2005 when the first P2P lender came to market.

In contrast, the traditional financial services sector has … Read More

Five ways to add IFISA diversity

THIS WEEK is the busiest of the year for ISA providers and ISA savers alike. As the end of the tax year approaches, investors and savers are rushing to make the most of their annual ISA allowance, while ISA managers … Read More

Lending Works loans added to AI-powered comparison website

LENDING Works has been included on a new personal loans comparison marketplace.

The peer-to-peer lender’s product range is included on a new artificial intelligence-powered comparison website called Monevo.

Borrowers can access personal loans from more than 30 banks and alternative … Read More

Revealed! The fastest growing P2P platforms by loanbook and user base

LENDING among Peer-to-Peer Finance Association (P2PFA) members is nearing £10bn – but which P2P lending platforms are growing fastest?

There are plenty of ways to measure growth, from loanbook size, to the number of investors and borrowers.

Read more: P2PFA members … Read More

P2PFA members lent out £9.5bn with unexplained absence of MarketInvoice

FRESH data from the Peer-to-Peer Finance Association has shown that its platform members cumulatively lent out £9.5bn by the end of 2018 – a decline on the previous quarter due to the mysterious omission of MarketInvoice.

Figures from the trade … Read More

Lending Works increases minimum investment to cope with demand

LENDING Works is raising its minimum investment from £10 to £100.

The peer-to-peer consumer lender has written to investors to say the increase – taking place from 5 March – will make it easier for the platform to cope with … Read More

Orca launches multi-platform IFISA

PEER-TO-PEER aggregator Orca has launched its first ISA offering, which will allow investors to earn up to 5.3 per cent in tax-free returns by investing across multiple P2P platforms.

The Innovative Finance ISA (IFISA) includes loans from Assetz Capital, Landbay, … Read More

Competitive advantage

Peer-to-peer lenders’ innovative use of technology is what first set them apart from the banks. But as the industry matures, what are they doing to maintain their competitive edge? Danielle Levy investigates…

MORE THAN 13 YEARS have passed since the … Read More