Five ways P2P lenders can capitalise on Open Banking

THE POTENTIAL of Open Banking is both huge and largely untapped so the onus is on peer-to-peer lenders to capitalise on it in order to attract new customers, give more services to existing customers and grow their businesses.

The Open … Read More

Lenders gear up for Open Banking revolution

MORE peer-to-peer lenders have revealed how they propose to capitalise on the opportunities presented by Open Banking.

David Bradley-Ward, chief executive of Ablrate, told Peer2Peer Finance News the secured business lender wants to automate some of the functions that are … Read More

Widespread variation in access to secondary markets

THE TIME it takes to fund and exit loans on the secondary market varies considerably across peer-to-peer lenders, research by Peer2Peer Finance News has found.

Lenders claim secondary markets enhance liquidity for investors, but on some platforms it can take … Read More

Lending Works calls for BoE rate hike

LENDING Works has urged the Bank of England to raise interest rates next month.

The peer-to-peer consumer lender said that “it is high time for some rebalancing” to help savers “who continue to see their money fall in real terms”.

… Read More

Other people’s money

Consumer lending is a cornerstone of peer-to-peer finance, but with fears of a personal debt crisis and fierce competition, should platforms be worried? 

PEER-TO-PEER lending is a pretty diverse sector, with dozens of platforms out there offering everything from domestic … Read More

Lending Works secures £2.8m private equity investment

LENDING Works has received £2.8m of private equity funding.

The capital raise  was led by UK private equity house Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity.

The proceeds will be used to … Read More

A guide to liquid IFISAs

IN THE world of finance, liquidity always comes at a cost. Instant access savings accounts pay less than fixed-term accounts, and most investment platforms deter withdrawals by charging hefty transaction fees. The world of peer-to-peer lending is not much different. … Read More

Revolut adds new cryptocurrencies to its savings platform

MONEY management app Revolut has added two new cryptocurrencies to its platform.

The current account app, which lets users conduct a range of transactions such as applying for a Lending Works loan or transferring currencies and moving money abroad, will … Read More

Lending Works passes £100m lending milestone

LENDING Works has passed its £100m lending milestone, doubling its year-on-year growth.

The peer-to-peer platform consumer finance platform had lent £100,099,590 by Monday 9 April, with consumer lenders allocating an average amount of £19,339. On Monday morning there were more … Read More

Orca launches P2P investment platform

A NEW peer-to-peer investment platform has launched, enabling investors to diversify across multiple providers.

The new offering, from P2P analysis firm Orca, aims to make the investment process easier and quicker by doing the due diligence on the behalf of … Read More