Lending Works
Competitive advantage
December 14, 2018 | Danielle LevyPeer-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
P2PFA member lending exceeds £10bn
December 12, 2018 | Rebecca GoodmanPEER-TO-PEER Finance Association (P2PFA) platforms have cumulatively lent out more than £10bn, according to the trade body’s latest data.
The biggest growth came from lending to small businesses, the quarterly figures revealed.
Read more: P2PFA associate TLT names Andrew Lyon as … Read More
Two P2P lenders named among fastest-growing tech firms
November 16, 2018 | Marc ShoffmanLANDBAY and Lending Works have been named among the fastest-growing technology companies in the UK.
The peer-to-peer lenders have been included in Deloitte’s UK Fast 50 – a list of the fastest-growing firms in the technology sector based on percentage … Read More
Lending Works increases lender rates to fund increased originations
November 7, 2018 | Marc ShoffmanLENDING Works has increased the rate on its five-year product in an effort to boost funds available for incoming originations.
Investors can now earn 6.5 per cent – up from six per cent previously – with the consumer peer-to-peer lender by … Read More
The Peer2Peer Finance News Power 50 2018
November 1, 2018 | P2PFN teamThe 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.
Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More
P2P returns are “hard to argue with” amid market uncertainty
October 19, 2018 | Marc ShoffmanUNCERTAINTY across global financial markets is boosting the case for peer-to-peer investment, according to Lending Works.
The peer-to-peer consumer lender said that while markets panic over a disorderly Brexit, soaring global debt, rising American interest rates and the Italian banking … Read More
Lending Works narrows losses in 2017
October 9, 2018 | Marc ShoffmanLENDING Works narrowed its losses last year, while increasing its headcount.
Small company accounts filed by the peer-to-peer consumer lender for the year ended 31 December 2017 showed a loss of £1.41m, taking its overall cumulative profit and loss account … Read More
Orca launches £500,000 crowdfunding campaign
September 17, 2018 | Marc ShoffmanORCA has opened its £500,000 crowdfunding campaign to the wider public, as it eyes European expansion for its investment platform.
The peer-to-peer analysis and investment firm launched a private Seedrs fundraising last month for existing customers to help fund its … Read More
Five ways P2P lenders can capitalise on Open Banking
August 14, 2018 | Tim EvershedTHE 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
August 8, 2018 | Emily PerrymanMORE 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