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Peer2Peer Finance News | June 25, 2019

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CapitalRise secures £30m City funding line to boost lending

May 13, 2019 |

CAPITALRISE has secured a £30m institutional funding line from an unnamed financial institution.

The peer-to-peer property lender said on Monday that the “major financial institution” would fund loans alongside other investors and underwrite larger projects.

It comes as the platform’s … Read More

Lendy rejigs recoveries board just three months after it launched

April 1, 2019 |

LENDY has reshuffled its senior leadership team, as it moves to reassure investors about its progress in recovering bad debts.

The peer-to-peer property lending platform confirmed in an investor update that three members of a board established to focus on … Read More

Collateral administrator seeks further investor detail on loan exposures

March 19, 2019 |

THE ADMINISTRATOR of collapsed peer-to-peer lender Collateral has written to a ”small number of investors” to seek further clarity on their loans as it continues to reconcile the platform’s loanbook.

BDO, which took over the administration of Collateral last year, … Read More

LendingCrowd to let investors split loans on secondary market

February 25, 2019 |

LENDINGCROWD has reformed its secondary market to let investors sell loan parts rather than the whole amount they have lent.

The peer-to-peer business lending platform said self select account users can now choose how much of a loan they want … Read More

Fellow Finance breaks lending record in January

February 5, 2019 |

FELLOW Finance, the Nordic crowdfunding and peer-to-peer lending platform, financed a record €18.5m (£16.2m) of loans in January.

The platform, which recently floated on the First North Finland Market, has cumulatively lent out more than €379m and boasts more than 11,000 investors.

Read More

Ranger Direct raises £30m in refinancing as part of fund closure

January 14, 2019 |

RANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.

In connection with this process, the International MCA Platform has refinanced and paid … Read More

Crypto P2P lender introduces new tokens for collateral

January 10, 2019 |

ETHLEND has added four new crypto tokens that can be posted as collateral by borrowers on the peer-to-peer lending platform.

Users were asked to vote on new tokens to add at the end of 2018.

The winners were Selfkey, which … Read More

Lendy apologises for pace of loan repayments

December 6, 2018 |

LENDY has written to investors to apologise for repayment delays and has pledged to improve its governance, financial controls, liquidity, collections and compliance.

Investors on the peer-to-peer property lending platform have been concerned about high levels of arrears in recent … Read More

Zopa invites customers to test its banking products

December 4, 2018 |

ZOPA is inviting its current investors to start testing its banking products ahead of a full launch.

The peer-to-peer lending giant received its banking licence on 4 December and said its staff – or Zopians – will test the products … Read More

Zopa sells batch of defaulted loans to boost investor returns

November 28, 2018 |

ZOPA has sold a batch of defaulted loans to a debt collection agency, which it says will enable a faster and higher recovery for investors.

The peer-to-peer consumer lender informed its investors last week about the debt sale. It said … Read More