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Peer2Peer Finance News | January 17, 2019

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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

Lending Works increases lender rates to fund increased originations

November 7, 2018 |

LENDING 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

Consumer credit growth hits three-year low

October 29, 2018 |

GROWTH in consumer credit has slowed to its lowest level in more than three years.

Bank of England data, released on Monday, showed that personal borrowing via loans and credit cards was up 7.7 per cent on an annualised basis … Read More

Ablrate to launch blockchain-powered secondary market

October 18, 2018 |

ASSET-BACKED lender Ablrate is developing a blockchain-powered secondary market that will eventually be accessed by multiple peer-to-peer platforms and investors across the world.

David Bradley-Ward, chief executive of Ablrate, launched a partnership with blockchain software provider ASMX, which is working … Read More

Lenders report boom in demand for unsecured credit

October 11, 2018 |

LENDERS have reported a boom in demand for unsecured credit from households but have warned supply is dwindling due to tightening criteria.

The Bank of England’s third quarter credit conditions survey asked lenders about their opinion on credit conditions and … Read More

Honeycomb buzzes about originations as NAV gets sweeter

September 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value returns (NAV) improve in August, backed by “strong origination” across all its portfolio sectors.

The alternative finance-focused investment trust posted a total NAV return of 0.67 per cent last month, up … Read More