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Peer2Peer Finance News | September 18, 2019

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MarketInvoice

Barclays loans contribute to widening losses at MarketInvoice

September 13, 2019 |

MARKETINVOICE saw its losses widen to £4.72m last year, due to a £1.17m interest bill for loans and convertible loan notes.

The invoice finance and business loans provider reported an overall loss of £4.72m for the 12 months to 31 … Read More

Barclays begins deploying funding through MarketInvoice

September 6, 2019 |

BARCLAYS has begun deploying funding directly through the MarketInvoice lending platform as the fintech-bank partnership struck in 2018 matures.

“Barclays is now also deploying their funding directly onto the MarketInvoice platform,” Anil Stocker, chief executive and co-founder of MarketInvoice wrote … Read More

Half of businesses fear credit tightening around Brexit

August 5, 2019 |

MORE THAN half (53 per cent) of UK business owners fear that their finance options and credit terms will tighten due to Brexit, regardless of whether the UK leaves with a deal or no deal.

According to the new MarketInvoice … Read More

Institutional interest in P2P continues unabated in 2019

July 25, 2019 |

INSTITUTIONS have been highly active in the peer-to-peer lending space this year, in the form of both funding lines and equity investment.

Funding lines have helped P2P platforms to boost their lending volumes, while equity funding has been used by … Read More

Growth Finance Awards announces full list of finalists

July 8, 2019 |

A COMPREHENSIVE list of all finalists for the inaugural 2019 Growth Finance Awards has now been unveiled, with peer-to-peer lenders competing in a number of categories.

The 47 finalists, all providers of debt to UK businesses, were announced by Intelligent … Read More

NatWest pilots digital working capital product

July 5, 2019 |

HIGH street bank NatWest is taking on digital lenders with the launch of a new working capital product.

Rapid Cash offers credit of up to £300,000 based on customers’ unpaid invoices, competing with the likes of MarketInvoice and Growth Street.

Read More

Growth Street hiring spree snaps up three senior staff members

July 2, 2019 |

GROWTH Street has hired two senior staff members from other alternative lenders to lead its data and corporate development teams.

The peer-to-peer business lender has recruited Aaron Samuels as head of business intelligence from LendInvest and Aman Mehra has joined … Read More

MarketInvoice: SMEs favour invoice finance over business loans for growth

June 24, 2019 |

ONLY one in 10 small- and medium-sized enterprises (SMEs) would use a traditional business loan to grow their firm, research claims.

A poll of 1,000 business owners by MarketInvoice found invoice and asset based finance were the most popular funding … Read More

How banks are benefiting from P2P tech innovation

April 11, 2019 |

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

P2P lender founders named among UK’s richest entrepreneurs

April 9, 2019 |

THREE founders of peer-to-peer lenders have been named among the top 100 richest entrepreneurs behind the UK’s fastest growing firms.

The Telegraph newspaper has compiled a Technology Hot 100 list of the most successful founders of Britain’s fastest-growing private companies.

Read More