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Peer2Peer Finance News | November 23, 2017

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Budget unveils £20bn action plan to support tech scale-ups

November 22, 2017 |

THE CHANCELLOR has unveiled a £20bn ‘action plan’ to help innovative firms scale up, in order to achieve the goal of helping a new tech business launch every half hour.

Philip Hammond (pictured) used Wednesday’s speech to detail new measures … Read More

MarketInvoice expands into business loans market

November 1, 2017 |

MARKETINVOICE is expanding into the business loans market.

The peer-to-peer invoice finance platform said on Wednesday that it now offers unsecured business loans ranging between £10,000 and £100,000 over a 12-month term with no early repayment fees.

The firm has … Read More

P2PFA reports over £700m of new lending in third quarter

October 23, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) has reported that new lending among its members equated to more than £700m in the third quarter of 2017, despite losing ‘big three’ platform RateSetter during the period.

The self-regulated trade body said on Monday … Read More

MarketInvoice celebrates another record quarter

October 9, 2017 |

MARKETINVOICE is celebrating yet another record quarter, as the peer-to-peer invoice finance platform edges closer to the £2bn funding milestone.

The London-headquartered company said on Monday that £196.2m of invoices were funded in the third quarter of 2017, a 67 … Read More

MarketInvoice hires ex-Lloyds, RBS banker Julian Cassen to boost business

October 5, 2017 |

MARKETINVOICE has hired corporate banking veteran Julian Cassen (pictured) to help grow the firm’s reach across the UK.

The peer-to-peer invoice finance platform said on Thursday that Cassen will be taking on the role of senior business development manager, working … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

British Business Bank reaffirms support for fintech in new report

September 28, 2017 |

THE BRITISH Business Bank (BBB) has published a new report underlining the importance of diverse sources of funding for smaller businesses, including peer-to-peer lending.

The report, titled The Benefits of Diverse Finance Markets for Smaller Businesses, explains why and how … Read More

MarketInvoice: Fintech saves businesses more than £5k a year

September 25, 2017 |

TWO THIRDS of businesses are embracing fintech, with a third making use of it for loans or invoice finance, MarketInvoice has revealed.

A poll of more than 3,400 businesses by the peer-to-peer platform found 32 per cent have used online … Read More

British Business Bank’s commercial arm unveils big jump in profits

September 21, 2017 |

BRITISH Business Investments, the commercial arm of the British Business Bank (BBB), has announced pre-tax profits of £55.1m in its latest annual results, a 37 per cent increase on the previous year.

The British Business Bank (BBB) was set up … Read More

MarketInvoice’s losses doubled in 2016

September 20, 2017 |

MARKETINVOICE saw its losses double during 2016, as the peer-to-peer invoice finance platform continues to use funds to scale up.

Its latest accounts on Companies House for 2016 showed a loss before taxation of £6m, increasing from £3.1m in 2015.

Read More