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Peer2Peer Finance News | August 21, 2017

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MarketInvoice

MarketInvoice teams up with Veritas to offer finance to 400,000 SMEs

August 17, 2017 |

MARKETINVOICE has announced a “strategic alliance” with credit management firm Veritas Commercial Services (Veritas), which will give the lender access to more than 400,000 smaller businesses across the UK.

The partnership will bring the peer-to-peer invoice finance platform’s MarketInvoice Pro … Read More

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per … Read More

MarketInvoice: Execs choose accountants for funding advice

August 14, 2017 |

THE MAJORITY of UK business leaders see accountants as the most important source of advice on business finance options, according to new research from MarketInvoice.

The peer-to-peer invoice finance platform surveyed 3,874 executives at UK businesses, with 56 per cent … Read More

Who will be the first £3bn P2P lender?

August 2, 2017 |

IT HAS been a busy quarter for the “big three” peer-to-peer lenders with Zopa, Funding Circle and RateSetter all reaching the £2bn lending milestone.

But who will be first to £3bn?

The latest quarterly loanbook figures from the Peer-to-Peer Finance … Read More

MarketInvoice breaks £4m barrier on record day of trading

August 2, 2017 |

MARKETINVOICE had a record trading day on Monday, channelling £4.1m to UK businesses against their invoices.

This is over £1m more than the peer-to-peer invoice finance platform’s daily average of £3.2m. It is also the first time that more than … Read More

P2PFA reports growth in new lending as LendInvest departs

July 28, 2017 |

CUMULATIVE lending among the Peer-to-Peer Finance Association (P2PFA) members in the second quarter of 2017 fell slightly to £8.39bn, due to LendInvest’s departure from the trade body.

However, new lending among the members has still grown significantly year on year, … Read More

MarketInvoice: One third of UK firms facing cash squeeze

July 24, 2017 |

MORE THAN a third of UK businesses fear they will face a cash squeeze in the next six months, while over half are concerned about the uncertain economic environment, according to new MarketInvoice research.

The peer-to-peer invoice finance platform found … Read More

P2P lenders helped British Business Bank fund £717m of SME loans last year

July 18, 2017 |

PEER-TO-PEER lenders were among the delivery partners helping the British Business Bank (BBB) fund £717m of loans to small businesses last year, the firm’s annual report revealed.

The state-backed institution, which has channelled funds through P2P platforms such as RateSetter, … Read More

Euro and dollar functionalities added to MarketInvoice Pro

July 14, 2017 |

MARKETINVOICE has added euro and US dollar capabilities to its MarketInvoice Pro product.

The peer-to-peer invoice finance platform said the move means users will now be able to fund their invoices in these currencies as quickly as sterling denominated invoices, … Read More

Taking the lead

July 6, 2017 |

Ex-regulator Christine Farnish isn’t scared of a little competition – in fact, she relishes it. The chair of the Peer-to-Peer Finance Association talks about risk, red tape and why this is such an exciting time for the peer-to-peer finance industry

Read More