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Peer2Peer Finance News | November 17, 2017

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p2p consumer lending

Investors remark on “disappearing capital” from Zopa IFISA due to IT glitch

August 8, 2017 |

SEVERAL lenders who invested through Zopa’s Innovative Finance ISA (IFISA) have complained that small amounts of money were disappearing from their account.

The issue occurred when funds were invested in the ISA Plus product and appeared to be missing capital … Read More

Four in 10 Brits shunning savings, RateSetter warns

June 12, 2017 |

ALMOST four in 10 Brits failed to save a penny in the three months to April, RateSetter research has found, with the peer-to-peer lender warning that this could lead to financial difficulties down the line.

37 per cent of UK … Read More

RateSetter snaps up £13m from Woodford and Artemis

May 30, 2017 |

RATESETTER has snapped up a further £13m equity capital from City investors, which brings the peer-to-peer platform’s valuation up to £200m.

The consumer and business lender announced on Tuesday that City heavyweight Neil Woodford’s fund Woodford Investment Management and asset management giant … Read More

RateSetter Australia launches green loan marketplace

May 26, 2017 |

RATESETTER has launched Australia’s first green loan marketplace, with AUS$20m (£15.5m) of seed capital from the Clean Energy Finance Corporation (CEFC).

The move from the peer-to-peer platform, which it expects will attract “thousands” of investors and lay the groundwork for … Read More

Zopa unveils plan to wind down provision fund as it readies for IFISA launch

May 25, 2017 |

ZOPA has announced that it is revamping its account range and will be winding down its provision fund, which will enable it to provide higher returns to investors.

The world’s oldest peer-to-peer lender, which gained full authorisation from the Financial … Read More

RateSetter fills top risk role with ex-GE Capital Bank’s Joanna Wright

May 22, 2017 |

RATESETTER has appointed Joanna Wright (pictured below) as chief risk officer, as part of the peer-to-peer lending platform’s recent strive to boost its risk management and reporting efficiency.

Wright joins from GE Capital Bank, where she headed a team of … Read More

RateSetter hires asset management veteran Paul Manduca

May 15, 2017 |

RATESETTER has hired asset management heavyweight Paul Manduca (pictured) as non-executive chairman to help guide the platform through its next phase of growth.

Manduca will join the peer-to-peer lending platform’s board on 1 June and replace outgoing chairman Alan Hughes on 17 … Read More

FCA approval is no longer a three-horse race

May 11, 2017 |

AFTER an arduous 18-month process, Zopa became the first of the ‘big three’ peer-to-peer platforms to gain full approval from the Financial Conduct Authority (FCA) on Thursday, paving the way for the launch of its Innovative Finance ISA (IFISA).

The long-awaited … Read More

P2PGI keeps NAV growing through UK asset-backed market

April 25, 2017 |

P2P GLOBAL Investments (P2PGI) continued to shore up its finances in March, posting a 0.55 per cent increase in net asset value, from 0.38 per cent in February, which brings first-quarter growth to 1.17 per cent.

The P2P investor’s shift … Read More

Lending Works hits £50m funding mark

April 12, 2017 |

LENDING Works announced on Wednesday it has lent £50m to UK consumers, a figure it is looking to double “very soon”.

The country’s third largest peer-to-peer consumer lending platform also said that it has hit the 10,000 client milestone, ramping up both its investor and … Read More