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Peer2Peer Finance News | June 22, 2017

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P2P lending

Proplend plans IFISA extension but warns of bank-like inefficiencies

June 15, 2017 |

PROPLEND is planning to extend its recently-launched Innovative Finance ISA (IFISA) to more investors after successfully bringing pre-registered clients on board.

The commercial property peer-to-peer platform is looking to make a decision at the end of the month, as demand … Read More

ArchOver partners with SME debt specialist Escalate

June 14, 2017 |

ARCHOVER has clinched a partnership with dispute resolution firm Escalate, a move that it said will boost its ability to offer both borrowers and lenders a ramped-up level of security on repayments and debt settlement.

The small-and medium-sized enterprises (SME) … Read More

ThinCats hires SME veteran for loan origination role

June 14, 2017 |

THINCATS has appointed Natwest SME veteran John Brooks as origination manager, in the latest high profile hire at the peer-to-peer pioneer.

Brooks has spent 30 years working with UK-based SMEs, and joined ThinCats from Natwest, where he spent 12 years … Read More

Property loans reach £23m at HNW Lending

June 14, 2017 |

HNW LENDING has passed £23m in property loans, as growth is projected to continue. This comes as the company announced that it completed £14m in loans in the year to March 2017.

The lender is now forecasting “strong growth” in … Read More

P2P lenders move towards niche assets

June 14, 2017 |

PEER-TO-PEER lending is moving towards more niche assets with platforms now offering loans secured on items such as fine wine or classic cars.

Platforms such as HNW Lending, Collateral and FundingSecure act as P2P pawnbrokers so there is no credit … Read More

MoneyThing posts record month ahead of 2017 IFISA launch

June 13, 2017 |

MONEYTHING is on track to boost its loan origination ahead of an Innovative Finance ISA (IFISA) launch later this year, after delivering its highest new loan monthly level to date in May.

The peer-to-peer lending platform launched £7.7m of new … Read More

Basset & Gold unveils four-year marketplace lending bond

June 1, 2017 |

BASSET & GOLD is launching a new four-year bond backed by marketplace lending deals, with regular reinvestment of the interest stream set to deliver higher yields.

The new debt offering from the direct lending and alternative finance specialist will return … Read More

Wellesley puts P2P product on “pause” and boosts transparency

May 26, 2017 |

WELLESLEY & Co is putting its peer-to-peer lending activities on “pause” and has published details of its loan book for the first time, as it works towards gaining full authorisation from the Financial Conduct Authority (FCA).

From 31 May, the … 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

F&P steps up green energy focus by poaching ex-Merrill Lynch director

May 10, 2017 |

PEER-TO-PEER funding specialist F&P has hired a green energy consultant to boost its business in that borrower market, ahead of its possible lending platform launch this summer.

The firm, which finds P2P lending partners for small borrowers and advises both … Read More