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Peer2Peer Finance News | February 18, 2019

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P2P and bank tech provider Mambu raises £26m to fuel growth

February 18, 2019 |

FINANCIAL software provider Mambu has raised €30m (£26m) in its latest funding round which it hopes will allow it to grow revenues sixfold.

Mambu develops cloud technology to power financial companies from top-tier banks to newer digital lenders. Its clients … Read More

RateSetter expands property development finance team

February 8, 2019 |

RATESETTER has expanded its property development finance team in the South West of England with the appointment of Ian Granger as business development manager.

Granger, who has worked in business banking for HSBC, NatWest and most recently for structural warranty … Read More

GLI Finance to close P2P supply finance platform

February 8, 2019 |

GLI FINANCE has announced it will close its loss-making peer-to-peer supply chain finance platform, blaming worsening market conditions and a £1.1m hit from an insolvent borrower.

The Aim-listed alternative finance group said on Friday that Sancus Finance is set to … Read More

Nucleus Commercial Finance secures £40m backing from M&G

February 7, 2019 |

NUCLEUS Commercial Finance has secured a £40m funding line from M&G Investments (M&G).

The money will come through M&G’s pension funds and will help fund asset-backed lending (ABL) products for small- and medium-sized enterprises (SMEs).

Chirag Shah, chief executive of … Read More

Kuflink launches secondary market

February 7, 2019 |

KUFLINK has launched a secondary market in the first of several promised platform enhancements to come for investors and borrowers this year.

The peer-to-peer bridging lender will let investors list most loan parts on the market, although some restrictions apply … Read More

CrowdProperty trials bid limits to balance loan demand

February 6, 2019 |

CROWDPROPERTY is considering how often to use bid limits on its projects after trialling a £5,000 investment cap on a project this week.

The peer-to-peer property lender said it has received a lot of feedback about introducing bid limits so … Read More

RateSetter reforms market rate formula to tackle fluctuations

February 5, 2019 |

RATESETTER is updating how its market rate is calculated to ensure returns are more consistent for investors.

The peer-to-peer lender’s daily market rate is currently calculated by taking the weighted average of all the rates transacted during the previous day. … Read More

Property Partner launches IFISA for development loans

February 4, 2019 |

PROPERTY Partner has launched an Innovative Finance ISA (IFISA) for investors backing its property development loans.

The property investment platform offers annual returns of up to 10 per cent and the interest and repayments can now be earned within the … Read More

UK Bond Network shuts down P2P platform

February 4, 2019 |

UK BOND Network (UKBN) has mysteriously shut down its platform.

A notice has appeared on the website of the peer-to-peer bond auction platform stating that as of 4 February it is no longer active.

UKBN launched in 2013 and gained full … Read More

EasyMoney: Lack of funding is curbing efforts to tackle housing shortage

January 28, 2019 |

A LACK of funding is still hampering efforts to solve the housing crisis despite the relaxation of planning rules, EasyMoney warns.

The peer-to-peer property lender has analysed government data showing the number of office to residential conversions fell to 1,740 … Read More