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Peer2Peer Finance News | August 21, 2018

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Welendus launches third crowdfunding round

August 20, 2018 |

WELENDUS has launched a new crowdfunding round on Seedrs to raise £850,000.

The peer-to-peer short-term loans platform has already raised 95 per cent of the target privately and now has made its listing public.

It is the third Seedrs fundraising … Read More

Funding Circle fund begins shift from US loans

August 16, 2018 |

FUNDING Circle’s dedicated investment trust expects its US exposure to fall to 22 per cent over the next two months as it continues its migration to focus more on UK and European loans.

A July update from the Funding Circle … Read More

Assetz Capital sees £50m IFISA boost

August 15, 2018 |

ASSETZ Capital has received a £50m boost from its Innovative Finance ISA (IFISA).

The peer-to-peer business lender revealed £50m has been invested into tax wrapper since its launch at the beginning of the year.

Stuart Law, chief executive of Assetz … Read More

Proplend launches auto-lend facility

August 15, 2018 |

COMMERCIAL property peer-to-peer lending platform Proplend has introduced an auto investing feature.

The auto-lend facility will let investors target a return of five per cent, with funds allocated to Proplend’s least risky tranche A investments.

Once enabled, the facility will … Read More

Fresh blow for savers as inflation rises for first time in eight months

August 15, 2018 |

SAVERS have been hit with a new blow as the rate of inflation increased for the first time since November 2017.

Figures from the Office for National Statistics (ONS) showed the consumer prices index had increased to 2.5 per cent … Read More

CrowdProperty promises more projects for investors

August 14, 2018 |

CROWDPROPERTY has promised a pipeline of new loans to fund for the rest of the year as it approaches its fourth anniversary.

The peer-to-peer property platform said its loanbook is approaching £20m, encompassing 44 projects with 284 units.

Of these, … Read More

Widespread variation in access to secondary markets

August 3, 2018 |

THE TIME it takes to fund and exit loans on the secondary market varies considerably across peer-to-peer lenders, research by Peer2Peer Finance News has found.

Lenders claim secondary markets enhance liquidity for investors, but on some platforms it can take … Read More

FCA to extend conduct rules to e-money providers

August 1, 2018 |

THE FINANCIAL Conduct Authority (FCA) is looking to tighten up regulation of the e-money sector.

Many peer-to-peer lending platforms use e-money providers to manage their client accounts and now the City watchdog wants to ensure these types of firms, as … Read More

P2P property platform Propifi launches £250,000 crowdfunding campaign

July 31, 2018 |

PROPIFI has launched a £250,000 crowdfunding campaign on Crowdcube as it looks to finance technological development and regulatory approval.

The peer-to-peer property crowdfunding platform was launched earlier this year with the goal of allowing “retail and first time investors to … Read More

Fintech investment already ahead of 2017 levels

July 31, 2018 |

GLOBAL investment in fintech has already surpassed 2017 figures and the UK is still attracting funds despite Brexit concerns, KPMG claims.

The consultancy’s Pulse of Fintech report found $57.9bn (£44bn) has been invested across 875 fintech deals in the first … Read More