Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | December 17, 2018

Scroll to top

Top

p2p

Victory Park Capital fund’s chair steps down for health reasons

December 14, 2018 |

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More

Zopa co-founder Giles Andrews to chair board of European direct lender

December 14, 2018 |

ZOPA co-founder Giles Andrews (pictured) has been named chair of European direct lending firm Dynamic Credit’s supervisory board.

The board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of asset … Read More

Motor acquisitions drive RateSetter further into the red

December 11, 2018 |

RATESETTER has said it is making progress towards becoming “cash flow positive” after revealing a £26.7m loss in its latest annual results.

The peer-to-peer lender posted a 47 per cent rise in revenues to £34.3m for the year ended 31 March … Read More

Funding Circle unveils £1bn funding line

December 7, 2018 |

FUNDING Circle has secured a new £1bn funding facility from investment firm Waterfall Asset Management.

The peer-to-peer business lender said on Friday that Waterfall will invest in £1bn of loans originated via its platform over a two-year period.

Waterfall’s investment … Read More

Forget me not? Why Zopa’s P2P roots will still be important for its bank

December 6, 2018 |

ZOPA’S long-awaited banking licence has finally come through, but what does this mean for the wider peer-to-peer lending sector?

The world’s oldest P2P lender has, in some ways, gone full circle with its plans to launch a bank.

It was … Read More

Zopa: Bank launch won’t impact P2P rates

December 5, 2018 |

ZOPA has insisted its peer-to-peer lending rates will not be dictated by the savings products on offer when its bank launched.

The P2P platform got its banking licence this week and is set to test its products among staff and … Read More

Ranger Direct boosts board expertise to help with fund closure

December 5, 2018 |

RANGER Direct Lending (RDL) has appointed an expert in acquiring and managing commercial finance to its board as part of efforts to wind up the beleaguered fund.

Joe Kenary, who has worked for US commercial lender Capitalsource and asset manager … Read More

CrowdProperty to launch an auto-invest product in 2019

December 3, 2018 |

CROWDPROPERTY is preparing to launch an auto-invest tool on its peer-to-peer property lending platform.

Mike Bristow (pictured), chief executive of CrowdProperty, said the functionality would be introduced at some point next year.

Read more: CrowdProperty loanbook hits £25m

“We are … Read More

MoneyThing investors pocket £10.4m in capital repayments

November 30, 2018 |

MONEYTHING investors have seen more than £10m of capital returned this year.

The peer-to-peer business lending platform said one of the largest loans to be repaid was a £2.26m facility provided to a hotel franchise that had built up enough … Read More

Venture capital investor joins Landbay board

November 30, 2018 |

THE FOUNDER of a venture capital fund that has invested in Landbay has been named as a director of the peer-to-peer property lender.

Michael Baptista, who has invested in Landbay through his Assembly Capital Partners fund, has been appointed as … Read More