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Peer2Peer Finance News | October 20, 2018

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P2P returns are “hard to argue with” amid market uncertainty

October 19, 2018 |

UNCERTAINTY across global financial markets is boosting the case for peer-to-peer investment, according to Lending Works.

The peer-to-peer consumer lender said that while markets panic over a disorderly Brexit, soaring global debt, rising American interest rates and the Italian banking … Read More

Funding Circle originations hit record high

October 19, 2018 |

FUNDING Circle saw new originations grow by 45 per cent in the third quarter of this year globally, as it revealed its UK broker channel has facilitated more than £1bn of lending.

The newly-listed peer-to-peer business lender, which has operations … Read More

CrowdProperty hits £10m repayment milestone

October 18, 2018 |

CROWDPROPERTY investors have now earned more than £10m from lending through the peer-to-peer property platform.

The development finance provider said on Thursday that lenders have earned £867,091 of interest and £9.2m in capital repayments since it launched in 2014.

“We … Read More

SME investment hampered by business angel myths

October 17, 2018 |

STARTUPS and small firms are missing out on potential investment due to misconceptions over who can become a business angel, research claims.

Analysis by the UK Business Angels Association (UKBAA) found that 75 per cent of business angels were aged 45 … Read More

Assetz Capital warns Brexit optimism is slipping away

October 17, 2018 |

INVESTORS are losing confidence in the government’s ability to secure a decent Brexit deal, according to data from Assetz Capital.

The peer-to-peer business lender’s third quarter investor barometer – based on a survey of its 29,000-strong investor community – found … Read More

Equi confirms Apple’s Steve Wozniak as co-founder

October 15, 2018 |

APPLE co-founder Steve Wozniak has joined up with Baroness Michelle Mone to help her crypto-backed peer-to-peer platform identify technology companies to invest in.

Wozniak (pictured right with Mone) was rumoured to be a co-founder behind a relaunched version of Equi, … Read More

FCA sounds redress warning over high cost credit

October 15, 2018 |

BOSSES at payday lenders have been warned to assess their lending activity amid concerns from the City watchdog about rising complaints.

The Financial Conduct Authority has written a “Dear CEO” letter to platforms providing high-cost short-term credit – which includes some … Read More

ArchOver embarks on UK expansion with new Birmingham office

October 15, 2018 |

ARCHOVER has opened a Birmingham office to support clients across the Midlands.

The peer-to-peer business lender said on Monday that it has appointed experienced corporate finance and investment banker David Newton to run the new office, which is part of … Read More

ThinCats launches ‘generator’ product to speed up lending

October 15, 2018 |

THINCATS has launched a new loan product that brings the human touch back into its lending decisions.

The peer-to-peer business platform said on Monday that traditional lenders typically use algorithms to make lending decisions, but its new generator product will … Read More

P2P property lenders prepare for market correction

October 12, 2018 |

PEER-TO-PEER property lenders are planning to avoid London and boost their underwriting criteria as they prepare for economic uncertainty surrounding Brexit.

Blend Network has said it favours backing developments with an exit plan – which are no longer certain in … Read More