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Peer2Peer Finance News | June 19, 2018

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Ranger Direct Lending chairman announces resignation

June 18, 2018 |

RANGER Direct Lending (RDL) chairman Christopher Waldron has said he will resign as a number of board members stood down amid plans to close the beleaguered investment trust.

A stock market update from RDL said Waldron, along with fellow board … Read More

How the big three shaped P2P

June 15, 2018 |

ALTHOUGH we still tend to think of peer-to-peer lending as a young sector, it is now 13 years since Zopa became the first lender in the market. It was joined five years later by Funding Circle and RateSetter and since … Read More

BondMason urges Collateral investors to back administrators

June 14, 2018 |

DIRECT lending specialist BondMason has urged Collateral lenders to support BDO in the administration of the collapsed peer-to-peer lender but insists it is ready to step in on the loanbook if needed.

BondMason had offered to manage the loanbook of … Read More

Funding Circle SME Income Fund readies prospectus for new share issues

June 13, 2018 |

FUNDING Circle’s listed investment trust is planning another 12-month programme of share issues.

The Funding Circle SME Income Fund (FCIF) has provided a stock market update, revealing a new prospectus will be published to allow for an equity issue in … Read More

MarketInvoice hires first female chief technology officer

June 11, 2018 |

MARKETINVOICE has named what is believed to be one of the fintech sector’s first female chief technology officers.

Rija Javed has joined the peer-to-peer business loans and invoice finance platform from Silicon Valley startup Wealthfront, with her appointment secured by … Read More

Expectations of interest rate rises decline

June 8, 2018 |

EXPECTATIONS of an interest rate hike have declined among the public, research suggests.

The Bank of England’s inflation attitudes survey for May found 51 per cent of respondents anticipate a rate rise over the next 12 months, down from 58 … Read More

Rebel Ranger Direct investor issues new plea for board changes

June 7, 2018 |

RANGER Direct Lending (RDL) investors’ mailboxes continue to fill up with open letters, with LIM Advisors issuing a rallying call for shareholders to back its vision for the beleaguered investment trust.

LIM Advisors, which holds 9.2 per cent of shares … Read More

CCAF to address P2P platform failures in latest research

June 6, 2018 |

THE CAMBRIDGE Centre for Alternative Finance (CCAF) is to look deeper into the issue of peer-to-peer platform failures as it launches its 2018 Global Alternative Finance Industry Survey.

The survey will help inform research institute’s influential annual report on the P2P … Read More

Pressure mounts for Ranger board overhaul

June 6, 2018 |

INFLUENTIAL shareholder adviser Glass Lewis has recommended investors in the Ranger Direct Lending (RDL) fund support the installation of two new board members but oppose the removal of chairman Christopher Waldron.

RDL has been locked in dispute with key investors … Read More

P2PGI gets a Spring boost as its NAV improves

June 5, 2018 |

P2P GLOBAL Investments (P2PGI) has expressed confidence that its revised strategy is progressing well as it saw an improvement in its net asset value (NAV) returns at the start of the second quarter.

The peer-to-peer finance-focused investment trust posted 0.41 … Read More