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Peer2Peer Finance News | June 25, 2019

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Relendex unveils new head of lending operations

June 24, 2019 |

RELENDEX has continued its hiring spree with the appointment of Claire Newman as its head of lending operations.

Newman (pictured) joins the peer-to-peer property lender from Masthaven Bank where she was head of underwriting in the short-term lending department.

“At … Read More

Funding Circle set for fourth securitisation

June 17, 2019 |

FUNDING Circle is getting set for the fourth securitisation of a package of its small- and medium-sized enterprise (SME) loans.

A statement from Deutsche Bank said it has been mandated as arranger and lead manager for SBOLT 2019-2, a transaction … Read More

MoneyThing lowers P2P investor rates as it shifts to less risky loans

June 17, 2019 |

MONEYTHING is planning to lend to less risky businesses to attract a wider pool of investors.

The manual peer-to-peer business lending platform said it was not sustainable to focus purely on the higher risk/return side of the market and thus … Read More

Kuflink reaches £50m lending milestone three years after launch

June 13, 2019 |

Kuflink has reached the £50m lending milestone.

The peer-to-peer bridging and development finance lender, which launched in 2016, said it has already returned £23m of capital to investors and a further £1.3m in interest.

“It took us over a year … Read More

Folk2Folk appoints farmer to its board as chief exec vacancy remains

June 7, 2019 |

RURAL peer-to-peer business lender Folk2Folk has appointed a farming expert to its board as a non-executive director, but there is no sign of a replacement for its chief executive Giles Cross.

Companies House documents show Graham Dingle has been named … Read More

SMEs still unaware of how to access P2P funding

June 5, 2019 |

FEWER than 20 per cent of small- and-medium sized enterprises (SMEs) are aware of how to access peer-to-peer finance, research shows.

A poll of 1,000 firms by accountancy firm Smith & Williamson found just 17 per cent knew how to … Read More

FCA warns against “tick-box” approach for appropriateness tests

June 4, 2019 |

THE Financial Conduct Authority (FCA) has outlined how an investor suitability test could look but said it is up to individual platforms to devise their own assessment method.

The City watchdog has confirmed plans to restrict marketing of P2P investments … Read More

4th Way ‘not surprised’ by collapse of ‘opaque’ Lendy

June 3, 2019 |

LENDY’S collapse highlights the issue with opaque investing, peer-to-peer lending analyst 4th Way has warned.

Neil Faulkner, co-founder of 4th Way, said the closure of Lendy was unsurprising, highlighting that it has previously failed to disclose information for the website’s … Read More

Lendy administrator: Withdrawal restrictions set to continue

June 3, 2019 |

LENDY investors have been told by the collapsed platform’s administrator that they will be restricted from making withdrawals “until further notice”.

RSM was appointed as administrator of the beleaguered P2P property platform last month and has written to investors to … Read More

Zopa: Younger generations are saving more than you think

May 24, 2019 |

THE younger generation is more financially savvy than it is given credit for, Zopa claims.

Analysis by the peer-to-peer lender found that generation Z – those aged 18 to 22 – and millennials – people aged 23 to 38 – … Read More