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Peer2Peer Finance News | April 25, 2019

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Funding Circle lowers return projections

April 24, 2019 |

FUNDING Circle has revised down its annual return projections in the face of a weaker environment for consumer credit.

The peer-to-peer business lender now predicts investors in its Balanced portfolio will achieve a return of 4.5 to 6.5 per cent … Read More

P2P lenders set to pay higher fees to City watchdog

April 23, 2019 |

PEER-TO-PEER lenders could see their regulatory fees increase by at least two per cent.

The Financial Conduct Authority (FCA) has released a consultation on its annual funding requirement for 2019/2020, revealing that it will need £558.5m from all regulated firms.

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Growth Street sees lack of alternative finance awareness in Wales

April 23, 2019 |

GROWTH Street has warned that Welsh small- and medium-sized enterprises (SMEs) are limiting their finance options.

A poll by the peer-to-peer business lender has revealed that only 27 per cent of Welsh businesses have considered a source of business finance other … Read More

SME alternative finance knowledge on the rise

April 15, 2019 |

INCREASING numbers of UK small- and medium-sized enterprises (SMEs) are aware of alternative finance options but peer-to-peer lender Growth Street is warning of a knowledge gap in the Midlands.

The latest annual survey of 2,000 small firms by the business … Read More

Initiative Ireland enters UK P2P market with corporate accounts

April 15, 2019 |

IRISH peer-to-peer property lender Initiative Ireland has entered the UK market.

It will offer corporate lending accounts that let companies back its development projects through a new subsidiary called Initiative Financial Services UK.

The minimum investment for companies will be … Read More

P2P lender founders named among UK’s richest entrepreneurs

April 9, 2019 |

THREE founders of peer-to-peer lenders have been named among the top 100 richest entrepreneurs behind the UK’s fastest growing firms.

The Telegraph newspaper has compiled a Technology Hot 100 list of the most successful founders of Britain’s fastest-growing private companies.

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Iris recognition please! Zopa predicts the financial phrases of the future

April 9, 2019 |

FORGET asking for the bill in a restaurant, diners of the future will request that their eye is scanned instead, Zopa claims.

The peer-to-peer lender has commissioned research into what the money idioms of the future will be.

Newspaper cartoonist … Read More

Mystery over Lendy senior leadership continues

April 5, 2019 |

LENDY has insisted its first ever chief operating officer Robert Kelly is still with the business but his role remains unclear.

Kelly (pictured) joined the peer-to-peer property lending platform as its first-ever chief operating officer in May 2018, but he has left … Read More

Funding Circle investment trust to close as P2P lender unveils new institutional funds

April 5, 2019 |

FUNDING Circle’s dedicated investment trust is set to close as the peer-to-peer business lender unveils two new institutional funds to back loans on the platform.

The Funding Circle SME Income Fund (FCIF) said in an announcement this morning (5 April) … Read More

RateSetter attracts £200m into its IFISA

April 4, 2019 |

RATESETTER’S Innovative Finance ISA (IFISA) has passed £200m of subscriptions since launch.

The peer-to-peer lender launched its tax wrapper in February 2018 and says investors have put away £11,000 on average and earned 4.5 per cent a year.

One in … Read More