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Peer2Peer Finance News | August 19, 2019

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payday loans

Nearly 80 per cent of workers survive on credit between pay days

August 29, 2018 |

THE VAST majority of workers are using credit to tide them over between pay days, according to new research from payment app maker Hastee Pay.

It found that 78 per cent of workers are relying on payday loans, credit cards … Read More attracts £1.3m in six months

July 26, 2018 |

LATVIAN peer-to-peer payday loans platform has attracted €1.5m (£1.3m) from investors during the first half of 2018, representing a 35 per cent year-on-year increase.

Since launch in February 2017, the platform has raised more than €4m. This has facilitated half … Read More

Zopa’s Giles Andrews named Kreditech advisory board chairman

May 3, 2018 |

ZOPA co-founder Giles Andrews OBE has been named as chairman of German alternative consumer lender Kreditech’s advisory board.

The fintech firm provides loans and credit cards for the under-banked and those with poor or little credit history and operates in … Read More

Welendus loanbook hits £100,000 in just three months

April 5, 2018 |

WELENDUS investors have funded £100,000 of short-term loans in just three months of its beta stage, the platform has announced.

Nadeem Siam (pictured), founder of the platform, says a full launch of the product is planned soon but Welendus has … Read More

Welendus goes live with interest-free loan offer

March 20, 2018 |

PEER-TO-PEER payday lender Welendus has launched its first product, offering borrowers an interest-free loan if the debt is repaid in one day.

Individuals can borrow up to £500 using the new facility, which is aimed at those faced with unexpected … Read More loan book hits £2.5m in first year

March 6, 2018 |

LATVIAN peer-to-peer payday loans platform has grown its loan book to €3m (£2.6m) in its first year of operation.

The platform, which provides short-term loans to borrowers in Kazakhstan and Spain, announced on Tuesday it has attracted 2,000 investors … Read More

Welendus launches new £150,000 crowdfunding campaign

November 24, 2017 |

PEER-TO-PEER payday loan platform Welendus has launched a new crowdfunding round on Seedrs this morning to raise an additional £150,000.

The lender, which raised £100,000 from investors during a Seedrs fundraise in March, has already reached … Read More

Payday P2P lender Welendus receives full FCA approval

October 16, 2017 |

WELENDUS, the peer-to-peer payday lender, has received full authorisation from the Financial Conduct Authority (FCA.)

The milestone comes a year after the company was formed.

The platform, which wants to shake-up the payday lending market by offering more reasonable interest … Read More

FCA extends credit assessment rules for P2P platforms

July 31, 2017 |

THE FINANCIAL Conduct Authority (FCA) is proposing widening the scope of affordability assessments for peer-to-peer platforms as part of a wider review of the high-cost credit sector.

A consultation released by the City watchdog on Monday morning said there was … Read More

DoFinance opens for P2P investors in Asia

May 17, 2017 |

PAYDAY loans peer-to-peer lender DoFinance is expanding into Asia.

The platform lets investors back payday loans originated by the lender’s parent company Alfa Finance in Poland, Latvia, Georgia and Indonesia.

It was previously only available to European investors but is … Read More