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Peer2Peer Finance News | November 18, 2017

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payday loans

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

Risk and Reward

March 2, 2017 |

What Kevin Allen doesn’t know about credit risk isn’t worth knowing. The Money Platform’s new chief risk officer talks to Peer-to-Peer Finance News about being an early adopter, his time at RateSetter and finding a gap in the short-term lending … Read More

Payday P2P lender Welendus eyes January launch

November 14, 2016 |

NEW PAYDAY peer-to-peer lender Welendus is expecting to launch in January, after it receives full Financial Conduct Authority approval.

Its chief executive Nadeem Siam is keen to turn around the reputation of the payday lending market with his new … Read More