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Peer2Peer Finance News | September 26, 2018

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No P2P applications to FCA rejected but most are withdrawn, data reveals

August 30, 2018 |

NOT A single application by a peer-to-peer lender for FCA authorisation was rejected outright since the regulator took over responsibility for the sector in 2014, but more than 80 per cent of applications were withdrawn.

The data was revealed in … Read More

CrowdProperty promises more projects for investors

August 14, 2018 |

CROWDPROPERTY has promised a pipeline of new loans to fund for the rest of the year as it approaches its fourth anniversary.

The peer-to-peer property platform said its loanbook is approaching £20m, encompassing 44 projects with 284 units.

Of these, … Read More

FCA: ‘We are not shutting the public out of P2P’

July 27, 2018 |

THE FINANCIAL Conduct Authority (FCA) has denied it is restricting the type of investor who can use a peer-to-peer platform after proposing new rules on marketing.

The City watchdog has unveiled a consultation on introducing new marketing and disclosure rules … Read More

Assetz Capital moves to new Scotland office as headcount grows

July 23, 2018 |

ASSETZ Capital has moved into a new office in Scotland as it looks to boost its presence in the capital.

The peer-to-peer business lender has moved into new premises in Edinburgh to accommodate up to nine members of staff.

“This … Read More

FCA flags concerns over investment platform risk labels

July 16, 2018 |

THE CITY watchdog has warned that investment platforms offering model portfolios may be misleading consumers about the risks involved.

An interim report on the investment platform market found that the amount of information provided by model portfolio providers “makes comparison difficult” … Read More

BDO inundated with requests to join Collateral creditor committee

July 13, 2018 |

COLLATERAL investors and creditors have supported the formation of a committee to assist in the administration of the failed peer-to-peer platform.

BDO, which was appointed administrator of Collateral in May, had proposed setting up the creditors committee if sufficient creditors … Read More

Lending Works secures £2.8m private equity investment

July 12, 2018 |

LENDING Works has received £2.8m of private equity funding.

The capital raise  was led by UK private equity house Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity.

The proceeds will be used to … Read More

Assetz Capital hires ex-RBS banker to join North West team

July 11, 2018 |

ASSETZ Capital has boosted its northern presence with the appointment of RBS’s Jake Hiskett as senior relationship manager in the North West.

Hiskett (pictured), joins the business peer-to-peer lender from the high street bank, where he spent five years as … Read More

LendingCrowd to seek VC funding as lending triples

July 5, 2018 |

LENDINGCROWD is gearing up to secure venture capital funding in the next 12 months after its lending almost tripled in the first half of 2018.

The peer-to-peer lender for small-and-medium-sized enterprises (SMEs) said it lent £14m in the first six … Read More

SMEs suffering from lack of cashflow

July 5, 2018 |

A LACK of cash flow management is stopping small- and medium-sized enterprises (SMEs) from scaling up, American Express claims.

A poll of SMEs by the credit card provider found 46 per cent of senior decision makers feel cash flow struggles … Read More