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Peer2Peer Finance News | July 20, 2018

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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

LendInvest bond backs £50m of property loans

July 2, 2018 |

THE UK’s first listed fintech retail bond has invested in almost £50m of short-term property loans in its first seven months, LendInvest has revealed.

The LendInvest Secured Income bond, established by the former peer-to-peer lender, offers 5.25 per cent annual interest payable … Read More

Funding Circle fund cuts dividend target as currency hedging costs rise

June 29, 2018 |

THE FUNDING Circle SME Income Fund (FCIF) has reduced its annual dividend target as a result of increased costs of hedging its portfolio’s currency exposure.

The investment trust, which backs loans across Funding Circle’s platforms in the UK, US, Germany … Read More

Housebuilding supply hits a two-year low

June 28, 2018 |

THE LEVEL of housebuilding in the UK has hit a two-year low, new government figures show.

Official data shows the number of completed new builds totalled 160,470 in the first quarter of 2018, down four per cent annually and a … Read More

PwC: Open Banking is £7.2bn revenue opportunity, but more disruption is needed

June 28, 2018 |

OPEN Banking could become a £7.2bn revenue opportunity by 2022 but there is still work to do on awareness, PwC claims.

A report from the consultancy firm, titled ‘How to Seize the Open Banking Opportunity’, found that the use of application … Read More