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Peer2Peer Finance News | September 25, 2018

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RateSetter set to break even in first half of 2019

September 24, 2018 |

RATESETTER expects to break even in the first half of 2019, excluding spending on investor advertising.

The peer-to-peer lender is currently in the red, but told investors at a Q&A session that the gap is closing in line with its … Read More

The might of the Square Mile

September 18, 2018 |

The attractions of the peer-to-peer lending sector are obvious to retail and institutional investors alike. But will the latter’s financial firepower push out the former as platforms look to scale up?

THE PEER-TO-PEER lending sector was borne out of a … Read More

Funding Circle remains fastest growing P2P firm

September 10, 2018 |

FUNDING Circle has retained its place as the fastest growing peer-to-peer lending firm in the latest Sunday Times Hiscox Tech Track 100.

Fellow ‘big three’ P2P platform Zopa also featured in the list, which was published on Sunday. However, the … Read More

Proposed investor restrictions threaten P2P sector’s growth

September 4, 2018 |

THE PEER-TO-PEER lending industry has blasted the City watchdog’s proposed investor restrictions as unfair, costly and damaging to the sector’s future.

P2P platforms have been busy digesting the Financial Conduct Authority’s (FCA’s) long-awaited post-implementation review of the sector – released … Read More

Funding Circle set for September float

August 31, 2018 |

FUNDING Circle is rumoured to be planning an initial public offering (IPO) within the next two weeks, according to reports.

The peer-to-peer lender is reported to be gearing up for a stock market listing in the second week of September.

Read More

P2P lenders record £300m intake in second year of the IFISA

August 31, 2018 |

ALMOST £300m was invested across Innovative Finance ISAs (IFISA) in the previous tax year, HMRC data reveals.

The latest ISA statistics from the taxman shows £290m of subscriptions in IFISA for the 2017/2018 tax year across 31,000 accounts.

P2P lenders … Read More

RateSetter names fourth non-executive director

August 23, 2018 |

RATESETTER has appointed a risk expert as the fourth non-executive director on its board.

Stuart Bridges will join the peer-to-peer lending platform’s board in September and will chair its audit committee.

Bridges, a chartered accountant, is the chief financial officer … Read More

Interest rate rise spells good news for P2P platforms

August 16, 2018 |

THE BANK of England’s decision to increase the base rate is beneficial for peer-to-peer lending platforms, RateSetter has claimed.

At the start of August, the Bank raised its interest rate by 0.25 percentage points to 0.75 per cent, taking it … Read More

A Rocky Road

August 10, 2018 |

IN THE TWO YEARS since the Financial Conduct Authority (FCA) commenced its post-implementation review of the peer-to-peer lending industry, so much has changed. Whereas a mere handful of P2P platforms had full FCA authorisation in 2016, now the vast majority … Read More

Motoring ahead

August 8, 2018 |

NEW CAR SALES may be slowing down a little, while environmental concerns over pollution and CO2 emissions are rising, but the UK remains a country demonstrably in love with its motors.

Just look at the numbers – there are no … Read More