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Peer2Peer Finance News | June 22, 2018

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Ratesetter

The automation evolution

June 18, 2018 |

PEER-TO-PEER lending emerged as an alternative to mainstream banks, simultaneously widening access to credit and boosting retail investors’ returns.

Some would argue that P2P has made finance more accessible and shifted it from the ‘computer says no’ mentality of the … Read More

RateSetter in talks for £30m fundraising round

June 18, 2018 |

RateSetter is reportedly in talks for a £30m fundraising round as it continues to gear up for an initial public offering (IPO).

The peer-to-peer lender is seeking to raise £30m through investment bank Lazard and stock broker Peel Hunt, according … Read More

Recent board appointments highlight gender inequality in P2P

June 18, 2018 |

TWO recent appointments have highlighted the lack of gender diversity in the UK’s peer-to-peer sector, where women still occupy a minority of roles.

In May, Funding Circle named former O2 and Tesco Mobile executive Cath Keers as its first female … Read More

RateSetter hits £100m IFISA milestone

June 15, 2018 |

RATESETTER has attracted £100m in subscriptions to its Innovative Finance ISA (IFISA), just four months after the tax-wrapper was initially launched.

The peer-to-peer platform launched its first IFISA product in early February 2018, and more than 10,000 ISA accounts have … Read More

How the big three shaped P2P

June 15, 2018 |

ALTHOUGH we still tend to think of peer-to-peer lending as a young sector, it is now 13 years since Zopa became the first lender in the market. It was joined five years later by Funding Circle and RateSetter and since … Read More

Risky Business

June 12, 2018 |

Credit risk is an unavoidable component of peer-to-peer lending, so platforms have many ways of managing it, as Peer2Peer Finance News investigates…

THE PEER-TO-PEER lending industry’s reputation for doing things better, faster and cheaper than banks is often attributed to … Read More

Rolling Market overhaul comes into force on RateSetter

June 11, 2018 |

RATESETTER’S overhaul of its popular Rolling Market product has come into force on the platform.

The ‘big three’ peer-to-peer lender has removed the ability for investors to set their own rate on reinvested funds and altered how returns are paid.

Read More

P2P lenders prepared for new data rules

June 5, 2018 |

PEER-TO-PEER lending platforms have welcomed the new General Data Protection Regulation (GDPR) and confirmed that their processes meet with the new EU standard.

“We welcome any measures which safeguard personal information, and very much see GDPR as a significant … Read More

RateSetter hits £2.5bn of lending

May 25, 2018 |

RATESETTER’S loanbook has hit the £2.5bn mark.

The peer-to-peer lender, which launched in 2010, said 65,000 people have RateSetter investment accounts, financing more than 460,000 borrowers.

Investors have lent more than £1.55bn to individuals and almost £950m to businesses and … Read More

RateSetter Australia extends green deal

May 21, 2018 |

RATESETTER Australia has announced an 18-month extension to its  green loan marketplace.

The UK peer-to-peer lender’s Australian subsidiary is working with the Australian government’s Clean Energy Finance Corporation (CEFC) to bring clean energy borrowers and investors together.

The marketplace was … Read More