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Peer2Peer Finance News | September 18, 2019

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Rhydian Lewis

RateSetter to introduce stress testing to provision fund

August 13, 2019 |

RATESETTER is planning to introduce stress testing to its provision fund over the next financial year.

The ‘big three’ peer-to-peer lender’s provision fund is a buffer that protects investors against losses should any of its loans default. Borrowers pay cash … Read More

Could the 10pc rule bring £6.9bn into P2P sector each year?

July 11, 2019 |

WHEN the Financial Conduct Authority (FCA) rolled out a new raft of rules for the peer-to-peer lending sector, there was one requirement which received decidedly mixed reviews. In an effort to promote diversification and risk awareness, the regulator announced plans … Read More

RateSetter chief welcomes 10 per cent investor limit

July 5, 2019 |

RATESETTER’S chief executive Rhydian Lewis (pictured) has welcomed incoming rules that limit everyday investors to putting no more than 10 per cent of their portfolio into peer-to-peer loans.

The new Financial Conduct Authority (FCA) regulations bring P2P lending into line with … Read More

Here’s what the industry thinks of the FCA rule changes

June 4, 2019 |

THE FINANCIAL Conduct Authority (FCA has released its long-awaited, updated rules for the peer-to-peer lending sector, which confirm the introduction of investor marketing restrictions.

Here’s the industry reaction so far – keep an eye out for rolling updates

RateSetter chief … Read More

RateSetter given Queen’s Award for Enterprise

April 23, 2019 |

RATESETTER has been given the Queen’s Award for Enterprise in recognition of its “excellence in innovation”.

The peer-to-peer lender will join the other recipients of the Queen’s Award at a reception in Buckingham Palace later this year. It will also … Read More

P2P lender founders named among UK’s richest entrepreneurs

April 9, 2019 |

THREE founders of peer-to-peer lenders have been named among the top 100 richest entrepreneurs behind the UK’s fastest growing firms.

The Telegraph newspaper has compiled a Technology Hot 100 list of the most successful founders of Britain’s fastest-growing private companies.

Read More

P2P to have strong presence at Innovate Finance Global Summit

March 27, 2019 |

FOUNDERS of the ‘big three’ peer-to-peer lenders are among the confirmed speakers at Innovate Finance Global Summit (IFGS), which takes place next month at London’s Guildhall.

Giles Andrews of Zopa, Samir Desai of Funding Circle and Rhydian Lewis of RateSetter … Read More

Motor acquisitions drive RateSetter further into the red

December 11, 2018 |

RATESETTER has said it is making progress towards becoming “cash flow positive” after revealing a £26.7m loss in its latest annual results.

The peer-to-peer lender posted a 47 per cent rise in revenues to £34.3m for the year ended 31 March … Read More

P2P business lending breaks £2bn milestone in 2017

November 23, 2018 |

PEER-TO-PEER business lending volumes soared by two thirds year-on-year to surpass £2bn in 2017, according to new research.

The fifth annual UK Alternative Finance Industry Report, compiled by the Cambridge Centre for Alternative Finance (CCAF), found that transaction volumes across … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More