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Peer2Peer Finance News | January 23, 2019

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Rhydian Lewis

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

RateSetter celebrates eighth birthday

October 5, 2018 |

RATESETTER is celebrating its eighth birthday this weekend, having originated more than £2.7bn in loans since it launched in 2010.

The peer-to-peer lending platform has garnered more than half a million customers in eight years and generated more than £110m … Read More

RateSetter: FCA marketing restrictions are “disproportionate”

August 7, 2018 |

RATESETTER has hit back at proposed marketing restrictions for peer-to-peer lenders, stating that they are “disproportionate” and “clunky”.

In a new blog post, the P2P platform’s chief executive Rhydian Lewis (pictured) responded to the recently-released consultation paper from the Financial … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

RateSetter backtracks on Rolling Market rate changes

July 20, 2018 |

RATESETTER has reversed its decision to stop investors setting their own rate for capital reinvesting on its Rolling Market.

The peer-to-peer lender implemented an overhaul of its popular Rolling Market product on 6 June, no longer allowing investors to set … Read More

Who is guiding the Big Three?

July 5, 2018 |

THE PEER-TO-PEER industry is constantly evolving, and some of the bigger brand names have become permanent fixtures in the financial services landscape.

We have seen start-ups become regulated companies, online platforms apply for banking licences and now some are even … 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

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