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Peer2Peer Finance News | June 26, 2019

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Rhydian Lewis

RateSetter exits unsecured business loans market

January 22, 2018 |

RATESETTER is winding down its unsecured business lending after a review of its commercial finance propositions.

The peer-to-peer platform said its commercial finance product suite will focus solely on property-backed and asset-backed lending.

Business borrowers will now only be able … Read More

RateSetter’s losses widen to £23.3m after wholesale lending write-off

December 6, 2017 |

RATESETTER reported record revenues in the last financial year but saw its losses increase after taking a one-off £14m hit on a borrower rather than exposing investors on its provision fund.

The peer-to-peer lender’s latest annual accounts for the 12 … Read More

RateSetter earmarks February 2018 for IFISA launch

December 1, 2017 |

RATESETTER has confirmed that it will launch its Innovative Finance ISA (IFISA) in February 2018 and that existing investors will get a two-week head start on the product.

The peer-to-peer platform, which gained full authorisation from the Financial Conduct Authority in … Read More

A world of opportunity

December 1, 2017 |

Rhydian Lewis heads up one of the biggest and best-known peer-to-peer lenders in the country. The RateSetter chief executive talks to Peer2Peer Finance News about the firm’s “relentless focus” on the retail investor, regulation and what he learnt from the … Read More

Chancellor to back support package for scale-ups

November 20, 2017 |

THE Chancellor is expected to give his backing this week to a series of recommendations aimed at supporting UK scale-ups, including the creation of a multi-billion pound fund.

The recommendations have been submitted to the Treasury by private sector bosses‎ … Read More

RateSetter plans to launch IFISA this tax year

October 18, 2017 |

RATESETTER has said it plans to apply to HMRC for ISA manager status and launch its Innovative Finance ISA (IFISA) before the end of the current tax year.

The peer-to-peer lender, which announced on Tuesday that it had gained full … Read More

RateSetter will return to profit next year, says CEO

October 5, 2017 |

RATESETTER will return to profit next year, its chief executive and co-founder has said.

The peer-to-peer lender was profitable in the financial years ended 2014 and 2015, but has fallen into the red since then, as it has invested heavily … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Do you need a degree to get into peer-to-peer?

August 17, 2017 |

THE ANNUAL university versus straight to work debate has begun after A Level results were revealed on Thursday, so do you need a degree to get into peer-to-peer lending and fintech?

Shoreditch-based recruitment consultants Give a Grad a Go says … Read More

From disruptors to dealmakers

August 16, 2017 |

THE MOST significant M&A deals don’t always manage to grab the headlines. The business pages are packed with analyses of multi-billion dollar mergers or failed acquisitions, and the so-called 50 per cent failure rate is ominously cited any time there … Read More