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Peer2Peer Finance News | June 26, 2019

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MarketInvoice secures £56m of equity and debt funding

January 21, 2019 |

MARKETINVOICE has secured £56m in equity and debt funding that will help it scale up its lending and expand abroad.

Barclays – which took a minority stake in the peer-to-peer business loans and invoice finance platform last year –  took … Read More

High street lenders react to altfin threat

August 9, 2018 |

FIERCE competition from alternative lenders is thought to have driven Barclays’ decision to double its unsecured business lending limit to £100,000.

“There is growing competition in that segment and to be fair Barclays is not the only major bank to … Read More

SME smartphone lending set to take off

June 12, 2018 |

THE VOLUME of smartphone-based lending to small- and medium-sized enterprises (SMEs) will grow exponentially this year, according to new research from the US.

Fintech platform Kabbage predicts that 20 per cent of US dollars lent to SMEs will be via … Read More

Global fintech funding hits record $5.4bn in first quarter

April 23, 2018 |

GLOBAL investment funding in the fintech sector reached a record $5.4bn (£3.86bn) during the first quarter of 2018, according to new research.

CB Insights’ latest Global Fintech Report found that there were 323 fintech deals around the world that added up … Read More

First-time house buyers consider alternative finance options

April 18, 2018 |

ALMOST half of first-time property buyers in the UK are considering using alternative finance to help raise a deposit, according to new research.

The research conducted by high street bank Santander found that more than 40 per cent of first-time … Read More

European loan sales hit record high in 2017

April 17, 2018 |

SALES of European loans reached a record high of €144bn (£124.3bn) last year, according to research from Deloitte.

The big four accountancy firm said activity in the European loan portfolio market during the second half of the year reached €104bn. … Read More

Collateral investors hit by Santander banking glitch

July 27, 2017 |

PEER-TO-PEER pawnbroking platform Collateral has been affected by its bank partner Santander’s IT troubles this morning.

Santander customers have been taking to Twitter to complain about not being able to log in to their online bank accounts and Collateral investors … Read More

JustUs hires Santander’s Mike Moroney as COO

June 6, 2017 |

JUSTUS has hired former Santander manager Mike Moroney (pictured) as chief operating officer, to help drive the company’s growth this year.

Moroney spent the last nine years supervising financial advisers throughout the North West of England for the high street … Read More

RateSetter recruits Richard Sollis as business development manager

March 21, 2017 |

RATESETTER’S commercial and residential property arm has appointed Richard Sollis as a business development manager.

Sollis (pictured) joins RateSetter Property Finance from Santander and will be based at the platform’s London office, taking on responsibility for the South and South … Read More

Assetz Capital hires regional relationship director for Northern Ireland expansion

February 17, 2017 |

ASSETZ Capital has hired a former Santander business development director for Northern Ireland to head up its expansion into the region.

Andrew Fraser (pictured) has joined the peer-to-peer platform as regional relationship director. He will be tasked with helping local … Read More