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Peer2Peer Finance News | February 18, 2019

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ThinCats secures first funding line from British Business Bank

February 18, 2019 |

THINCATS has joined a select group of peer-to-peer lenders that have received funding commitments from the British Business Bank (BBB).

The peer-to-peer business lender unveiled the new £20m funding line on Monday, which will be provided by British Business Investments … Read More

ThinCats expands into Sheffield with new hire

February 14, 2019 |

BUSINESS lender ThinCats has continued its UK-wide expansion with a new office in Sheffield which will be the base for the platform’s newly-appointed head of sales, Mike Hackett.

Hackett will lead ThinCats’ business development team across the UK. He has … Read More

ThinCats has £800m “ready to deploy” for UK SMEs

January 24, 2019 |

BUSINESS lender ThinCats has £800m in capital which it is “ready to deploy” to fund UK-based small- and medium-sized enterprises (SMEs).

In its annual review of 2018, ThinCats revealed that two major funding programmes had allowed it to secure £700m … Read More

ThinCats analysis of SME loans in 2018 affirms data model

January 23, 2019 |

THINCATS has said that initial analysis of secured business loans taken out in the UK last year has helped to validate its predictive data model.

The peer-to-peer business lender launched Prism Prospect last year, which assesses how likely UK businesses … Read More

P2P lenders deliver FTSE-beating returns in 2018

January 21, 2019 |

THE UK’S largest peer-to-peer lenders delivered a FTSE-100 beating return in 2018, amid a turbulent period for the UK’s leading index.

Zopa said a £5,000 investment in a Zopa Plus account would have earned 5.2 per cent or £260 in 2018, 13.5 … Read More

Former RBS executive joins ThinCats in business development role

January 14, 2019 |

THINCATS has named a former Royal Bank of Scotland (RBS) executive as director of regional business development for the East Midlands.

Sam Lewis brings more than 15 years of banking and corporate finance experience to the role, which will involve … Read More

Leeds SMEs embrace alternative lending

January 7, 2019 |

LEEDS has been named as the number one location when it comes to firms seeking alternative finance.

Analysis of credit reference agency data as well as figures from the British Business Bank by peer-to-peer lender ThinCats, found that Leeds-based businesses … Read More

Investor marketing restrictions could hit pension pots

January 4, 2019 |

FINANCIAL planning expert Anthony Carty has warned that proposed marketing restrictions could deter investors from the peer-to-peer lending sector, depriving people of a decent source of income for their retirement.

The City watchdog has proposed introducing appropriateness and categorisation tests … Read More

ThinCats lent record £112m in 2018

January 2, 2019 |

THINCATS has revealed that it had a record-breaking year in 2018, lending more than £112m to small- and medium-sized businesses.

This is more than double the amount which was lent in 2017, and boosts the peer-to-peer lender’s total loan value … Read More

P2PFA member lending exceeds £10bn

December 12, 2018 |

PEER-TO-PEER Finance Association (P2PFA) platforms have cumulatively lent out more than £10bn, according to the trade body’s latest data.

The biggest growth came from lending to small businesses, the quarterly figures revealed.

Read more: P2PFA associate TLT names Andrew Lyon as … Read More