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Peer2Peer Finance News | August 18, 2017

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Academy of Contemporary Music secures £2.4m loan from ThinCats

August 15, 2017 |

THE OWNER of the Academy of Contemporary Music (ACM), which counts Ed Sheeran (pictured) and Kate Nash among its former students, has secured a £2.4m loan from peer-to-peer lender ThinCats to expand the business.

ACM’s owner Kainne Clements is already … Read More

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per … Read More

ThinCats gains FCA approval, paving way for IFISA launch

August 8, 2017 |

THINCATS has received full authorisation from the Financial Conduct Authority, paving the way for the launch of its Innovative Finance ISA.

The peer-to-peer business lender announced the news on Tuesday and said it is planning to launch its tax-free wrapper, … Read More

P2PFA reports growth in new lending as LendInvest departs

July 28, 2017 |

CUMULATIVE lending among the Peer-to-Peer Finance Association (P2PFA) members in the second quarter of 2017 fell slightly to £8.39bn, due to LendInvest’s departure from the trade body.

However, new lending among the members has still grown significantly year on year, … Read More

Blend Network launches with vow to be the “Goldman Sachs of P2P”

July 28, 2017 |

A NEW peer-to-peer lending platform has launched, with the aim of becoming the “Goldman Sachs of P2P”.

Blend Network will offer asset-backed property loans to retail and high-net-worth individuals, as well as hedge funds and other institutional investors. P2P specialist … Read More

ThinCats teams up with Alderburn Finance to fund Scottish marine trainer

July 12, 2017 |

THINCATS has sealed a deal with commercial finance broker Alderburn Finance and Stream Marine Training (SMT) to help the latter step up its cost efficiency and growth plans.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises, … Read More

Taking the lead

July 6, 2017 |

Ex-regulator Christine Farnish isn’t scared of a little competition – in fact, she relishes it. The chair of the Peer-to-Peer Finance Association talks about risk, red tape and why this is such an exciting time for the peer-to-peer finance industry

Read More

P2PFA widens membership with eight new associates

July 4, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) has added eight members through the launch of its associate membership scheme.

The new members are not P2P lenders themselves, but they provide a range of support services to the sector. They include law firms … Read More

Investor profile: Spread your bets

June 19, 2017 |

In some ways, Matthew Dodd is not your typical peer-to-peer investor. Many of the industry’s earliest adopters were nearing retirement age, attracted to the higher yields that P2P could offer as a means of boosting their pension pots.

But Dodd, … Read More

ThinCats hires SME veteran for loan origination role

June 14, 2017 |

THINCATS has appointed Natwest SME veteran John Brooks as origination manager, in the latest high profile hire at the peer-to-peer pioneer.

Brooks has spent 30 years working with UK-based SMEs, and joined ThinCats from Natwest, where he spent 12 years … Read More