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Peer2Peer Finance News | October 20, 2017

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ThinCats

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

ThinCats concludes £200m funding round to scale up SME lending

October 2, 2017 |

THINCATS, alongside its parent firm ESF Capital, has announced the conclusion of a £200m institutional funding programme, which will enable it to scale up its lending to small- and medium-sized enterprises.

The funding programme is made up of £30m already committed … Read More

ThinCats in advanced talks with new institutions

September 29, 2017 |

THINCATS is in “advanced conversations” with several new institutional lenders, with majority shareholder ESF Capital potentially managing their portfolios.

ThinCats announced on Wednesday that it had updated its terms and conditions, partly to address upcoming changes to its institutional investor … Read More

P2P lenders prepare investors for sort code changes under bank reforms

September 22, 2017 |

PEER-TO-PEER lenders are starting to inform investors about new sort codes on their client money accounts as a result of major banking reforms.

The Banking Reform Act mandates the UK’s banks to separate their retail banking services from their riskier … Read More

ThinCats hires Geoff O’Brien to originate new business in Scotland

September 13, 2017 |

THINCATS has hired a regional origination manager to boost its business in Scotland.

The peer-to-peer business lender said on Wednesday that it has hired Geoff O’Brien (pictured) to develop relationships with businesses, commercial finance professionals and funding advisers, to boost … Read More

How do you invest yours? The P2P platforms offering auto-bid or manual lending

September 1, 2017 |

FUNDING Circle’s upcoming shift away from manual lending will soon mean the three biggest peer-to-peer lenders in the UK only offer auto-bid options, but there is still plenty of choice for investors still looking to self-select their loans.

The manual … Read More

P2P firms alert HMRC to IFISA issues

August 29, 2017 |

PEER-TO-PEER lenders are among a group of companies that are set to present HMRC with a list of Innovative Finance ISA (IFISA) concerns, Peer2Peer Finance News has learned.

P2P business lender ThinCats, IFISA technology provider Goji and financial services trade … Read More

ThinCats plans staggered IFISA roll-out before end of 2017

August 23, 2017 |

THINCATS is preparing to launch its Innovative Finance ISA (IFISA) before the end of the year, with priority given to its existing investors who have registered for the tax-free wrapper.

Earlier this month, ThinCats received full authorisation from the Financial … Read More

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