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Peer2Peer Finance News | February 22, 2018

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European P2P market hits £6.8bn but UK’s share is falling

January 22, 2018 |

THE UK saw its share of the European alternative finance market fall in 2016 as other parts of the continent experienced a boom in volume.

The third annual European Alternative Finance Industry Benchmarking Report by the Cambridge Centre for Alternative … Read More

Funding Circle hits €100m lending milestone in Germany

December 18, 2017 |

FUNDING Circle has hit the €100m (£88.2m) loans milestone in Germany just two years after launch in the country.

The business lending platform says 3,000 investors have backed 1,100 German businesses and created more than 2,000 jobs since 2015.

The … Read More

UK fintech funding rises as Brexit unease softens

November 7, 2017 |

FINTECH funding in the UK was almost six times higher in the third quarter of 2017 than in the same quarter the year before, increasing from $120m (£91.3m) to $636m.

KPMG, which published the figures using data from PitchBook, said … Read More

Sector deal vital for UK to remain leading fintech hub

October 12, 2017 |

Securing a sector deal offers the UK the greatest chance of maintaining its status as a global fintech hub, according to a report commissioned by the City of London Corporation.

The Value of FinTech report, produced by KPMG, states that … Read More

UK slides down global competitiveness rankings

September 27, 2017 |

THE UK has slipped one place in the prestigious global competitiveness index, and its place could be further compromised by Brexit, economists have warned.

The annual tables, complied by the World Economic Forum (WEF), ranks 138 countries across a range … Read More

Irish P2P lender GRID Finance rules out UK as part of growth plans

September 5, 2017 |

IRISH peer-to-peer lending platform GRID Finance has ruled out the UK as part of its current expansion plans.

The business lender announced it had received €3m (£2.7m) of finance yesterday that will help to fund expansion into new markets, but chief executive … Read More

UK fintech investment hits 18-month high

August 1, 2017 |

INVESTMENT in UK fintech hit an 18-month high in June, research suggests.

Data from the latest KPMG Pulse of Fintech report shows investment in UK fintech during the second quarter of 2017 was worth $1.4bn (£1.1bn), up from $0.1bn year-on-year … Read More

UK alternative lending jumped 48 per cent in final months of 2016

March 29, 2017 |

UK NON-BANK lending increased by 48 per cent quarter-on-quarter in the final three months of 2016, as businesses shook off uncertainty over the EU referendum, new research shows.

Deloitte’s latest Alternative Lender Deal Tracker recorded 31 UK non-bank deals in … Read More