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Peer2Peer Finance News | December 14, 2018

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Welendus

One in six households apply for loans to cover household bills

November 9, 2018 |

FIFTEEN per cent of short-term loan applications are being made to cover household bills, new research has revealed.

Of the 35,000 loans peer-to-peer lender Welendus has received this year, 5,000 have been to meet the cost of regular bills.

The … Read More

Welendus expresses caution over problem debt proposals

November 8, 2018 |

WELENDUS has warned that proposals to provide more “breathing space” for individuals struggling with problem debt could fail to tackle the root causes of the issue.

Amer Bhatti (pictured), chief compliance officer at the short-term peer-to-peer loans provider, suggested more needed … Read More

Payday lenders could use Open Banking to allay watchdog’s concerns

November 2, 2018 |

OPEN Banking could help assuage the regulator’s concerns about short-term lenders’ credit assessments, a peer-to-peer finance executive has claimed.

Amer Bhatti, chief compliance officer of P2P payday lender Welendus, thinks that the new data-sharing initiative could help address the issues … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Welendus launches IFISA offering 15 per cent returns

September 6, 2018 |

WELENDUS is the latest peer-to-peer platform to launch an Innovative Finance ISA (IFISA).

The short-term P2P lender is offering investors tax-free annual returns of up to 15 per cent within the product.

Investors are matched with a range of loans … Read More

Proposed investor restrictions threaten P2P sector’s growth

September 4, 2018 |

THE PEER-TO-PEER lending industry has blasted the City watchdog’s proposed investor restrictions as unfair, costly and damaging to the sector’s future.

P2P platforms have been busy digesting the Financial Conduct Authority’s (FCA’s) long-awaited post-implementation review of the sector – released … Read More

Welendus launches third crowdfunding round

August 20, 2018 |

WELENDUS has launched a new crowdfunding round on Seedrs to raise £850,000.

The peer-to-peer short-term loans platform has already raised 95 per cent of the target privately and now has made its listing public.

It is the third Seedrs fundraising … Read More

Welendus slams “extortionate rates” on emergency cash

July 27, 2018 |

WELENDUS has hit out at “extortionate interest rates” in the short-term loans market.

The peer-to-peer lender, which is aiming to shake up the short-term loans market with lower interest rates and no fees for borrowers, shows that finance from rivals … Read More

Welendus hits £200,000 of lending in just five months

June 26, 2018 |

SHORT-TERM loans provider Welendus has hit the £200,000 lending mark within its first five months of operation.

The peer-to-peer platform, founded by former NASA engineer and rocket scientist Nadeem Siam (pictured), said it has received more than 12,000 applications for … Read More

Welendus named among top 100 UK startups

May 22, 2018 |

WELENDUS has been named as the only peer-to-peer platform on a list of the top 100 Startups.

The Startups 100, compiled by small business websites Startups.co.uk, ranks the “most awe-inspiring and fast growth potential” businesses that have launched in the … Read More