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Peer2Peer Finance News | April 23, 2019

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Welendus

Welendus closes funding round as it prepares for India expansion

April 16, 2019 |

WELENDUS, the peer-to-peer lender focused on short-term loans, has closed its last seed funding round, as it prepares to expand into India.

UK/India cross-border fund Unicorn Ascension Fund (UAF) participated in this round as a co-investor with Pontaq, a London-based … Read More

On brand! How P2P lenders are reinventing themselves

April 10, 2019 |

REBRANDS are in fashion among peer-to-peer lenders.

In recent weeks RateSetter has unveiled a new look and website while Welendus is planning a name change.

We look at the key ways P2P lenders are relaunching themselves.

Logo

A logo is … Read More

Welendus plans rebrand to ‘easier to understand’ name

March 28, 2019 |

WELENDUS is planning a rebrand in the coming weeks that its founder hopes will make the short-term peer-to-peer lender more empowering.

Nadeem Siam (pictured), founder of the platform which launched just last year, said the rebrand would include a new … Read More

Cash ISA vs IFISA: how do returns compare?

February 14, 2019 |

IT IS close to 20 years since the cash ISA launched, helping investors to benefit from the compounding of returns tax-free.

The investment landscape has changed significantly since April 1999, particularly following the great financial crisis in 2008, which brought … Read More

P2P set for fundraising boom in 2019

January 2, 2019 |

INVESTORS could be set to benefit from another bumper year of equity fundraisings in the peer-to-peer lending sector.

P2P lenders raised more than £10m through crowdfunding platforms last year to boost their technology and operations, while almost £2bn was ploughed … Read More

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