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Peer2Peer Finance News | February 18, 2019

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Zopa

Zopa names new P2P chief and chairman

February 14, 2019 |

ZOPA has promoted Natasha Wear to chief executive of its peer-to-peer business, amid a boardroom reshuffle that will see Zopa co-founder Giles Andrews step down as chairman.

Wear, who was most recently Zopa’s head of investment products, has helped develop … Read More

Zopa heralds IFISA as “the perfect middle ground” for investors

February 13, 2019 |

ZOPA has deemed the Innovative Finance ISA (IFISA) “the perfect middle ground”, after its research found that stock market volatility is dissuading UK consumers from investing.

The peer-to-peer consumer lender, which is readying to launch a digital bank, surveyed 2,000 … Read More

P2P lenders face tough credit conditions as insolvencies hit record highs

February 11, 2019 |

PEER-TO-PEER lenders are keeping a close eye on credit conditions in the face of record personal and business insolvencies in the UK, with one platform already reviewing its return forecasts.

Figures released by the Insolvency Service for 2018 show personal … Read More

IFISAs: Plenty to play for

February 8, 2019 |

The Innovative Finance ISA has been boosted by the ‘big three’ lenders unveiling their tax-free products, but are they now helping or hindering the competition? 

THE MAJORITY OF peer-to-peer lenders now offer tax-free earnings through the Innovative Finance ISA (IFISA) … Read More

Zopa passes £4bn lending milestone

February 1, 2019 |

ZOPA has hit the £4bn lending milestone.

The peer-to-peer consumer lender said the milestone equates to 170,000 car loans, 135,000 debt consolidation loans and 110,000 home improvement loans, since it started lending in 2005.

“Since pioneering the P2P lending industry … Read More

Zopa reveals the nation’s most loved and hated expenses

January 25, 2019 |

ZOPA, the peer-to-peer consumer lender, has found that the BBC TV licence fee has topped the nation’s most-hated list of payments.

The firm, which recently rebranded itself as the FeelGood Money company, found that seven in 10 Brits said they … Read More

RateSetter hits 75,000 investor milestone

January 23, 2019 |

RATESETTER has announced that it now has more than 75,000 investors on its peer-to-peer lending platform.

In comparison, Zopa has 60,000 investors, while Funding Circle has 79,000.

Mario Lupori (pictured), chief investments officer for RateSetter, said investors have enjoyed returns … Read More

Will 2019 be the year of the Innovative Finance ISA?

January 22, 2019 |

APRIL brings the dawn of a new tax year, and it will also mark the third anniversary of the launch of one of the latest additions to the ISA stable: the Innovative Finance ISA (IFISA).

Offering consumers the chance to … Read More

The future of data

January 22, 2019 |

One year on from the launch of Open Banking, Danielle Levy investigates the impact of the data-sharing initiative on the peer-to-peer lending industry…

OPEN BANKING  launched to great fanfare in January 2018, promising to boost innovation in financial services and … Read More

P2P lenders deliver FTSE-beating returns in 2018

January 21, 2019 |

THE UK’S largest peer-to-peer lenders delivered a FTSE-100 beating return in 2018, amid a turbulent period for the UK’s leading index.

Zopa said a £5,000 investment in a Zopa Plus account would have earned 5.2 per cent or £260 in 2018, 13.5 … Read More