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Peer2Peer Finance News | October 15, 2018

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Zopa narrows losses despite banking arm investment

October 5, 2018 |

ZOPA narrowed its losses from £6.6m to £4.2m last year despite a major investment into its new banking arm.

Revenues increased by 32 per cent to £50m, representing a slowdown in growth from 2016 when revenues soared by 61 per … Read More

Theresa May’s fintech ambassador to chair panel at The FP Show

October 1, 2018 |

ALISTAIR Lukies (pictured), who is Prime Minster Theresa May’s business fintech ambassador, is to chair the fintech discussion panel at The Finance Professional Show.

Lukies founded a platform connecting branches of government before going on to start Monetise, a system … Read More

Zopa customers vote Bond’s Aston Martin as most iconic screen car

October 1, 2018 |

THE ASTON Martin DB10 driven by Daniel Craig in the James Bond films has been voted the most iconic car in film and television.

The car won 35 per cent of votes in a poll conducted by peer-to-peer platform Zopa.

Read More

Zopa supports Citizens Advice ‘super-complaint’

September 28, 2018 |

ZOPA is supporting a ‘super-complaint’ against the Competition and Markets Authority (CMA) which aims to stop loyal bank customers from being overcharged.

National consumer protection charity Citizens Advice lodged the super-complaint on Friday, after calculating that UK consumers lose out … Read More

Funding Circle lists on London Stock Exchange

September 28, 2018 |

FUNDING Circle has officially been listed on the London Stock Exchange with an initial public offering (IPO) of £300m, and a valuation of £1.5bn.

It is the first UK-based peer-to-peer lending platform to go public.

Samir Desai (pictured), chief executive … Read More

UK P2P sector approaches £10bn lending milestone

September 27, 2018 |

THE loanbooks of the UK’s biggest peer-to-peer lenders approached £10bn in the second quarter of 2018.

Figures from the Peer-to-Peer Finance Association (P2PFA) show the eight members of the trade body have lent a combined £9.9bn to borrowers as of … Read More

Ex-payday lending boss joins Zopa

September 20, 2018 |

ZOPA has appointed former payday lending boss Zitah McMillan as a non-executive director on the board of its peer-to-peer business, Peer2Peer Finance News can reveal.

McMillan previously held top communications roles at the Department of Work and Pensions and the … Read More

Zopa co-founder to speak at The Finance Professional Show

September 20, 2018 |

ZOPA co-founder James Alexander (pictured) has been confirmed as the keynote speaker at The Finance Professional Show.

Alexander, who previously held the chief executive role at the world’s oldest peer-to-peer lender, is now a director at global advisory firm Future … Read More

Zopa boosts target interest rates across all products

September 17, 2018 |

ZOPA has boosted its lender returns in response to the recent Bank of England interest rate rise.

The peer-to-peer lender is now offering target returns of 4.5 per cent on its Core product and 5.2 per cent for its Plus … Read More

“Touch me a loan!” Zopa reveals how different regions ask for money

September 13, 2018 |

FROM moolah to dough, there are plenty of ways people describe money, and now Zopa has collated a list of the most common words depending on where you live.

Working with Dr Rob Drummond, senior lecturer in linguistics at Manchester Metropolitan University, the … Read More