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Peer2Peer Finance News | February 24, 2018

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P2P default forecasts are rising, but should investors worry?

February 22, 2018 |

DEFAULT forecasts across some of the main consumer peer-to-peer lending platforms have begun ticking up.

At the same time lenders have faced pressure to keep borrower rates lower to compete with cheaper loan pricing among banks and building societies.

So … Read More

Funding Circle set to hire Morgan Stanley to lead London flotation

February 19, 2018 |

FUNDING Circle is reportedly poised to hire Morgan Stanley to lead a flotation on the London Stock Exchange in the second half of this year.

The largest P2P platform by loan book size in the UK is expected to hire … Read More

Zopa on hiring drive to support credit card launch in 2018

February 16, 2018 |

ZOPA is recruiting staff to develop its new credit card, which it plans to launch later this year as a feature of its digital bank.

The peer-to-peer consumer lender, which first announced plans to launch a bank in November 2016, … Read More

Ultimate guide to Innovative Finance ISAs: Part one

February 15, 2018 |

WITH ISA season upon us, investors this year have a far greater variety of products to choose from.

Peer-to-peer lenders have been busy launching their Innovative Finance ISA (IFISA) propositions, enabling investors to get inflation-busting returns in a tax-free wrapper.

Read More

Zopa launches income verification tool using Open Banking data

February 9, 2018 |

ZOPA has launched an income verification tool that automatically pulls in customer data made available through Open Banking.

The tool verifies a customer’s income using transaction data from their bank, removing the need to manually upload documents.

The solution is … Read More

IFISAs: The long road

February 9, 2018 |

With the industry’s largest lenders now offering the Innovative Finance ISA, surely the tax wrapper will cement its status in the mainstream investment space this year? We provide an update on the product’s process

IT IS hoped that the 2017-18 … Read More

What a difference a tax year makes! P2P platforms pile in to the IFISA market

February 7, 2018 |

THE INNOVATIVE Finance ISA (IFISA) market looks vastly different as ISA season approaches compared with this time last year.

Just a handful of peer-to-peer platforms had full Financial Conduct Authority approval in time to launch an IFISA product in April … Read More

P2P investors risk losses by lending to just one borrower

February 6, 2018 |

PEER-TO-PEER analysis firm 4th Way is urging investors to diversify after stress testing revealed the odds of losing money in a severe recession can be 10 times higher in some cases when lending to just one borrower on a P2P … Read More

From London to New Delhi! Zopa reveals where a £3bn loanbook gets you

February 5, 2018 |

ZOPA investors have funded enough car purchases to fill a traffic queue stretching from London to New Delhi, the platform claims.

The peer-to-peer lender, which reached £3bn of loans last week, has been disclosing where the funds have ended up.

Read More

Zopa investor seeks public listing for new fintech fund

January 31, 2018 |

ZOPA stakeholder Augmentum Capital is planning to list a new fintech fund on the London Stock Exchange that invests in disruptive, high growth companies.

Augmentum Fintech, a closed-ended investment company, will acquire an initial portfolio of five fintech investments from … Read More