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Peer2Peer Finance News | June 25, 2019

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Zopa finds two thirds of loan applicants are charged higher rate than advertised

June 24, 2019 |

ZOPA research has found that two thirds of loan applicants are being offered a higher rate than advertised by banks and is calling for a fairer and more transparent loan market.

The peer-to-peer consumer lender, which is launching its own … Read More

Augmentum Fintech unveils £30m share offer

June 14, 2019 |

AUGMENTUM Fintech has unveiled plans for a new share issue to raise approximately £30m.

The fintech-focused investment trust, which has Zopa as its largest holding, is to issue 26,785,714 ordinary shares priced at 112p each and may increase the offering … Read More

Revealed! The fastest growing P2P lending platforms by loanbook, investors and borrowers

June 14, 2019 |

THE latest Peer2Peer Finance Association (P2PFA) data shows some of the UK’s largest platforms are now lending more than £10.5bn, but how are they performing individually?

At a headline level, the P2PFA data, as of the end of March 2019, … Read More

Augmentum Fintech fund invests a further £8.5m into its portfolio

June 13, 2019 |

AUGMENTUM Fintech has made £8.5m of further investments across three technology companies in its portfolio.

The investment trust, which includes Zopa as its largest holding, has put more money into challenger bank Tide, mobile-only current account provider Monese and information … Read More

Funding Circle loanbook hits £5bn as P2PFA reveals health of the sector

June 13, 2019 |

FUNDING Circle’s UK loanbook passed £5bn in the first three months of the year, industry data shows.

Figures from the Peer2Peer Finance Association for the first quarter of 2019 shows Funding Circle’s cumulative loanbook hit £5.04bn as of March.

It … Read More

P2P industry yet to see wave of consolidation

June 13, 2019 |

THE WAVE of M&A activity that was expected to engulf the peer-to-peer lending sector has yet to materialise.

Industries which have a proliferation of smaller players fighting to grow market share are typically prime candidates for takeovers and mergers, so … Read More

Augmentum Fintech seeks backing for 150m share issue

June 11, 2019 |

ZOPA-backer Augmentum Fintech is set to seek shareholder approval to issue a further 150m of shares over the next 18 months to back £450m worth of potential investments.

The fintech-focused investment trust’s shareholders will be able to vote on the … Read More

UK P2P sector poised for “significant further growth”

June 5, 2019 |

THE UK’S peer-to-peer lending sector is set to experience “significant further growth”, according to Standard & Poor’s.

A report released by the ratings agency this week said that the growing involvement of institutional funds and increased securitisation issuance are set … Read More

Here’s what the industry thinks of the FCA rule changes

June 4, 2019 |

THE FINANCIAL Conduct Authority (FCA has released its long-awaited, updated rules for the peer-to-peer lending sector, which confirm the introduction of investor marketing restrictions.

Here’s the industry reaction so far – keep an eye out for rolling updates

RateSetter chief … Read More

Zopa says fintech revolution has killed off monogamous banking

June 3, 2019 |

ZOPA has declared that “monogamous banking is a thing of the past”, as new research reveals that the average UK adult has a relationship with seven different financial providers.

The peer-to-peer consumer lender, which is launching a digital bank, said … Read More