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Peer2Peer Finance News | August 22, 2017

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Zopa

Autobid vs manual: Which is truly P2P?

August 22, 2017 |

FUNDING Circle’s decision to get rid of its popular manual bidding function has re-opened the debate into autobid vs manual marketplace lending. Despite promising higher overall returns, some investors have complained that autobidding removes some of their choice, making it … Read More

Zopa scales back higher-risk lending due to UK consumer credit outlook

August 22, 2017 |

ZOPA has reduced its exposure to higher-risk loans due to the UK’s worsening consumer credit outlook, which has led it to lower its projected returns on some investments.

The peer-to-peer lender also said that it is expecting slightly higher losses … Read More

Zopa’s revenues rocket thanks to rise in loan origination

August 22, 2017 |

ZOPA saw its revenues soar by 61 per cent last year, after loan origination increased by almost a third.

The world’s oldest peer-to-peer lender, which specialises in consumer finance, posted revenues of £33.2m, up from £20.6m the previous year.

The … Read More

From disruptors to dealmakers

August 16, 2017 |

THE MOST significant M&A deals don’t always manage to grab the headlines. The business pages are packed with analyses of multi-billion dollar mergers or failed acquisitions, and the so-called 50 per cent failure rate is ominously cited any time there … Read More

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per … Read More

RateSetter in “final stages” of FCA authorisation process

August 14, 2017 |

RATESETTER believes it is in the “final stages” of reaching full authorisation after becoming the last of the main peer-to-peer lenders to be trading on interim permissions.

The platform is the last of the Peer2Peer Finance Association (P2PFA) members still … Read More

Zopa provides update on ‘disappearing money’ IT glitch

August 11, 2017 |

ZOPA has said that it has fixed a technical issue that resulted in a small amount of money seeming to have disappeared from some investors’ accounts.

The peer-to-peer consumer lender said in a blog post on its website on Friday … Read More

Investors remark on “disappearing capital” from Zopa IFISA due to IT glitch

August 8, 2017 |

SEVERAL lenders who invested through Zopa’s Innovative Finance ISA (IFISA) have complained that small amounts of money were disappearing from their account.

The issue occurred when funds were invested in the ISA Plus product and appeared to be missing capital … Read More

VC firm behind Zopa among judges at PitchIt funding competition

August 8, 2017 |

A VENTURE capital (VC) firm that backed Zopa in its early days has been named among judges for the second annual PitchIt Europe competition.

The event, taking place at the LendIt Europe conference in London from 9-10 October, allows small fintech … Read More

Playing by the rules

August 4, 2017 |

The peer-to-peer lending industry is waiting with baited breath for the reg­ulator’s full report from its review into the sector. Will its outcome herald a new era for P2P, or just new hurdles to overcome?

It is often said that … Read More