Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Log In
web
May 24 2017

Proplend and ArchOver join Bud club as aggregator approaches wealth managers

Anna Brunetti Industry News, News alternative finance, ArchOver, Assetz Capital, banks partner p2p, Bud, Landbay, Lending Works, LendingWell, p2p, Proplend, Ratesetter, UK consumers, Zopa

PROPLEND and ArchOver have joined the club of peer-to-peer platforms launching their offerings on Bud, a financial account aggregator that allows them to access a wider network of potential investors.

The two P2P firms joined RateSetter, Zopa, Landbay, Assetz Capital, Lending Works and LendingWell on the online marketplace, which enables consumers to manage all their financial accounts on a single portal.

Commercial property specialist Proplend said a key perk of teaming up with Bud was its high-street lenders client pool – meaning P2P firms would get exposure to a magnified consumer base.

“Bud is really progressive in getting banks to recognise its offering and white label solutions,” said a spokesperson at the firm.

The digital marketplace allows its bank clients to use Bud’s data dashboards on their own websites as a white label product, so that their customers can access it via their in-house page.

“It is very difficult nowadays to build up client loyalty so this service definitely helps to generate that,” said the spokesperson.

Read more:P2P platforms ready to step up their game to attract new borrowers

“We are already getting exposure 4,000 unique users, which Bud is looking to bring to 10,000 soon.”

To reach that target, Bud told Peer2Peer Finance News that it is hoping to extend its white-label offering to wealth managers shortly, a move that would open up the website to a different investor segment, particularly in the high-net worth and ultra high-net worth individuals space.

“They can leverage our technology and product suggestion service to create a data aggregator themselves,” a spokesperson said.

Meanwhile, business lending platform ArchOver is seeking to wind down its third-party distribution partnership with PBF Solutions, a company that helps financial services providers to acquire new customers, from 17 June.

Online distribution intermediaries may not be the best fit for a niche sector that is constantly evolving, highly innovative and internally differentiated, a spokesperson from the platform told Peer2Peer Finance News.

A direct relation with Bud may prove more efficient in conveying P2P features, the source added.

Read more: A helping hand

EstateGuru investors have now earned more than €1m Zopa unveils plan to wind down provision fund as it readies for IFISA launch

Related Posts

Michelle-Mone-photo-credit-Dan-Kennedy

Industry News, News

Michelle Mone’s crypto platform rebrands again

shutterstock_529618147

Industry News, News

Assetz Capital dips into provision fund to refund wind energy investors

shutterstock_1383378692

Global News, Industry News

Funding Circle urges US regulators to follow UK model

Popular posts:

  • Lendy administrator confirms how P2P investors will…
  • P2P platform collapses serve warning about taking…
  • RateSetter: P2P lending approaching ‘watershed…
  • Landbay exits retail P2P lending market
  • Funding Circle goes live with secondary market changes
  • Hargreaves Lansdown’s P2P lending architect joins RateSetter
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2019 • Additional design by