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 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1014923467
February 2 2018

Two firms considering purchase of Trillion Fund technology

Marc Shoffman Industry News, News p2p, P2P bonds, renewable energy, Theresa Burton, Trillion Fund, Triodos Bank

TWO companies are considering purchasing the assets and infrastructure of renewable energy peer-to-peer loans provider Trillion Fund.

The platform’s technology was put up for sale in March 2017 and chief executive Theresa Burton said 25 parties have shown an interest in the past 12 months and there are now two businesses considering a purchase.

“We are still in discussions with two companies who would be buying our technology as a route to entering the P2P space”, Burton told Peer2Peer Finance News.

“They are still deciding about whether to enter the market so we are just one component in that thought process.”

Read more: Ethical lender Triodos Bank enters P2P crowd bonds space

She said other potential buyers had either decided against entering the market or had opted to use external software instead.

Trillion Fund stopped offering loans for P2P projects in 2015 after government renewable energy subsidies were cut.

It launched Your Brand Crowdfunding in 2016 to allow companies to run fundraising campaigns on their own website, but Burton said there had not been enough take-up.

The platform, which holds full regulatory permissions while it is being wound down, has 600 lenders and a loan book of £3m that will close with a final repayment due in April 2018.

If purchased, she hopes to stay on initially to help with a handover before stepping down. If there is no sale, the company will close once the final loan is repaid.

Read more: RateSetter starts preparing investors for IFISA launch

Household debt rises by seven per cent Collateral considers shifting platform to smaller P2P loans

Related Posts

A reminder to Switch Energy Provider on a calendar

Industry News, News, Personal Finance News, Top 3

Zopa launches energy switching and comparison service

Andrew Bailey

Cryptocurrency, Industry News, News, Top 3

Andrew Bailey says cryptocurrencies will not last in their current state

invest fee calculator

Industry News, News, Top 3

Assetz Capital to remove lender fee by June

Popular posts:

  • Everything we know about the CBILS successor scheme (so far)
  • Banks begin freezing accounts suspected of bounce…
  • RateSetter outlines benefits of debt consolidation loans
  • LendInvest bond value lost £5.8m during pandemic
  • Peering into the crystal ball: Industry predictions for 2021
  • Losses narrowed at Lending Works before Intriva takeover
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by