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Peer2Peer Finance News | September 18, 2019

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Posts By Hannah Smith

Clear as day

September 9, 2019 |

The City watchdog’s new rules mandate greater transparency from peer-to-peer lending platforms, so what does this mean for the industry and its customers? 

EVEN THE SMALLEST peer-to-peer lending platforms generate a large amount of data on their investors, their borrowers … 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

Growth Street in dispute over Open Banking data

May 23, 2019 |

GROWTH Street has defended its methodology that found UK banks had recorded a rising number of Open Banking outages in the first quarter of this year.

The peer-to-peer business lender has claimed that small- and medium-sized enterprises (SMEs) are missing … Read More

Iwoca slams government’s ‘failing’ bank referral scheme

May 23, 2019 |

THE GOVERNMENT’S bank referral scheme is failing and needs a major overhaul if it is to plug a £10bn small- and medium-sized enterprise (SME) funding gap, says Iwoca.

In an open letter to the Chancellor Philip Hammond, the SME finance … Read More

Funding Circle investment trust asks shareholders to approve wind-down plans

May 22, 2019 |

FUNDING Circle is set to begin a managed wind-down of its dedicated investment trust, the Funding Circle SME Income Fund (FCIF), once it gets the green light from shareholders.

The FTSE 250-listed peer-to-peer business lender said last month that shareholders … Read More

P2P platform Lendwise launches to offer postgraduate education finance

May 22, 2019 |

A NEW peer-to-peer lender has launched which specialises in education finance for graduates and professionals.

Financial Conduct Authority-authorised Lendwise is a London-based platform which pairs investors with borrowers who want to fund postgraduate education or professional qualifications to enhance their … Read More

LendingCrowd adds diversification tools to portfolios

May 14, 2019 |

LENDINGCROWD has unveiled two new product features designed to improve diversification for investors.

The Scottish peer-to-peer business lending platform said investors in its Growth Account and Income Account can already create diversified portfolios, but with the addition of the AutoBalance … Read More

Assetz Capital aims to raise £1m on Seedrs as it mulls IPO

May 14, 2019 |

ASSETZ Capital is aiming to raise £1m through its third equity crowdfunding campaign via Seedrs to support its staff and product expansion plans, with a possible stock market listing on the horizon.

More than half of its target for the … Read More

FSCS considers compensation for investors in failed mini-bond firm

May 10, 2019 |

THE Financial Services Compensation Scheme (FSCS) has urged customers of collapsed mini-bond provider London Capital & Finance (LCF) to register for updates as it looks at whether there are grounds for compensation.

The FSCS says it wants to keep customers … Read More

Barclays IT failure delays payments on Lendy platform

May 10, 2019 |

A RECENT IT failure at Barclays Bank has caused delays to deposits and withdrawals for Lendy customers, the platform says, as it continue to work through a payments backlog.

Users trying to make and request payments on Lendy at the … Read More