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Peer2Peer Finance News | September 18, 2019

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Posts By Tom Rodgers

Zopa warns over imitation scam firms

September 18, 2019 |

ZOPA has warned over a growing number of scam operators targeting UK customers using the peer-to-peer lender’s name to dupe investors.

“Online fraud is on the rise and the people behind the scams are getting smarter — we have even … Read More

MarketInvoice: Cash flow headaches slow growth of 87pc of UK SMEs

September 18, 2019 |

87 per cent of the UK’s small businesses cannot take on new orders because of problems with cash flow, MarketInvoice research has found.

A survey of 1,000 small firms by the business finance provider also found that two-thirds (67 per … Read More

Record numbers of investors and borrowers as cumulative lending hits £11.3bn

September 18, 2019 |

MORE than 150,000 lenders were invested in 321,483 loans facilitated by Peer-to-Peer Finance Association (P2PFA) platforms at the end of the second quarter, which the trade body deemed “a record level of involvement in the sector”.

Cumulative lending through the … Read More

GLI share price slides on ‘disappointing’ £6m loss

September 18, 2019 |

SHARES in GLI Finance skidded 28 per cent lower in morning trading, after the alternative finance firm reported a “disappointing” half-year loss.

The Aim-listed firm posted a £6.1m overall loss in the six months to 30 June 2019, although this … Read More

FCA urges firms to prepare for no-deal Brexit and launches helpline

September 11, 2019 |

FIRMS should prepare for the possibility of a no-deal Brexit, says the Financial Conduct Authority (FCA), as it launches a dedicated helpline for businesses.

The City watchdog, which oversees the peer-to-peer lending market as well as the rest of the … Read More

FundingSecure boosts communication after ‘period of transition’

September 11, 2019 |

FUNDINGSECURE said it has improved communication, increased the frequency of its loan updates and launched more investor evenings, in response to customer concerns.

The peer-to-peer pawnbroker, which offers loans against assets like jewellery or cars, said it was putting more … Read More

CapitalRise bullish on London prime property despite Brexit

September 4, 2019 |

CAPITALRISE says London’s prime property market is in good shape in spite of challenging macroeconomic conditions.

The peer-to-peer property lender, which specialises in prime property in London and the South East, said it had assessed over £1.88bn of deals over … Read More

P2P loans in rubles attractive to European investors

September 4, 2019 |

NEGATIVE interest rates in the Eurozone have prompted European peer-to-peer investors to consider lending in other currencies, research has found.

A survey of P2P investors by Croatian P2P platform Robo.cash found that the Russian ruble takes second place behind the … Read More

Landbay partners with Mortgage Intelligence

September 4, 2019 |

LANDBAY has unveiled a new partnership with Mortgage Intelligence to boost its distribution network.

Brokers and their landlord clients will now be able to access the buy-to-let specialist’s range of products via Mortgage Intelligence, a mortgage network which incorporates four … Read More

Zopa adds two-factor authentication to beef up security

August 23, 2019 |

ZOPA has bolstered its security by adding two-factor authentication for investors.

The peer-to-peer consumer lender said it had been instituting the changes “over the last few months” in order to protect investors’ details.

Emails sent out to users noted that … Read More