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Peer2Peer Finance News | September 23, 2019

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ArchOver

P2P lending rises in January as Funding Circle hits £2bn milestone

February 21, 2017 |

FUNDING Circle became the second UK peer-to-peer lender to hit the £2bn milestone yesterday, as research showed that the sector had a strong start to the year.

Funding Circle’s UK division has now lent £2bn to small businesses, the … Read More

New rules to tackle £26bn owed to SMEs in late payments

January 31, 2017 |

THE GOVERNMENT has unveiled new reporting guidance for large businesses, to address the £26.3bn owed to small- and medium-sized enterprises (SMEs) in late payments.

The reporting guidance comes as small business minister Margot James announces new regulations in parliament. The … Read More

ArchOver launches new lending model to expand borrower base

January 27, 2017 |

ARCHOVER has launched a new lending model, so that it can cater to a wider range of business borrowers.

The peer-to-peer business lender specialises in a so-called “secured and insured” model, facilitating fixed-term loans for companies secured on their … Read More

2016: P2P’s record year

January 19, 2017 |

·        £3bn lent out by platforms

·        Funding Circle breaks through the £100m mark

·        UK market could be worth £35.5bn by 2025

THE UK’S largest peer-to-peer lending platforms saw record growth last year, as commentators predict that 2017 … Read More

P2P soars but looming rate hikes could cool investor growth

December 8, 2016 |

PEER-TO-PEER lending has experienced stellar growth in the second half of 2016, but central bank rate hikes next year could dampen investor demand, new research has said.

Nine major UK P2P platforms lent over £278m in October, breaking the record … Read More

Late payments are killing small businesses, warns FSB

November 16, 2016 |

A CASH flow squeeze caused by late payments is costing the UK economy £2.5bn each year and causing 50,000 small firms to go bankrupt, the Federation of Small Businesses (FSB) has warned.

The trade body has blasted large companies … Read More

ArchOver extends P2P insurance contract with Coface

November 15, 2016 |

ARCHOVER has extended its agreement with credit insurer and collections company Coface for a further three years.

The peer-to-peer business lender helps facilitate fixed-term borrowing for companies secured on their accounts receivable, which are then insured. It uses this “secured … Read More

UK P2P platforms lent £2.6bn over the last year, new index reveals

November 15, 2016 |

EIGHT of the UK’s largest peer-to-peer platforms lent £2.6bn over the last year, at an average of £197m per month, according to a new index from online aggregator OFF3R.

September 2016 was the strongest month for P2P lenders, with almost £234m … Read More