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Peer2Peer Finance News | September 18, 2019

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Barclays loans contribute to widening losses at MarketInvoice

September 13, 2019 |

MARKETINVOICE saw its losses widen to £4.72m last year, due to a £1.17m interest bill for loans and convertible loan notes.

The invoice finance and business loans provider reported an overall loss of £4.72m for the 12 months to 31 … Read More

Barclays begins deploying funding through MarketInvoice

September 6, 2019 |

BARCLAYS has begun deploying funding directly through the MarketInvoice lending platform as the fintech-bank partnership struck in 2018 matures.

“Barclays is now also deploying their funding directly onto the MarketInvoice platform,” Anil Stocker, chief executive and co-founder of MarketInvoice wrote … Read More

New finance council launched to help SMEs ahead of Brexit

September 5, 2019 |

A NEW business finance council has been set up by the government, to support small- and medium-sized enterprises (SMEs) ahead of Brexit.

The UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury on Thursday announced the creation … Read More

Assetz hires banker as regional relationship director

August 8, 2019 |

PEER-TO-PEER lender Assetz Capital has appointed experienced banker Chris Mason as regional relationship director for the East Anglia and East Midlands regions.

In his new role, Mason (pictured) will mostly be working across East Anglia, the East Midlands and London, … Read More

Growth Finance Awards announces full list of finalists

July 8, 2019 |

A COMPREHENSIVE list of all finalists for the inaugural 2019 Growth Finance Awards has now been unveiled, with peer-to-peer lenders competing in a number of categories.

The 47 finalists, all providers of debt to UK businesses, were announced by Intelligent … Read More

ThinCats names former Barclays exec as director of underwriting

July 2, 2019 |

THINCATS has appointed former Barclays executive Andy Hegedus as its director of underwriting.

Hegedus (pictured) joins the peer-to-peer business lender after spending 12 years at Barclays in its small- and medium-sized enterprise (SME) credit team and was also a relationship … 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

How banks are benefiting from P2P tech innovation

April 11, 2019 |

TECHNOLOGICAL innovation is a hallmark of the P2P lending sector, and one of the key things that has supported its explosive growth since 2005 when the first P2P lender came to market.

In contrast, the traditional financial services sector has … Read More

LendInvest appoints trio of banks to work on IPO

March 26, 2019 |

LENDINVEST has reportedly appointed three investment banks to work on its £500m initial public offering (IPO).

The online property lender has hired Goldman Sachs and Barclays as joint global co-ordinators, while BNP Paribas has been appointed to a more junior role … Read More

Funding Options chief eschews M&A predictions

March 15, 2019 |

THE PEER-TO-PEER lending sector is unlikely to see any consolidation, according to the founder and chief executive of business finance aggregator Funding Options.

Conrad Ford, whose platform provides small businesses with a variety of finance options including P2P loans, said … Read More