Lendable, Lending Works and Assetz Capital among fastest growing tech firms

PEER-TO-PEER platforms including Lendable, Lending Works and Assetz Capital have been recognised amongst the UK’s fastest growing tech companies.

The annual Tech Track 100 league table, compiled by research firm Fast Track and featured in The Sunday Times, ranks the … Read More

Goldman Sachs boosts foothold in consumer credit market via P2P lenders

GOLDMAN Sachs is making inroads into European peer-to-peer consumer lending with investments in Lendable and Brocc, despite a slowdown in consumer credit growth.

The US investment bank this month invested an undisclosed amount into Swedish P2P lender Brocc, and in … Read More

Swedish lender Brocc secures Goldman Sachs funding

SWEDISH peer-to-peer lender Brocc has raised funding from Goldman Sachs to boost its origination of consumer loans.

Brocc said its loans will enable consumers to consolidate existing debts at lower rates.

The size of the facility was undisclosed. It was … Read More

Lendable launches fund with Credit Suisse to back consumer loans

LENDABLE has set up a fund with Credit Suisse to invest in consumer loans via its platform and other finance providers.

The Luxembourg-based credit opportunities fund has raised capital from 10 investors across seven geographies for a three-year investment period … Read More

Institutional interest in P2P continues unabated in 2019

INSTITUTIONS have been highly active in the peer-to-peer lending space this year, in the form of both funding lines and equity investment.

Funding lines have helped P2P platforms to boost their lending volumes, while equity funding has been used by … Read More

Goldman Sachs strikes £200m deal with Lendable

LENDABLE has struck a £200m deal with Goldman Sachs that will see the bank commit to funding loans originated by the peer-to-peer lender.

The investment will come from a division of the US investment bank called Goldman Sachs Private Capital, … Read More

Prodigy Finance launches P2P student healthcare loans

PRODIGY Finance has launched a new loan product to help international students pursuing dental, nursing or public health postgraduate degrees in America.

It will fund eligible borrowers at select schools who are completing a Master of Public Health, Master of … Read More

In the beginning

CONSUMER lending is the oldest segment of P2P, but can it retain its competitive edge against newer and bigger types of P2P finance? Andrew Saunders reports…

Consumer loans may have been the original peer-to-peer product, but are they still the … Read More

LendInvest appoints trio of banks to work on IPO

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 Circle lists on London Stock Exchange

FUNDING Circle has officially been listed on the London Stock Exchange with an initial public offering (IPO) of £300m, and a valuation of £1.5bn.

It is the first UK-based peer-to-peer lending platform to go public.

Samir Desai (pictured), chief executive … Read More