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Peer2Peer Finance News | September 18, 2019

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Growth Street

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

Most P2P investors back new FCA rules, finds Growth Street

August 13, 2019 |

PEER-TO-PEER investors back the regulatory changes coming to the sector, according to a market survey from Growth Street.

55 per cent of 356 investors surveyed by the P2P business lender said they believe the Financial Conduct Authority’s (FCA) incoming rules will … Read More

Growth Street: BoE rate hold could drive people to P2P

August 1, 2019 |

GROWTH Street thinks that the Bank of England’s decision to hold interest rates this month could drive individuals towards peer-to-peer investing.

The central bank’s monetary policy committee voted unanimously on Thursday to maintain the base rate at 0.75 per cent.

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Growth Street pledges £75m overdraft funding for East Anglia

July 24, 2019 |

GROWTH Street has pledged to commit £75m of overdraft-style financing to small- and medium-sized enterprises (SMEs) in East Anglia.

The peer-to-peer business lender, which provides a revolving credit facility for borrowers, said it is already 10 per cent towards its … Read More

Streets ahead

July 15, 2019 |

THE BIG GUNS IN peer-to-peer small- and medium-sized enterprise (SME) lending have been pretty successful at opening up the price and availability of both secured and unsecured loans over the past decade or so. Now, says Greg Carter, chief executive … Read More

Three quarters of SMEs fear chasing late payments

July 12, 2019 |

MOST small- and medium-sized enterprises (SMEs) are afraid to take action against a late payment, despite unpaid invoices posing a “significant” issue for their business.

According to a new white paper from the Small Business Commissioner, Paul Uppal, and business … Read More

Growth Street’s IFISA attracts £1m in just six weeks

July 8, 2019 |

GROWTH Street’s Innovative Finance ISA (IFISA) has attracted £1m in deposits in the six weeks since it was launched.

The peer-to-peer business lender said on Monday that it now has 179 investors signed up to its tax-free wrapper, which offers … Read More

Growth Street has lent out more than £500m

July 4, 2019 |

GROWTH Street has announced that it has funded more than £500m-worth of business loans, as it looks to diversify its funding channels.

The peer-to-peer business lender unveiled the milestone on Thursday, adding that it coincides with the firm’s desire to … Read More

Growth Street hiring spree snaps up three senior staff members

July 2, 2019 |

GROWTH Street has hired two senior staff members from other alternative lenders to lead its data and corporate development teams.

The peer-to-peer business lender has recruited Aaron Samuels as head of business intelligence from LendInvest and Aman Mehra has joined … Read More

Growth Street raises £10m from City investors

June 18, 2019 |

GROWTH Street has closed a £10m institutional funding round and said it will use the proceeds to improve its credit decision systems and expand its sales team.

The peer-to-peer business lender’s latest funding round was led by existing investors Merian … Read More