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Peer2Peer Finance News | September 19, 2019

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P2P lenders

China makes raft of arrests and seizes £1.2bn in P2P crackdown

February 18, 2019 |

THE Chinese authorities have arrested 62 suspects abroad and seized $1.5bn (£1.2bn) in assets from peer-to-peer platforms accused of illegal fundraising.

Around 380 P2P platforms have had assets confiscated since June in a crackdown on fraud in the space.

China’s … Read More

No P2P applications to FCA rejected but most are withdrawn, data reveals

August 30, 2018 |

NOT A single application by a peer-to-peer lender for FCA authorisation was rejected outright since the regulator took over responsibility for the sector in 2014, but more than 80 per cent of applications were withdrawn.

The data was revealed in … Read More

Crowdstacker’s IFISA lures in new investors

October 20, 2016 |

90 PER CENT of Crowdstacker’s Innovative Finance ISA (IFISA) investors had not invested with the platform before, affirming predictions that the tax-free product would open up the industry to a wider range of retail investors.

And a fifth of its IFISA … Read More

LendingCrowd tempts new investors with joining bonus

October 20, 2016 |

SCOTTISH peer-to-peer lender LendingCrowd is offering a 2.5 per cent joining bonus on investments of £5,000 and over, in an effort to attract new lenders.

The Edinburgh-based firm, which matches investors with UK-based sole traders and SMEs, also revealed that … Read More