Tagged: funding circle

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

One Pound UK £

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired these investments from private funds managed by the Company’s investment… Read More

Funding Circle & Lancashire County Council Partnership Boosts 230 Local Businesses

Lancashire County Council

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two entities was launched 2 years ago with the Council providing… Read More

Chancellor George Osborne Calls UK the “Comeback Country” as He Touts FinTech, Innovation & More

George Osborne 2

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of the Great Recession remain stark for all, but according to… Read More

The Next British Invasion: Non Registered Securities Via the Crowd Can Succeed in the United States

The Beatles British Invasion

At the end of 2014, Robert Steinhoff, a JD candidate at the University of Colorado Law School, published a comment on the investment crowdfunding environment in the UK drawing a parallel to what could occur in the United States. The interesting thesis recognized the UK as leading the securities crowdfunding space having embraced a light… Read More

Victory Park Capital to List VPC Specialty Lending Investments on LSE

Peer2PeerLendingUK

Peer to peer lending investor Victory Park Capital has filed a prospectus to list shares on the main exchange of the London Stock Exchange (LSE). Victory Park has been aggressively investing in P2P assets having recently committed a solid $420 million to Funding Circle in both the UK and United States. VPC Specialty Lending Investments PLC… Read More

UK Funding for Lending Scheme Continues to Fail in Mission. Funding Circle Says “Banks Are Not The Answer”

Dinosaur Old Antiquated

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all businesses was -£6.9bn in the fourth quarter of 2014. The… Read More

Fitch Tells Community Banks There are Risks & Opportunities in Partnering with Peer to Peer Lenders

The Future of Banking

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present to help community banks regain a greater presence in the… Read More

UK Peer to Peer Lending Index Launched by AltFi

Liberum AltFi Returns Index

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index calculations are based on aggregated data from just the 3… Read More

Funding Circle Passes £500 Million in Loans for Small Business

10£ Queen Elizabeth British Pounds

UK based business lender Funding Circle has reached a new milestone in peer to peer lending.  The 4 1/2 year old company has now topped £500 million in loans that have been provided for over 7000 UK SMEs in need of finance.   It took just shy of 4 years to hurdle £300 million, which they did in July… Read More

Funding Circle Fires UP Fractional Loans. P2P Lender Claims First in US Market

Funding Circle Affordable loans

Funding Circle, a small business loan marketplace, has claimed “first’ in offering individual investors the opportunity to invest in secured fractional small business loans with the launch of its new Fractional Loan Marketplace. Now individual investors may purchase fractional loans ranging in size from $25,000 to $500,00 with terms from one to five years. Coupon rates… Read More

Peer to Peer Lenders & RBS Join Forces to Fund UK Businesses; Chancellor of the Exchequer George Osborne Welcomes P2P Partnership

Royal Bank of Scotland RBS

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is expected to give “thousands of small British Businesses greater access… Read More

Funding Circle Partners with Herefordshire Council to Boost Local Economic Growth

Funding Circle Herefordshire

Funding Circle, a business oriented peer to peer lending platform, has signed onto a new partnership with local government Herefordshire Council to launch a “pioneering” agreement.  The new partnership is designed to boost local economic growth and job creation via improved access to business finance.   Herefordshire Council has committed to lend £50,000 directly to… Read More

Funding Circle Runs Stress Test on Platform

10£ Queen Elizabeth British Pounds

Peer to peer lender Funding Circle recently tested their own platform to see how things would shake out during “adverse economic conditions”.  As we all know economies ebb and flow through an endless cycle of growth and retrenchment.  The “Great Recession” was an extreme example that leveled more than a few financial institutions and caused… Read More

Brief: Co-Founder & Chief Executive of Funding Circle Comments on Lending Club’s IPO Announcement

Samir Desai 1

Earlier this morning, Crowdfund Insider reported that Lending Club, the largest peer to peer lender in the world, announced it will finally be listing shares today as its public offer trades on the New York Stock Exchange. The platform’s IPO will be  trading under the symbol “LC,” and is described as a bellwether for the entire… Read More

Funding Circle: £132 Million Will Be Invested Into UK Small Businesses via KLS Diversified Asset Management

Funding Circle How it Works

New York based KLS Diversified Asset Management has agreed to invest £132 million in loans to small business originated via peer to peer lender Funding Circle.  The loans will be from a private fund managed by KLS and will provide a “further injection of much needed funding into British small business sector”.  KLS will invest… Read More

PWC & Funding Circle form UK Partnership

Funding Circle and PWC

UK based peer to peer lending platform Funding Circle has announced a partnership with global consulting firm PWC to support more UK businesses access capital.  PWC will now funnel small business clients seeking funding to Funding Circle.  This is similar  to the agreement Funding Circle revealed this past summer where global banking firm Santander will… Read More

Shire Leasing has received an £80 million boost by the British Business Bank and the private sector.

10£ Queen Elizabeth British Pounds

Shire Leasing, a company that provides lease finance to small businesses, has received an £80 million boost from an investment by the British Business Bank and the private sector.  This is part of a wider UK government policy to make it easier to setup and start a small business.  It should be noted that the… Read More

London Tech Sector Booms; Over $1 Billion Raised by Tech Firms in 2014

Boris Johnson

Peer to Peer Lender Funding Circle Leads Claims Largest Deal for 2014. According to a report from London & Partners, tech in London is booming and setting record levels of investment.  So far for 2014 technology firms have captured over $1 billion in aggregate investment.  This amount is through Q3 of 2014 and represents a… Read More

AltFi Awards Recognizes New Financial Innovators

industry quality award trophy

AltFinance News celebrated innovation in finance yesterday with their AltFi Awards 2014. The ceremony was held at the Vinopolis in London and recognized a diverse group financial industry participants including crowdfunding and peer to peer lending sites.  The big winner for the night was RateSetter who took home three different trophies. The companies receiving awards… Read More