Tagged: peer to peer

An Education in P2P & P2B from Assetz Capital plc

Assetz Capital Booming UK

London based Assetz Capital Shares Insight into Fast Growing Peer-to-Peer Lending Sector. During my time in London, in addition to touring Westminster Abbey and the National Portrait Gallery, I was fortunate enough to speak with Stuart Law and Luke O’Mahony of Assetz Capital plc who explained the state of P2P lending in the UK and… Read More

Assetz Capital Investors Earned £1 Million Interest in First Year

Assetz Capital

Assetz Capital is on track to lend £100 million by end of 2014. Twelve months after launching in March 2013, peer-to-peer (P2P) crowdfunding platform Assetz Capital has experienced record growth and smashed through the £20 million lent barrier, with loans accelerating to more than £15m in the first quarter of 2014. As a result, investors… Read More

Zopa P2P Platform Surpasses £500 Million in Loans

zopa

P2P Lending Booms as Banks are Cut Out. According to Zopa, the fast growing peer-to-peer lending platform has now lent over £500 million  (Over $813,000,000).  Hurdling the half billion mark clearly places P2P lending in the mainstream of finance in the UK. In the past 12 months alone, Zopa has lent £200 million representing 40%… Read More

LendInvest Has Funded Over £50 Million in Property Transactions

logos

P2P Firm Sees Great Opportunity for Growth. LendInvest, the first peer-to-peer (P2P) crowdfunding platform specifically for residential and commercial mortgages, has confirmed they have passed the £50 Million mark in lending transactions on their platform.  LendInvest passed the £25 Million hurdle just this past January indicating transactions have doubled in a very brief time. Spun… Read More

P2P Lending Receives Big Boost from UK Government with ISA Inclusion

£1 one pound coin

Peer to peer (P2P) lending will be the vehicle that pulls saving back from the brink of extinction, thanks to a recent boost from government linking P2P with ISAs, says Madiston LendLoanInvest. This follows recent commitment from the Treasury that P2P lending will now be included in the new ISA, with a £15,000 annual investment… Read More

Dealstruck Stakes Claim to Small Business Loans

Dealstruck Approved

P2P Crowdfunding Platform Sees Exponential Growth. DealStruck is a P2P crowdfunding platform that is focused on loans for small businesses.  They want to combine the best of crowdlending with the best of traditional finance.  Dealstruck states that more than 82% of small businesses seeking loans from banks are rejected.  This is where they jump in… Read More

Lending Club Offers Loans to Businesses

lending-club

P2P crowdfunding platform Lending Club has announced they are officially entering the business loan sector. “Everyone recognizes that small businesses are an engine of job creation and economic growth, yet their access to capital has been constrained,” said Lending Club CEO Renaud Laplanche. “We look forward to delivering the same customer-friendly, transparent and affordable financing… Read More

Peer-to-Peer Lending Eligible for ISA’s in UK

Budget 2014

As part of the 2014 Budget report delivered by Chancellor George Osborne today, it was announced that ISA’s (Individual Savings Accounts similar to 401k’s in the US) may now hold P2P loans.  The UK government has extended the list of qualifying investments for these widely utilized tax free retirement accounts.  It is also being reported that… Read More

Assetz Capital CEO Comments on P2P Lending Now Allowed in ISAs

Stuart Law

Great News for UK Investors. Stuart Law, the founder and CEO of Assetz Capital – one of the fastest growing P2P lenders in the United Kingdom – has commented on the announced change regarding eligibility for P2P lending assets being included in tax free ISA accounts; “This is great news for investors – returns for… Read More

Updated: LendInvest Now Offers Tranche Loans to Investors

lendinvest

P2P platform LendInvest has introduced a new product on their investment crowdfunding site. Tranche Loans will be a new way for participants to choose their preferred level of risk and return they would like to achieve. LendInvest prides themselves on their high quality products and due diligence. All loans are underwritten with their normal process… Read More

Assetz Capital CEO Comments on P2P Crowdfunding Regulations from FCA

Stuart Law

Beginning of New Era for Alternative Financing in UK. The Financial Conduct Authority (FCA) published regulations on crowdfunding to come into force on April 1, 2014.  The FCA   has confirmed new rules for P2P lending platforms due to come into force on 1 April 2014.  Stuart Law, CEO of Assetz Capital one of the world’s fastest-growing P2P… Read More

Direct Lending Investments Partners with Dealstruck

Dealstruck Approved

Dealstruck Selected by Peer-to-Peer Loan Fund Direct Lending Investments for Investment in Small Business Loans.  Direct Lending Investments, the general partner of a peer-to-peer (P2P) fund with a diversified pool of high-yielding, short-term small business notes, today announced a partnership agreement with Dealstruck, an online crowdlending platform. The deal flow provided by Dealstruck will enable… Read More

Folk2Folk Peer-to-Peer Crowdlending Surpasses £20 Million in First Year

Folk2Folk Team

Turned Away By Local Banks, Business Find Funding in Crowd Lending. Cornwall based Folk2Folk, a peer-to-business (P2B) crowdfunding phenomenon tailored exclusively for the South West region, has helped to secure loans of a remarkable £20million since it was launched in early 2013. Folk2Folk crowdlending platform has uniquely position their site for the Westcountry, offering a… Read More

LendInvest CEO: Is P2P & Crowdfunding a Car Crash Waiting to Happen?

P2P

“Glaring Omissions” with FCA Regulations Regarding Due Diligence by Platforms. There is a lot of hype about the future potential of crowdfunding and peer-to-peer (P2P) lending. The United States has shown the huge potential with platforms such as Lending Club and Prosper lending billions of dollars a year. The Financial Conduct Authority (FCA) in the… Read More

RebuildingSociety to Offer Interest Fee Loans up to £50K

RebuildingSociety

RebuildingSociety.com wants UK businesses of their peer-to-peear crowdlending platform and  they are offering a special incentive through next month. During March, businesses that successfully complete a loan application for up to £50,000 through their P2P lending platform, applicants will be eligible to win their loan completely interest-free, with rebuildingsociety.com paying the interest to its lenders… Read More

eMoneyUnion Now Overfunding on Crowdcube

eMoneyUnion

P2P Lending Platform eMoneyUnion Raises £300,000 in Crowdfunding Round. eMoneyUnion successfully raised £300,000 on equity crowdfunding site Crowdcube and entered into “overfunding” mode.  The target was hit earlier today as 103 investors came together to finance this new company.  The largest single investment was for £55,050.  The amount funded represents 15% equity in the company… Read More

Peer-to-Peer Lenders in the United Kingdom

P2P

The Guardian has put together a very practical list of all the major P2P lenders in the United Kingdom.  The UK has been at the forefront of the P2P crowdfunding industry and the companies participating in this new sector have experienced dramatic growth. The major P2P platforms included: Assetz Capital – started operations in 2013… Read More

Research Reveals Business Owners Use Personal Credit Cards for Financing

British Pounds Sterling

Data provided by Peer-to-Business (P2B) crowdfunding platform rebuildingsociety.com indicates that small business owners continue to use their personal credit cards to finance their companies.  The UK based lending platform shared their research showing: Nearly two out of five (37%) SME’s planning to borrow in next 12 months will use a personal credit card Personal credit card is… Read More

Individual Savings Accounts May Soon Include P2P Assets

RebuildingSociety

Individual Savings Accounts (ISA) are a financial product available to residents of the United Kingdom.  These types of vehicles are used to supplement retirement incomes (somewhat similar to US 401k’s).  Apparently in a meeting held this week between Peer-toPeer (P2P) lenders, ISA industry participants and the UK Treasury each constituency is looking to move forward… Read More

High Street Banks Working with P2P Lenders Suggest SMEs Have Lost Faith in Banks

P2P

Following reports that Funding Circle intends on collaborating with high street banks, Stuart Law, CEO of Assetz Capital, a fast growing peer-to-peer lender based in the United Kingdom stated: “Banks are set up to lend to SMEs, so why would a bank lend through a third party rather than lending directly through its own channels?… Read More