Tagged: uk

FundingKnight Pushes Into Renewables with £450K for Wind Farm

Wind Turbine Earthmill

UK based FundingKnight is a peer to peer lender that provides short-term funding to allow property owners or investors to acquire or improve commercial or residential property prior to selling or refinancing it. These loans typically range from £100,000 to £500,000 – a max amount that was recently increased due to “borrower demand“.  In a… Read More

P2PFA Makes Announcement: UK P2P Lending Hits £1.3 Billion in 2014

Peer to Peer Finance Association P2PFA UK

The peer-to-peer lending industry in the UK lent more than £1.3 billion in 2014 according to new figures released today from the Peer-to-Peer Finance Association (P2PFA). The sector has now lent more than £2.1 billion in total, doubling in size since the end of 2013, says the trade body. The figures also show a growth in… 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

RateSetter, Leading UK P2P Lender, Grows into Australian Market

Ratesetter Australia

  RateSetter, one of the UK’s largest peer-to-peer lending platform, recently began officially courting a new country’s market: Australia. In is first international expansion, the company launched into Australia in October 2014, and remains the “first and only company in Australia to provide peer-to-peer lending to retail savers and investors,” according to its Australian website…. Read More

iProperty: “UK Property Industry is Running Scared”

Boxing Fight

This is a bit of an interesting story of the disruption occurring in the UK real estate market. The internet is improving all forms of commerce.  Real estate is one of the industries in dire need of innovation.  A company called theiPropertyCompany launched last year to list real estate globally for free. No buyers or… Read More

P2P Real Estate Lender LendInvest Tops £200 Million to Start New Year

Rocket Launch

LendInvest, a peer to peer lender for real estate mortgages, has topped the £200 million mark in loans since the platform launched in May of 2013.  LendInvest started as an offshoot of Montello Capital Partners.  In October of last year there was a bit of a role reversal as now Montello operates under the aegis… Read More

Mangopay Establishes Presence in UK in Expansion Push

Céline Lazorthes

Luxembourg based Mangopay, a payment solutions provider that works with a broad variety of transactional sites including crowdfunding platforms, has opened up an office Level 39, Canary Wharf in London positioning the company for further growth.  The Mangopay API was released in 2013 and today has over 350 European clients.  Mangopay will be working with Barclays as… Read More

The Green Party Quickly Approaches £100,000 Through Crowdfunder UK

Green Party 1

The Green Party has pioneered a new path for British politics by using Crowdfunder to raise money, campaign and bring greater choice to voters in 2015. Over the last three months 64 Green Party parliamentary candidates have used Crowdfunder, gathering the support of over 2,500 backers and raising an average of £550 a day. This money is… Read More

P2P Global Investments Successfully Raises £250 Million

P2P Word Cloud Boost

P2P Global Investments plc has announced their C Share funding round was over-subscribed and is now closed. According to a company spokesperson, the issue raised gross proceeds of £250 million via the issue of 25 million C Shares, of which 24,098,657 C Shares will be issued under the Placing and 901,343 C Shares will be issued… Read More

Zopa Receives 2X Recognition at MoneyFacts Awards

Giles Andrews

Peer to peer lender Zopa received a nice shout out at the 2015 Moneyfacts Awards. Zopa received awards for both “Personal Loan Provider of the Year” and “Best Customer Service”. The latter award is particularly nice as the P2P space continues to grow and service will continue to be a great product differentiator. The judging… Read More

Will the FCA Clamp Down on Peer to Peer Lenders?

Peer2PeerLendingUK

Recently the Financial Conduct Authority (FC) has been reviewing promotional practices of peer to peer lenders in the UK. This event was shared in a recent report from the FT which posed the question will the FCA clamp down on advertising practices utilized by P2P lenders in the UK. Chair of the P2PFA, Christine Farnish, was… Read More

Brief: Zopa Signs up C4L to Boost Network & Security

P2P

Peer to peer lender Zopa has contracted with the C4L network for fast and secure circuit connectivity between Zopa’s Data Centres and headquarters. Zipper’s CEO Matt McGuire, was quoted on the arrangement: “We are very pleased with the service we have received from C4L and the solution they have created for us. Our customers’ data is extremely secure… Read More

UK’s Wedding Supplies Website World of Wedmin Seeks £100,000 Through Equity Crowdfunding Campaign on Seedrs

WOW 1

Earlier this month, Brighton-based wedding supplies website World of Wedmin (WOW) launched an equity crowdfunding campaign on Seedrs to raise £100,000 to continue its expansion through the UK. According to its campaign, World of Wedmin is an online platform that enables brides and grooms to find and compare wedding suppliers throughout the UK. The company states that… Read More

The Good Egg Quickly Overfunds on Crowdcube: Sunny Side Up in the UK

The Good Egg 3

The Good Egg has successfully raised over £216,400 with the help of over 205 investors through its Crowdcube equity crowdfunding campaign, overfunding by 120%. As previously reported by Crowdfund Insider’s Samantha Hurst, The Good Egg which was inspired by Californian deli Wise Sons, has not only drawn the attention of London brunch lovers, but also has received positive feedback… Read More

P2P Global Boosts Share Issue Due to Strong Demand

I love Peer to Peer Lending P2P

P2P Global Investments, the first peer to peer lending investment trust to trade on the LSE ever, has stated the C share issue, announced earlier this month, has been increased due to solid demand. P2P Global Investments seeks out investment opportunities in P2P assets.  P2P Global trades under the appropriate ticker symbol “P2P“. P2P Global… Read More

Oliver Gajda, Co-Founder & Executive Board Chairman of the European Crowdfunding Network, Creates Transparency and Accountability in EU Crowdfunding Market

Oliver Gajda Featured Quote

As many Crowdfund Insiders know, when The University of Cambridge teamed up with EY and launched the European Alternative Finance Benchmarking Survey, the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative finance in Europe was initiated. This benchmarking survey, which closed on 6 January 2015,  seeks to capture the size, transactional volume and growth of the alternative finance markets across… 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

FCA Advocates Consumers Look at Alternatives to Bank Savings Accounts. P2P Lenders Pick Up the Call.

telephone hang up communication

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge a fee. The Financial Conduct Authority (FCA) in the UK… Read More

Victory Park Capital Announces Investment in Assetz Capital to Help Lending Platform Fund Small UK Businesses

Small Business

Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced today that it will invest up to £150 million in loans originated by Assetz Capital under a new five year contract. Assetz Capital is a peer-to-peer lending platform that combines traditional loan underwriting with financial technology to efficiently provide capital to… Read More

Raizers Targets Ambitious Pan-European Equity Crowdfunding

Raizers Featured

  The 28 countries of the European Union are a very long way from offering a homogeneous regulation environment for crowdfunding. This is particularly true of equity crowdfunding which touches on multiple heavily regulated areas of finance such as investment advice, securities trading, retail banking and corporate finance. Few European countries have, like France, issued… Read More