Tagged: zopa

George Osborne Voices Support for P2P Lenders, Small Business, in Autumn Statement

Budget 2014

Chancellor of the Exchequer George Osborne delivered his Autumn statement to parliament today and the winding speech had something for everyone. In a largely upbeat report, Osborne highlighted the many positives about the UK economy since the current leaders moved in to Number 10 Downing street.  The Exchequer staff has compiled a list of 16… Read More

Zopa Partners with Flow; P2P Lender to Provide Finance to Flow Customers

Flow Boiler Pays for Itself

Peer to peer lending platform Zopa has signed an agreement with Flow to provide financing to Flow customers.  Flow is a company that has been developing and commercialising alternative energy products for about a decade.  One of those products is the Flow Boiler.  The product is described as an “innovative boiler” that generates electricity as it heats your home…. Read More

Zopa Partners with AU10Tix on ID Authentication

Computer work

Leading peer to peer lending platform Zopa has partnered with tech company AU10Tix to improve identification process. AU10TIX is a fully owned subsidiary of ICTS International N.V. Zopa is raising the bar in protecting lenders against fraud by verifying borrowers more thoroughly by checking official documents such as passports and other official IDs. By incorporating the… Read More

Cambridge’s Dr. Mia Gray Clarifies Collaborative Nesta Report: UK Economic Geography Update

Dr Mia Gray Cambridge University 2

Dr. Mia Gray opines about the recent Nesta and University of Cambridge report.   To recap, Nesta, a UK based innovation charity and staunch proponent of entrepreneurship and creativity, recently published an update on the alternative finance industry in the United Kingdom.  Crowdfund Insider JD Alois explains, “The report notes this new financial sector, that includes crowdfunding, peer to peer… Read More

Brief: MoneyWeek Awards Recognizes New Funding Platforms

industry quality award trophy

August print publication, and associated web site, MoneyWeek, offered their first ever “MoneyWeek Awards” and alongside the traditional brokers and manager types a few new forms of finance made the list. The publication recognized two peer to peer lenders and a single equity crowdfunding platform as best in their class.  The periodical states that “only… Read More

Zopa: “Peer to peer ISAs will be Game Changer”

P2P

The peer to peer lending industry sees the light at the end of the tunnel as the UK government nears the day when retirement funds, in the form of Individual Savings Acccounts (ISAs) will be able to invest in P2P loans.  Last week the UK government announced a new consultation paper on the subject and… Read More

Brief: Zopa Appoints Former Capital One Executive as New COO

zopa

Peer to peer lending platform Zopa has announced a strategic hire with the appointment of Jaidev Janardana who is now the company’s Chief Operating Officer (COO).  Jaidev was previously the Chief Marketing Officer for Capital One UK. During Jaideve’s tenure at Capital One he was involved with the credit card division managing product strategy,  credit… 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

Crowdcube, Zopa & Funding Circle on List of Smarta Breakthrough Winners

Smarta Breakthrough 50

Equity crowdfunding platform Crowdcube has been joined by peer to peer (P2P) lenders Zopa and Funding Circle in being recognized by the Smarta Breakthrough 50 awards. These awards, sponsored by Santander, are designed to “shine a light” on the most inspiring businesses in the United Kingdom.  The winners were unveiled this past week and the official… Read More

Zopa Moneyfesto Hammers Credit Card Hell

zopa

UK based Zopa, one of the largest P2P platforms in existence having loaned over half a billion pounds on their platform, has published a “Moneyfesto” gunning for the usurious financial structure many (not all – mind you) credit card companies employ to squeeze their customers.  Of course the credit card industry is a realm that… Read More

Concert Crowdfunding Platform RABBL Announces New Service

Unknown

Sharing exciting news to its fans, leader of crowdfunding in concerts and the world’s first social booking platform, RABBL announced earlier this week its’ latest website addition, Fan Rabbls. The new service will allow fans to prove real demand for their favorite musicans and puts them at the center of every booking decision in live… 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

Seven UK Crowdfunding Power Players Team Up On New Web Portal, Outreach Initiative

alternative-business-funding

Seven of the UK’s largest crowdfunding platforms have teamed up to launch alternativebusinessfunding.co.uk, a new web portal aimed at providing SMEs with “a free and easy way for SMEs to find alternative business funding.” Crowdcube, Seedrs, Zopa, Funding Circle, MarketInvoice, Platform Black and Pensionledfunding.com are all part of the initiative. We are focused on making… 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

UK Peer Lending Platform Zopa Raises £15M

zopa

London-based peer lending platform Zopa has closed a £15 million funding round led by Arrowgrass Capital Partners. Augmentum Capital, Wellington Partners and Balderton Capital also took a stake. As part of the deal, Arrowgrass CEO Henry Kenner will receive a seat on the board. Zopa has raised over $56 million in venture capital since inception… Read More

Brief: Peer-to-Business Lending In Ireland Expected To Surge

simon-deane-johns

Zopa is the UK’s largest peer-to-peer lending service, and one of the company’s co-founders has made a pretty amazing prediction about the size of the peer-to-business lending market in Ireland. In an interview with The Irish Times, Simon Deane-Johns predicted that peer-to-business lending throughput in Ireland could grow to as much as €100 million in three… Read More

UK “Alt Finance” Industry has Surpassed £1 Billion According to Report

10£ Queen Elizabeth British Pounds

In a report filed earlier this week from the Liberum AltFi Index, the crowdfunding industry including both debt and equity, has surpassed the £1 billion “milestone”.  The alternative finance sector categorized as P2P,  equity crowdfunding and invoice lending was quoted at £,028,340,769 as of December 31, 2013.  An, Analyst for Liberum Capital  Cormac Leech, said… Read More

“Transforming Finance” & the UK Banking System (Video)

Positive Finance Innovation is out there

The Finance Innovation Lab is believes in the need to innovate across the whole financial system at once for change to happen.  Supported by a grant from the Calouste Gulbenkian Foundation, the Finance Lab has produced a video about what is broken with today’s banking system in the UK and what needs to change to… Read More

Chancellor of Exchequer Osborne to Allow P2P Investors Tax Free Returns

Chancellor of the Exchequer George Osborne

In multiple reports, Chancellor George Osborne is said to allow tax free returned from peer-to-peer lending platforms like Zopa, Funding Circle, LendInvest and others.  Savers have been able to increase their rate of return by participating in these platforms thus cutting out traditional banks in a more efficient process of lending.  Savers would include their… Read More