Tagged: zopa

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

UK Based eMoneyUnion CEO Lee Birkett Speaks with Crowdfunding Podcast on Peer to Peer Lending

eMoneyUnion

Based near Manchester, eMoneyUnion is a Peer to Peer Lending Platform that Serves Non Standard Borrowers in the United Kingdom.  CEO Lee Birkett recently sat down for an interview on Crowdfunding Podcast. eMoneyUnion presents pre-approved borrowers to lenders acting as a peer to peer loan matchmaking underwriting service.  Loans may be requested from £1000 up… Read More

Peer to Peer Lending Site Zopa to Offer Business Loans Soon

zopa

The United Kingdom’s largest peer to peer lending site Zopa has announced they expect to be offering business loans soon.  Presently their platform is designed to support peer to peer personal consumer loans matching borrowers to investors. Zopa has been in business for over 8 years successfully filling a much needed gap during the financial… Read More

In with the in crowd

Sharein

IT was once a case of hoping for a sympathetic bank manager to back the next big idea. Now everyone from scientists to artists is turning to crowdfunding – appealing on the internet for ordinary people to back their dream project with cash. One of the world’s largest crowdfunding websites launched in the UK just… Read More

Crowdfunding In Europe: The Top 10 ‘Peer-to-Peer’ Lenders

European Union Flag

Crowdfunders generally fall into different categories: equity, donation, reward, and debt. The last is also known as microfinancing — and commonly referred to in Europe as “peer-to-peer lending.” Here are the top 10 up-and-coming peer-to-peer lenders e making financial waves in Europe: 1. Zopa – This London-based P2P lender offers loans of up to £10,000,… Read More

Comedy club boss to put smile on faces of firms seeking funds

Linked Finance Ireland

HE was the man who launched Dublin’s Laughter Lounge comedy club, but Peter O’Mahony is finding nothing funny about Irish banks’ refusal to lend money. So the entrepreneur is about to introduce Crowdfunding to Ireland following its success in the US and Britain. “Basically, it’s where ordinary people with a bit of spare cash lend… Read More

Interest Starved Savers Deserting High Street for Online Lenders

zopa

Frustrated savers are ditching high street providers and turning in rapidly growing numbers to online lending after watching cash returns plunge in recent months. Peer-to-peer or social lending firms offering savings rates double those available from banks and building societies have reported surging demand as desperate savers look to escape the inflation trap. The hunt… Read More

Revolution in Business Lending Could Transform the British Economy

Funding Circle UK

Peer-to-peer lending has the potential to kickstart the economy by providing credit for small businesses Despite some encouraging signs, the UK economy remains in trouble. Growth remains weak and confidence fragile. Lending to small and medium businesses – the motor for job creation – has collapsed. A series of Government initiatives has so far failed… Read More

2013 The Year Of The Crowdfunding Gold Rush

Ben Franklin $100 Bill

2012 was an amazing year for crowdfunding. Within the span of a three month period (March – May 2012), the largest crowdfunding sites including Kickstarter, Indiegogo, Grow VC, and Rockethub doubled their daily traffic and donation volumes. Between 2008 and 2011, Kickstarter’s issuers raised over $200 million in sales. In 2012, the site raised an… Read More

Crowdfunding might be the solution funding problems, but too much could crowd out institutional investors

The Crowd

Start-ups and early stage businesses have usually been the territory of the three f’s: friends, family and fools. Typically, when the f’s have been exhausted, the projects that survived and still show promise would turn to institutional providers – banks, debt providers and venture capitalists. However, these sources have effectively dried up over the last… Read More

Crowdfunding set to skyrocket in new year

zopa

INVESTMENT via the growing crowdfunding phenomenon is set to double in just two years, experts are predicting. Crowdfunding portals – which see individuals make small investments in companies or projects – will raise $3bn (£1.85bn) in 2013 compared to the $1.5bn raised in 2011, according to research from professional services firm Deloitte. Although it accounts… Read More

Julian Knight: Peer-to-peer lending is the future but users must take care

zopa

Zopa are expecting a doubling in the market for peer-to peer lending in 2013 as consumers and small businesses in particular turn their back on the traditional high-street banks. Disillusionment is one reason for this and so, it seems, are the terrible returns on savings and often arbitrary and unfair bars put on borrowers. The… Read More