Archives

March 3, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Folk2Folk, a P2P lender supporting local and rural businesses, notes that “shifting sands” within the peer to peer sector have left some retail investors “high and dry.” Folk2Folk reveals that some retail investors have been “abandoned” in favor of institutional investors. There have also… Read More

February 9, 2021 @ 7:20 am By JD Alois  |  

Peer to peer lender Folk2Folk says it has increased the size of its brokerage partners. According to the company, this has resulted in several adjustments within the firm, including an expansion of its South West focus to become a national lender, accepting deals from across… Read More

August 22, 2020 @ 3:05 pm By Omar Faridi  |  

Folk2Folk, a peer to peer lender supporting local and rural businesses, says that service providers in the UK should consider diversifying or branching out into new areas in order to survive during the COVID-19 pandemic. Folk2Folk notes that companies have been negatively affected because many… Read More

July 23, 2020 @ 8:23 am By Samantha Hurst  |  

Folk2Folk, a unique peer to peer lending firm that focuses on rural businesses, announced on Thursday its new partnership with institutional digital debt marketplace CrossLend as it continues to build its institutional investor-base. The collaboration comes just after Folk2Folk received accreditation approval for CBILS Coronavirus… Read More

July 1, 2020 @ 8:30 am By JD Alois  |  

Folk2Folk, a unique peer to peer lending firm that focuses on rural businesses, has been approved by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) and will soon be open for CBILS applications, according to a company release…. Read More

June 8, 2020 @ 8:02 am By JD Alois  |  

Folk2Folk, a peer to peer lender supporting local and rural businesses, is reporting £17.3 million in loans to SMEs during March, April and May – the midst of the COVID-19 induced lockdown. Folk2Folk states that during this period the total value of loans has increased… Read More

May 21, 2020 @ 8:18 am By JD Alois  |  

Folk2Folk, a peer to peer lender that provides access to credit in local communities, says it paid out over £11.3 million in gross interest payments to investors during the financial year 2019. The company says 2019 was its biggest pay-out to date. The average fixed… Read More

April 30, 2020 @ 8:20 am By JD Alois  |  

Folk2Folk, a unique localized peer to peer lending company, is reporting a profit for the first time of £198,000 for the financial year of February 2019 to January 2020, according to a company release. In the previous period, Folk2Folk generated a £535,000 loss. Full audited… Read More

January 31, 2020 @ 5:58 am By JD Alois  |  

Folk2Folk, a localized peer to peer lending platform, is reporting a “record year” regarding its Innovative Finance ISA (IFISA) offering during 2019. The company states that it accepted £10.5 million in IFISA investments, more than double that of the previous 18 months. Folk2Folk says that… Read More

September 27, 2019 @ 7:06 am By JD Alois  |  

Folk2Folk, a local-focused peer to peer lender providing financing to SMEs, has appointed Roy Warren as its new Managing Director. Warren has been filling the role on an interim basis for some time now. Simultaneously, the P2P lender added four new members to its Board… Read More

September 2, 2019 @ 7:29 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender for local, rural and SME businesses, has now surpassed £300 million in lending, according to a company release. Folk2Folk notes that it is the 3rd largest P2P Lender to UK businesses in terms of money lent. Folk2Folk has a unique local… Read More

March 5, 2018 @ 1:39 pm By Samantha Hurst  |  

Folk2Folk, a peer-to-peer (P2P0 lending platform for local and rural businesses, announced on Monday it has now lent £200 million, providing a valuable source of capital to hundreds of local businesses across the UK. According to the online lending, this milestone demonstrates the strong demand… Read More

January 3, 2018 @ 7:45 am By JD Alois  |  

Folk2Folk, a unique peer to peer lending platform that combines physical locations with an online platform matching investors with small business loans, has announced the appointment of Giles Cross  Chief Executive Officer (CEO). Cross takes over the position from Jane Dumeresque who announced her resignation… Read More

July 11, 2017 @ 7:48 am By JD Alois  |  

Folk2Folk has announced the launch of its Innovative Finance ISA (IFISA). The P2P lender’s “local” ISA can give investors the opportunity to support British businesses within their local area whilst earning tax-free interest on the loans. Jane Dumeresque, CEO Folk2Folk, said they were delighted to… Read More

June 7, 2017 @ 10:18 am By JD Alois  |  

Specialist business peer to peer lending platform Folk2Folk has hired a new Chief Marketing Officer (CMO) and four Business Development Managers (BDM). Folk2Folk specializes in secured loans for businesses across the UK. The platform matches local businesses looking for finance with investors looking for a great… Read More

February 16, 2017 @ 5:44 pm By JD Alois  |  

Peer to peer lender Folk2Folk has joined the UK Peer to Peer Finance Association (P2PFA).  The P2PFA is acknowledged as a stamp of quality operations as members are held to a high standard and required to follow certain transparency guidelines.  According to the P2PFA website, the… Read More

December 6, 2016 @ 7:01 pm By JD Alois  |  

Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA).  While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More

November 1, 2016 @ 5:35 am By Erin Hobey  |  

Folk2Folk, a UK P2P business lender, today announced its expansion plans with the aim of lending £1bn in business loans by 2020, with its newest branch opening in Gloucestershire today. Folk2Folk plans to open another seven branches across the UK in 2017 with Harrogate set to open in… Read More

September 26, 2016 @ 11:18 am By JD Alois  |  

In explaining how they are different, Folk2Folk, an up and coming peer to peer lender explains they are “resetting the values around lending money.” While embracing technology that facilitates the lending process, Folk2Folk maintains numerous brick and mortar locations as they believe in dealing with… Read More

July 28, 2016 @ 12:20 am By JD Alois  |  

Folk2Folk, a regional peer to peer lender, has moved into a new office Launceston to “accommodate their rapidly expanding business”. Founded in 2013, the P2P lender has a number of offices across the South West and is rolling out further branches in towns across the UK…. Read More