Tagged: folk2folk

June 6, 2023 @ 11:52 am By JD Alois  |  

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

April 20, 2023 @ 11:17 am By Omar Faridi  |  

The United Kingdom’s three largest Innovative Finance ISA (IFISA) providers in the P2P lending sector that are reportedly open to new investors include Abundance, EasyMoney, Folk2Folk. This, according to a report from Peer2Peer Finance News. As noted in the update, P2P property lender EasyMoney comes… Read More

March 2, 2023 @ 9:25 am By JD Alois  |  

FOLK2FOLK, a peer-to-peer lending platform, has joined the Financial Intermediary & Broker Association (FIBA). As a member, the P2P lender will be able to expand its broker network for its loans. Adam Tyler,  FIBA executive chairman, said their lending partners are carefully selected, and the… Read More

March 28, 2022 @ 8:37 am By JD Alois  |  

FOLK2FOLK, an SME lender that matches investors with borrowers, is reporting a “record year” for its Innovative Finance ISA (IFISA) for the tax year 2021/22, sharing that the company received 44% more ISA funds than in the previous year. FOLK2FOLK states that it has seen… Read More

January 20, 2022 @ 11:08 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender operating in the UK, reports that it has now topped £500 million in lending boosted by a record amount of £108 million in lending during 2021. Lending almost doubled in 2021 in comparison to 2020. Folk2Folk is an FCA authorized… Read More

November 29, 2021 @ 9:30 am By JD Alois  |  

British Business Investments, has committed £7 million to Folk2Folk, a peer-to-peer lender with a unique approach for loan originations. British Business Investments is a commercial subsidiary of the British Business Bank, a UK government-backed entity. According to a note from Folk2Folk, British Business Investments aims… Read More

April 20, 2021 @ 8:55 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender serving UK SMEs, is reporting a big start to the new tax year for its Innovative Finance ISA (IFISA). According to the company, the first week of the new 2021/22 tax year saw a 200% increase in ISA inflows compared to… Read More

March 30, 2021 @ 8:00 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender serving SMEs that operates multiple physical locations, has announced it expects to turn a seven-figure profit for its 2020 financial year. According to Folk2Folk, the anticipated profit of around £1 million is a significant increase from the company’s pre-tax profit… Read More

March 8, 2021 @ 8:21 am By JD Alois  |  

Peer-to-peer lender Folk2Folk says they are experiencing ongoing inflows for its Innovative Finance ISA (IFISA) – a tax-free retirement savings account. Launched in July 2017, the IFISA has reportedly seen year-on-year growth attracting a cumulative total of more than £26 million in ISA funds. Inflows… Read More

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

September 12, 2020 @ 2:29 pm By Omar Faridi  |  

UK-based Folk2Folk, a peer to peer lender supporting local and rural businesses, has confirmed that it’s still confident that it will be approved to begin lending under the country’s Coronavirus Business Interruption Loan Scheme (CBILS), even though the application deadline will come at the end… 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