Tagged: folk2folk

UK’s P2P Lender Folk2Folk Remains Confident it will Be Approved to Issue Loans Under CBILS Scheme

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

P2P Lender Folk2Folk Recommends Diversifying Business Strategy and Products so UK Firms Can Survive COVID-19 related Challenges

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

Folk2Folk Teams Up With CrossLend to Strengthen Institutional Investor Strategy

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

Folk2Folk Approved by British Business Bank for CBILS

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

Folk2Folk Reports £17.3 Million in Lending to SMEs During Lockdown

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

Local P2P Lender Folk2Folk Reports Biggest Pay Out Since Launch

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

Folk2Folk Reports Positive Net Income

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

Localized Peer to Peer Lender Folk2Folk Reports Record Amount Invested via IFISA

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

Local Focused P2P Lender Folk2Folk Appoints New Managing Director

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

Peer to Peer Lender Folk2Folk Tops £300 Million in Lending

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

Peer to Peer Lender Folk2Folk Revamps to Boost SME Lending

Peer to peer lending platform Folk2Folk has relaunched their entire product line. Folk2Folk is a unique online lender as it targets localized loans and has a strategic local presence across the UK. Folk2Folk explained the changes in a release where management said the range of… Read More

Folk2Folk Lenders Provide £200 Million to Rural Businesses in the UK

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

UK P2PFA: Peer to Peer Lending Tops £3.1 Billion in 2017, Q4 Sees Considerable Growth as Borrowers Shift to Online Lending

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

Folk2Folk Announces New CEO as Giles Cross Takes Over Leadership Role P2P Lending Platform

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

UK P2PFA: Peer to Peer Lending Rises in Q2

The UK Peer to Peer Finance Association (P2PFA) is out with their 2nd quarter aggregate numbers for their member platforms. Robert Pettigrew, Director of the P2PFA, commented on the release pointing to the quarter over quarter increase in lending; “Comparing the performance of P2PFA platforms… Read More

P2P Lender Folk2Folk Launches “Local” IFISA

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

Folk2Folk Announces Multiple New Hires as Part of National Expansion Plans

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

P2P Lender Folk2Folk Joins Peer to Peer Finance Association

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

Report: UK P2P Property Lending Delivers Returns from 2.25% to 12.7%

Independent ratings agency 4thWay is out with an interesting report on the peer to peer property lending market in the UK.  This sector of alternative finance has been very popular due to the asset class and the solid returns. Even in light of Brexit turmoil,… Read More

Lend Responsibly: Folk2Folk CEO Jane Dumeresque Shares Vision of P2P Lending

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

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