Tagged: lending works

Lending Works Says Investors Plan to Maintain or Increase P2P Investments Following Brexit Decision

P2P platform Lending Works has taken an internal poll of 1600 investors and the results indicate that a majority of investors intend on maintaining or increasing their P2P investments.  Lending Works is describing this as indicative of steady faith in P2P lending following the Brexit… Read More

Lending Works Secures £3M During Series A Investment Round

Lending Works, a UK-based peer to peer lender, announced on Thursday it attracted £3 million during its Series A Investment Round. The website confirmed NVM Private Equity (NVM), an independently-owned private equity firm that specializes in SME investments typically between £2m and £10 million, invested £2 million in early… Read More

Lending Works Offers Pension Advice Post-Brexit Decision

Just a little over a week after the UK voted to depart from the European Union (EU), Lending Works offered pension advice to the country’s retirees (or soon to be) following the surprising decision. The peer-to-peer lending platform shared: “Less than a week in, and the… Read More

Lending Works Named Moneywise Customer Service Awards Best Peer-to-Peer Platform for Savers Winner

Lending Works, a UK-based peer to peer lender, announced this week that it has been named Best Peer-to-Peer Platform for Savers Winner at the 2016 Moneywise Customer Service Awards, which is described as the “authoritative stamp of approval by the UK consumer,” recognition is given to… Read More

P2P Platform Lending Works Expects Strong Demand for IF ISA

Lending Works, a UK-based peer to peer lender, has surveyed its investor base and concluded that a solid percentage of registered users intend on using the new Innovative Finance ISA (IF ISA). According to their data, 89% of respondents indicate they will use the retirement… Read More

Lending Works Prepares for April 6th Innovative Finance ISA. Sees Crucial Investment Opportunity for Savers

Lending Works is hoping to launch their IFISA product on April 6th, just like most other peer to peer lending platforms. They too, like many others, are awaiting final approval by the FCA to offer the new saving vehicle. According to Lending Works, current regulation… Read More

Lending Works Expects to More than Double in Size in 2016

Lending Works, a London-based peer to peer lending platform, states it tripled its business in 2015 and expects to double that number over the next 12 months. According to the 2 year old platform, in 2015 the company facilitated £20 million in loans and forecasts… Read More

Lending Works Reports: Over a Quarter of Consumers Don’t Know How Much Interest They Pay on Their Debt

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

Lending Works Ups ID Fraud Security By Integrating AU10TIX BOS Second Generation ID Authentication & Record Generation Technology

On Friday, peer-to-peer lending platform Lending Works announced it is now offering even higher standards in ID fraud protection by using AU10TIX BOS. AU10TIX BOS is considered the “first and only 2nd generation ID authentication and record generation technology” on the market today. It is… Read More

Brief: P2P Lender Lending Works Forms New Partnership With Point of Demand Platform Pay4Later

On Tuesday, point of demand lending platform, Pay4Later, announced it has signed a deal with new partner peer-to-peer (P2P) lender, Lending Works, to join its fast growing consumer lending platform. The deal means Pay4Later may now extend market reach and increase credit acceptance for merchants… Read More

Leaders of Innovative Finance Respond to UK Budget Policy, Embrace ISA Approach

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

Brief: RateSetter & Zopa Take Top Customer Service Awards

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

Mercator Advisory Group’s Research Reveals: Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

Lending Works: CEO Nick Harding Discusses P2P, the Shield, Pensioners, ISAs & UK Regulations

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

Lending Works Captures £25M of Loans; Debuts New Pension Features

Lending Works, the first peer-to-peer lender to have insurance against borrower default risk, announces that its new features for the UK pensions market are now live.  The multiple launches come as Lending Works is well on target to hit their forecasted £25m milestone of loans this… Read More

Lending Works Seeks to Put UK Pensioners First; Launches New Services for Older Lenders

Lending Works, a peer-to-peer lender for insurance against borrower default risk, is pleased to announce the launch of several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015. More than 52% of Lending Works’ lenders… Read More

Peer-to-Peer Lending Works Set to Debut First Auto Income Tool For Flexible Money Management

Lending Works, a peer-to-peer lender that provides insurance against borrower default risk, is launching an Auto Income tool that allows lenders to draw down a regular income over the course of their lending term. Starting April 6th, Lending Works customers will be able to elect to… Read More

Former Morgan Stanley Executive & GLG Head joins Lending Works as Non-Executive Director

London-based  peer-to-peer lender,Lending Works, is pleased to announce the appointment of Jason Mackay to the fast-growing peer-to-peer lending company’s Board as a Non-Executive Director.  Mackay has extensive experience in global financial markets, having most recently worked as a Managing Director at Morgan Stanley. For seven years, he… Read More

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

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… Read More

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