Tagged: p2p lender

August 29, 2020 @ 12:48 pm By Omar Faridi  |  

Crowd2Fund, an FCA-regulated crowdfunding platform for individual investors and businesses that claims to be the only peer-to-peer platform to offer 5 types of finance, across debt and equity investments, recently revealed that it will be relaunching its platform with a new type of credit model… Read More

August 29, 2020 @ 12:41 pm By Omar Faridi  |  

  London-based Propio, a platform that aims to serve as the home of The Property ISA by providing a “simple, affordable, and tax-efficient way” to invest in property, reveals that it has secured £278,000 in capital from its funding round and the UK government’s Future… Read More

August 28, 2020 @ 5:40 pm By Omar Faridi  |  

Peer to peer (P2P) lending platforms in the UK received significantly fewer complaints during Q1 2020, according to the Financial Ombudsman. As explained on its official website, the Financial Ombudsman Service (FSO) is “a free and easy to use service that [aims to] settle complaints… Read More

August 27, 2020 @ 7:00 am By Omar Faridi  |  

We recently caught up with Yann Murciano, CEO at Blend Network, an online peer to peer (P2P) property lending platform. Murciano discussed how he believes P2P lending has democratized investing for millions of investors. Blend Network connects lenders directly with borrowers. Lenders are able to… 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

August 22, 2020 @ 2:26 pm By Omar Faridi  |  

Stuart Law, CEO at Assetz Capital, a peer to peer lender providing secured loans to businesses, argues that residential property in the UK will be the primary beneficiary from COVID-19’s negative impact on the nation’s retail industry. As reported by Peer2Peer Finance, there’s an improvement… Read More

August 16, 2020 @ 5:03 pm By Omar Faridi  |  

Mintos, a European peer to peer (P2P) consumer lender, has reportedly made changes to its auto-invest product, in order to give investors more choices when it comes to the level of risk they’d like to take. Mintos allows investors to back loans from originators via… Read More

August 15, 2020 @ 3:09 pm By Omar Faridi  |  

Peer to peer (P2P) investors based in China are reportedly facing losses of over 800 billion yuan (appr. $115 billion) in unpaid debt, due to failed lending platforms, according to the head of the nation’s banking industry regulator. Guo Shuqing, chairman of the Chinese Banking… Read More

August 9, 2020 @ 11:51 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

August 6, 2020 @ 12:51 am By Omar Faridi  |  

Leeds-based Rebuildingsociety, a peer to peer (P2P) lending platform that’s focused on financing options for SMBs, has teamed up with Virtual Finance Director (VFD) so that Rebuildingsociety’s borrowers are able to get updated reports on their accounts. The P2P lender’s borrowers will also receive future… Read More

August 1, 2020 @ 12:12 pm By Omar Faridi  |  

Mintos, a global loan marketplace, has reported had a record year for new investors and platform lending.  Mintos has operations across Europe as well as Africa, Asia and the Americas. The peer to peer (P2P) lender revealed that it financed €2.8 billion in loans via… Read More

July 30, 2020 @ 10:47 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

July 30, 2020 @ 8:41 am By Omar Faridi  |  

JustUs, a UK-based peer to peer (P2P) lender, is planning to introduce its Small Business Interruption Loan Service (SBILS) by the end of next month and has asked the UK government to also take part in the program by lending alongside the crowd. The SBILS… Read More

July 29, 2020 @ 1:25 am By Omar Faridi  |  

Ireland-based Linked Finance, a peer to peer (P2P) lender, has asked the Irish government to extend the nation’s €2 billion (appr. $2.35 billion) credit guarantee scheme to P2P and non-banking lending platforms. The UK has introduced the COVID-19 loan scheme, however, Ireland’s alternative lending solution… Read More

July 28, 2020 @ 7:52 am By Omar Faridi  |  

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

July 25, 2020 @ 3:05 pm By Omar Faridi  |  

Peer to peer (P2P) lending platform managers have different predictions or expectations about how Innovative Finance ISA (IFISA) inflows will perform during this tax year in the United Kingdom. David Bradley-Ward, CEO at Ablrate, an asset-backed lending platform, claims that net inflows on the platform… Read More

July 22, 2020 @ 11:44 pm By Omar Faridi  |  

Fintech lender and digital bank Zopa has reportedly partnered with UK-based Paylink Solutions, a software developer that provides solutions for the lending and mortgage industries. Zopa, which was recently awarded a full bank license, confirmed that it would be using Paylink’s cloud-powered online income and… Read More

July 18, 2020 @ 5:41 pm By Omar Faridi  |  

Indonesia’s Fintech lending platforms have reported slowing growth in total loan disbursements due to the COVID-19 outbreak and resulting economic challenges. The pandemic has caused many Indonesian startups to become more careful when channeling their credit. The Asian country’s Fintech Lenders Association (AFPI) deputy chairman… Read More

July 16, 2020 @ 10:55 pm By Omar Faridi  |  

Robo.cash has revealed that peer-to-peer (P2P) investors on its platform have increased the size of their initial investments despite the COVID-19 outbreak and resulting economic challenges. The European P2P lending platform has reported that the first investment made by investors increased from £822 to €909… Read More

July 16, 2020 @ 8:50 pm By Omar Faridi  |  

The peer to peer lending (P2P) sector in the UK is currently going through one of its biggest challenges ever, because of the COVID-19 outbreak. Jaidev Janardana, CEO at Zopa, believes a large number of Fintech businesses will be forced to shut down during the… Read More