Tagged: p2pfa

Report: UK’s Financial Conduct Authority is Reviewing P2P Lenders After High Profile Failures

UK’s financial regulator, the Financial Conduct Authority (FCA), is currently investigating the operations of several peer-to-peer (P2P) lenders after discovering various failures or instances of non-compliance ahead of the implementation of stricter regulations this year, according to a report in the FT. Last week, the… Read More

UK Peer to Peer Finance Association: Record Number of Lenders & Borrowers Engaged in P2P Lending

The UK Peer to Peer Finance Association (P2PFA) is reporting a record number of both borrowers and investors engaged in the peer to peer lending industry. According to the P2PFA, 150,000+ lenders invested in 321,483 loans during Q2 of 2019. During the three-month period from… Read More

Peer to Peer Finance Association: Value of IF ISAs Tops £500 Million

    The UK Peer to Peer Finance Association (P2PFA) reports that Innovative Finance Individual Savings Accounts (IF ISAs) now stands at over £588 million. The P2PFA states that more than 40,000 accounts have invested in P2PFA members IF ISAs by the end of Q2… Read More

UK P2PFA: Peer to Peer Lending Platforms Originate £866 Million in Q1, Cumulative Lending Now Tops £10.5 Billion

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

Crowdstacker Appoints New Credit Committee Chairman Following Revelation of Bad Loan

Peer to peer lender Crowdstacker has appointed former RBS Senior Corporate Director, Ken Hillen, as Chairman of its Credit Committee. The move comes following a report that Crowdstacker had facilitated a loan to Burning Night Group in the amount of £7.5 million. Burning Night went… Read More

UK Peer to Peer Lending: Loans top £800 Million in Q4 as Industry Matures

The UK Peer-to-Peer Finance Association (P2PFA) has published fourth quarter numbers for member platforms. According to their data, cumulative lending now tops £9.5 billion with over £800 million originated during the period. The P2PFA states that platforms facilitated loans worth nearly £3 billion during 2018…. Read More

UK P2PFA Lending Platforms Top £10 Billion in Total Lending in Q3

The UK Peer to Peer Finance Association (P2PFA) has posted a note on an industry milestone. According to the P2PFA, member platforms have now surpassed £10 billion in total lending during the most recent quarter. The P2PFA states that over £900 million was originated on… Read More

UK P2PFA: Peer to Peer Loans Tops Net Lending to SMEs by Banks in Q2

UK Peer to Peer Lending Hurdles £1 Billion During 2nd Quarter The UK Peer to Peer Finance Association (P2PFA) has published their second quarter 2018 numbers from member platforms.  According to their data, the peer-to-peer lending industry contributed more than £1 billion to the UK… Read More

CrowdProperty Joins UK Peer to Peer Finance Association

The UK Peer to Peer Finance Association (P2PFA), the self regulatory group for the peer to peer lending industry, has added a new member: CrowdProperty. The P2PFA represents the most prestigious online lenders in the UK as well as the majority of online lending volume…. Read More

UK P2PFA says Over £300 Million Invested in Innovative Finance ISAs at Member Platforms

The UK Peer to Peer Finance Association (P2PFA) has shared that member platforms have seen approximately 28,000 Innovative Finance ISAs (IFISAs) opened representing over £300 million in funds under management by their member firms. IF ISAs have seen “significant take-up” according to the P2PFA. IFISAs… Read More

The UK Financial Conduct Authority Looks to Update Rules for Loan Based Crowdfunding which is “Increasingly Complex,” Opens New Consultation

Investment Crowdfunding Rules Deemed Satisfactory. The UK Financial Conduct Authority (FCA) has finally released its long awaited post-implementation review of crowdfunding regulation. As has been widely rumored for quite some time, the FCA is looking to adjust rules governing loan based crowdfunding, also labeled peer… Read More

UK P2PFA Responds to Criticism Leveled by LendingCrowd Regarding Change in Loan Data Requirements

Last week, LendingCrowd CEO and cofounder Stuart Lunn published a pointed blog post addressing recent changes to the “operating principles” as set forth by the UK Peer to Peer Finance Association (P2PFA). LendingCrowd is currently not a member of the P2PFA. Lunn stated in the post;… Read More

P2PFA: UK Peer to Peer Lending Industry Nears £9 Billion in Total Lending

The UK Peer to Peer Finance Association (P2PFA) has released Q1 data for its member platforms. According to the industry association, P2P lending is nearing £9 billion in loan originations having provided finance for approximately 50,000 business and 221,000 individuals. Total investors stand at around… Read More

Zopa is Raising £50 Million, Shuffles Board as it Preps for Bank Launch

The grande dame of peer to peer lending in the UK, Zopa, is raising £50 million at a valuation of £400 million, according to several reports.  SkyNews states this most recent funding round will be led by current investors including Wadhawan Global Capital out of… Read More

Changing of the Guard: Paul Smee Appointed New Chair of the P2PFA as Christine Farnish Steps Down

The UK Peer to Peer Finance Association (P2PFA) has announced that Paul Smee has been appointed as new Chair of the organization. Smee replaces longtime Chair Christine Farnish who is stepping down after a five-year term. The P2PFA said the transition comes at a time when… 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

Peer-to-Peer Lender Crowdstacker Joins P2PFA

The Peer-to-Peer Finance Association (P2PFA) announced on Thursday it has welcomed peer-to-peer lender Crowdstacker. According to the organization, the online lending platform concentrates on a select few established businesses looking to secure over £1 million, appealing to businesses seeking to diversify their existing funding strategies. While… Read More

P2PFA Boosts Standards for P2P Lending in UK as Leading Fintech Sector Continues to Grow

The P2PFA has announced revisions to the UK peer to peer lending industry standards it sets for its member platforms. The P2PFA represents the most prestigious online lenders in the country and has been at the forefront of developing a stringent set of principles that… Read More

Quantuma Joins UK Peer to Peer Finance Association

Quantuma, a corporate recovery and business advisory firm that works with several peer-to-peer lending platforms, has joined the UK Peer to Peer Finance Association (P2PFA). Earlier this year, the P2PFA announced the creation of Associate Members to broaden its membership beyond strict lending platforms. At… Read More

UK P2PFA: Peer to Peer Lending Exhibits Steady Growth in Q3 2017

The UK Peer to Peer Finance Association (P2PFA) has published their quarterly numbers on sector growth for the third quarter of 2017. Covering the period between July and September 2017,  the P2PFA says the numbers confirm continued steady growth in levels of new lending and… Read More

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