Tagged: p2pfa

January 13, 2020 @ 8:34 am By JD Alois  |  

Just as it has been revealed that the UK Peer to Peer Finance Association (P2PFA) has disbanded, Innovate Finance has announced the creation of 36H Group to take its place. Innovate Finance described 36H as a “united voice for lending platforms that accept retail investments.”… Read More

January 13, 2020 @ 7:31 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) is no more. Once a leading industry voice the Association that once represented the biggest names in the P2P lending industry has made the decision to disband. The news was revealed in a series of reports with… Read More

December 5, 2019 @ 8:09 am By JD Alois  |  

New peer to peer lending rules come into effect on Monday, December 9th. The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of peer to peer lending. One of the most… Read More

September 30, 2019 @ 8:42 am By Omar Faridi  |  

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

September 19, 2019 @ 3:28 am By JD Alois  |  

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

September 3, 2019 @ 8:19 am By JD Alois  |  

    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

June 13, 2019 @ 6:46 am By JD Alois  |  

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

April 5, 2019 @ 8:28 am By JD Alois  |  

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

March 6, 2019 @ 1:32 pm By JD Alois  |  

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

December 12, 2018 @ 11:06 am By JD Alois  |  

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

September 27, 2018 @ 8:32 am By JD Alois  |  

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

September 18, 2018 @ 11:34 am By JD Alois  |  

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

July 30, 2018 @ 8:15 am By JD Alois  |  

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

July 27, 2018 @ 11:45 am By JD Alois  |  

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

June 25, 2018 @ 12:26 pm By JD Alois  |  

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

April 19, 2018 @ 7:51 am By JD Alois  |  

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

April 12, 2018 @ 1:46 pm By JD Alois  |  

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

February 8, 2018 @ 6:47 am By JD Alois  |  

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

January 26, 2018 @ 7:39 am By JD Alois  |  

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

January 11, 2018 @ 8:28 am By Samantha Hurst  |  

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