Tagged: zopa

August 29, 2015 @ 4:53 pm By JD Alois  |  

Leading peer to peer lending platform Zopa has announced an executive shake-up that has removed Giles Andrews as CEO. Effective immediately, Jaidev Janardana is the new CEO of Zopa. Andrews, a Zopa co-founder, will now be Executive Chairman of the fast growing direct lender. Janardana… Read More

August 25, 2015 @ 10:01 am By JD Alois  |  

Zopa, the first peer to peer lending platform in the UK, recently announced having passed £1 billion in lending.  The lending platform has a trajectory to more than double the total volume of loans versus year prior as more and more consumers go online to… Read More

August 17, 2015 @ 7:01 pm By JD Alois  |  

Zopa has become the first UK peer to peer lender to surpass £1 billion (about $1.564 billion) in lending as direct lender states P2P lending has now become mainstream. The P2P lender has already matched more loans in 2015 than it did in the whole of… Read More

August 7, 2015 @ 8:00 am By Giles Andrews  |  

This is a question I get asked a lot. And the usual line of thinking of those asking the question is that it does matter.  The common assumption is that the increased activity of “institutional” funds is crowding out the core retail investors that platforms… Read More

August 6, 2015 @ 1:59 pm By Erin Hobey  |  

Interest in crowdfunding from banks and other noteworthy investors including some family offices has steadily increased in recent months, so much that Money&Co blogged, “It’s often said that crowdfunding is in danger of losing the crowd.” Could crowdfunding lose its crowd? How does the industry… Read More

July 21, 2015 @ 12:55 pm By Erin Hobey  |  

Fintech company Revolut has raised £1.5m in a funding round led by leading tech VC house Balderton Capital, reported TechWorld’s Sam Shead. Funding will be used to launch the business’ money transfer app on iOS and Android. Revolut’s technology allows people to transfer money through a… Read More

July 8, 2015 @ 11:27 am By JD Alois  |  

  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

June 26, 2015 @ 11:16 am By JD Alois  |  

The largest consumer review site in the UK Which? has reviewed several peer to peer lending platforms. Which?, in operation since 1957,  now claims over 680,000 print subscribers and 335,000 online readers.  The non-profit entity tests and reviews a wide range of products and services,… Read More

June 12, 2015 @ 8:14 am By JD Alois  |  

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

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

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

June 7, 2015 @ 10:49 pm By JD Alois  |  

Zopa co-founder and CEO Giles Andrew has joined a growing chorus of industry leaders disputing the description of peer to peer, or marketplace lending, as “Shadow Banking“.  Of course this could be just a natural reaction from traditional banking.  As the banking model is challenged,… Read More

June 3, 2015 @ 9:23 am By Erin Hobey  |  

P2P-Banking.com posted original research of loan originations for May on its site.  Zopa tops the list with 57M € in new loans, Ratesetter comes in second with 50.1 M €, Funding Circle in third with 47.3M € and LendInvest in a close fourth with 44.5 M €. Note the remarkable growth of new P2P… Read More

May 25, 2015 @ 10:37 pm By Midori Yoshimura  |  

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… Read More

May 18, 2015 @ 8:03 pm By Erin Hobey  |  

Peer-to-peer lending pioneer Zopa today announced a partnership with leading challenger bank, Metro Bank, to lend funds through Zopa’s online marketplace.This innovative deal is the first of its kind in the UK and a clear signal that some parts of the UK banking sector are embracing… Read More

May 6, 2015 @ 10:05 am By JD Alois  |  

Zopa, the first peer to peer lender in the UK, has partnered up with another innovative firm UBER. The now (almost) ubiquitous ridesharing / cab replacement company is entering into a new service.  UBER and Zopa have created a new marketplace that will assist UBER drivers… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“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

April 10, 2015 @ 8:52 am By JD Alois  |  

The very first peer to peer lending platform to grace the UK has announced a new milestone. Zopa has announced topping £800 in loans (over $1.16 billion for the yanks) and has returned £50 million in interest to investors.  Over a third of the interest… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

March 20, 2015 @ 10:42 am By JD Alois  |  

Earlier this week George Osborne, Chancellor of the Exchequer, took his story up to Parliament to share his view of the UK economy and his strategic vision going forward.  The speech was broadly well-received, and as politicians typically do, there was something for everyone including a… Read More