ARCHOVER has updated its user sign-up process to clarify that all new investors must pass its appropriateness tests. A newsletter from the peer-to-peer business lender had previously implied that only new restricted investors would have to take the test but the platform is now making it a requirement for everyone to do so after Peer2Peer […]
THE MAJORITY of LandlordInvest’s investors passed its appropriateness test the first time but a fifth took multiple attempts. The peer-to-peer lender, which offers buy-to-let mortgages to professional landlords, revealed that 80 per cent of its investors passed the test first time since its launch in December following the introduction of new Financial Conduct Authority (FCA) […]
Just over a year after the platform’s launch, Cormac Leech, chief executive of AxiaFunder shares its plans to scale up… WHEN AXIAFUNDER launched in 2018, it pledged to bring innovation to the world of litigation funding. Just over one year later, it is still evolving. The litigation financing platform has just closed its largest funding […]
Litigation finance is increasing in popularity, so it’s no surprise that peer-to-peer lenders are getting in on the act. Emily Perryman reports ONCE THE PRESERVE OF hedge funds and private equity houses, peer-to-peer lenders are opening up the litigation finance sector to individual investors – and the returns are not to be sniffed at. AxiaFunder […]
MINTOS investors can now back loans in Albania. The peer-to-peer lending marketplace now offers investment opportunities in 11 countries. Mogo Group, one of the P2P lenders on the platform, is offering access to car loans in Albania ranging from €500 (£425) to €10,000 euros with a maturity ranging from one to 84 months. Investors can […]
PEER-TO-PEER lenders could soon see their data used as part of a new Financial Conduct Authority (FCA) focus on automation and machine learning, to help the regulator identify and respond to market trends faster. The FCA has set out plans to grow its data science resource so it can make better use of tools such […]
MORE than half of UK small- and medium-sized enterprises (SMEs) performed better in 2019 than a year before despite the ongoing political and economic uncertainty. Research from Nucleus Commercial Finance found despite wrangling over Brexit and the General Election at the end of 2019, 55 per cent of business owners felt they performed better in […]
BRITISH Pearl is aiming to increase the size of its portfolio from £3m to £300m in three years, as it embarks on international partnerships to scale up the business. The property investment platform, which launched to the public in July 2018, has raised over £6m in equity funding since inception and has invested more than […]
FUNDING Circle has launched a new TV advertising campaign for 2020 featuring a singing baby and an Alice Cooper track. The peer-to-peer business lender’s previous advert featured Captain Galactic and friends soaring through the skies to represent various firms that are supported via the platform. The new ad focuses on a baby singing the chorus […]
OPEN Banking hasn’t been as ‘seismic’ as initially predicted as it approaches its two-year anniversary, Equifax claims. Open Banking was launched in January 2018 to great fanfare, mandating the UK’s largest banks to share anonymised customer data with approved third parties, with the aim of increasing competition and innovation in financial services. But progress has […]
MORE THAN 1,000 small business owners applied for finance with business lender Iwoca between Christmas Eve and New Year’s Day. New data from the business lender also showed that there were almost 200 funding applications on Christmas Eve and Christmas Day 2018 and 115 on New Year’s Day 2019. Iwoca’s research concluded that the demand […]
CROWDPROPERTY chief executive Mike Bristow said the firm has “a very strong pipeline for a big year in 2020” and has predicted greater confidence among property developers due to a less uncertain political environment. “2019 was a somewhat uncertain year,” said Bristow. “Now that we are in a less uncertain year, developers will be more […]
THE SCOTTISH peer-to-peer lending market is “under-served” and “under-represented”, according to industry experts, as England-based P2P platforms start to expand into the country. RateSetter, Assetz Capital, ThinCats and The House Crowd are just four of the national lenders who have expanded their presence in the country. Scotland’s only homegrown P2P lender is LendingCrowd, which has […]
The House Crowd’s founder and chief executive Frazer Fearnhead explains why investors are turning away from cash ISAs and stocks and shares ISAs in favour of property-backed Innovative Finance ISAs… PROPERTY-BACKED Innovative Finance ISAs (IFISAs) are not the only way for retail investors to access the opportunities in the UK housing market. For centuries, people […]
The regulatory landscape of peer-to-peer lending has evolved considerably in recent years. Now that the new rules are in place, what can the industry – and its customers – expect? Frank Brown of regulatory consultancy Bovill talks to Andrew Saunders FIVE YEARS IN TO THE Financial Conduct Authority’s (FCA) reign, is the peer-to-peer lending industry’s […]