ASSETZ Capital investors have earned more than £100m in interest to date, as the platform approaches its £1bn lending milestone. Since the peer-to-peer business lender was founded in 2013, interest has been paid out to more than 37,000 investors, including institutions and retail investors. Since the beginning of the year, almost £100m has been invested […]
TIGHTER credit terms and new insolvency rules will lead to a spike in peer-to-peer business lending next year, Purbeck Insurance Services has predicted. As part of its trend report for the year ahead, Purbeck – the UK’s only dedicated personal guarantee insurance solution – has highlighted P2P as having “a valuable role” to play in […]
HADRIAN’S Wall Secured Investments saw its net asset value (NAV) fall by 13 per cent in October, as the investment trust continues to mull its future plans. The October NAV was 81.54p, down from 95.5p in September – a 14.6 per cent decrease. On a total return basis, including a 1.5p dividend, this equates to […]
CROWDFUNDERS are more likely to support a female-led start up than a male-led start-up, new research has shown. According to data from the crowdfunding platform Seedrs and law firm Joelson, a massive 100 per cent of female-led businesses were able to reach or exceed their fundraising targets in 2018, compared with just 80.9 per cent […]
ZOPA is seeking participants to take part in a 100-day challenge to improve their credit rating. Two borrowers will work with personal finance vlogger Jennifer Kempson and be tracked to show how they followed tips on improving their credit score within Zopa’s app. The peer-to-peer consumer lender’s new ‘borrowing power’ tool gives each user a […]
PEER-TO-PEER lenders could face increased fees for regulators to handle customer complaints as part of new budget proposals from the Financial Ombudsman Service (FOS) for all regulated firms. FOS is funded via a levy – which it has proposed at £106m for 2020/2021 – and case fees. For 2020/2021, the FOS is proposing increasing its […]
RATESETTER is targeting the financial adviser market with a new dedicated product. The peer-to-peer lender, which has traditionally focused on retail investors, said on Tuesday that it will launch a new portal for financial advisers in February 2020. Mario Lupori (pictured), chief investments officer for RateSetter, said the platform has always planned to open up […]
Business lending is one of the most celebrated segments of the peer-to-peer finance industry, providing much-needed funding for smaller firms that, in turn, support the UK economy. But how will platforms maintain their edge in a competitive market? Emily Perryman reports PEER-TO-PEER BUSINESS lenders have become an important lifeline for the UK’s smaller businesses, in […]
New regulations threaten to stifle growth and innovation in the property-backed peer-to-peer sector, says Frazer Fearnhead, chief executive of The House Crowd… THE INTRODUCTION of the Innovative Finance ISA (IFISA) has helped to make property-backed peer-to-peer loans an attractive investment for investors of all stripes. But according to Frazer Fearnhead, chief executive of The House […]
MONEY&CO is planning to offer a new investment product that will provide loans to songwriters and artists secured on their music rights. The music loans proposition, to be released in the new year, will offer interest rates of six per cent over LIBOR. Nicola Horlick, founder of Money&Co said there are already deals in the […]
PLATFORMS still have plenty of questions regarding the new Financial Conduct Authority (FCA) peer-to-peer lending rules, so we decided that the time was right to host our second Breakfast Briefing – this time around the topic of the regulation deadline. Held in the modern surroundings of The Soho Hotel, our panel included Gilbert van Roon, […]
Innovative Finance ISA (IFISA) inflows hit the £1bn barrier this year, cementing the wrapper’s place in the ISA landscape. But could tougher regulations and platform defaults stall the IFISA’s upward trajectory? Kathryn Gaw reports WE ARE ALL FAMILIAR with the story of the Innovative Finance ISA (IFISA). After getting off to a muted start in […]
THE VAST majority of peer-to-peer lending platform executives feel optimistic about the new rules that came into effect this month and their ability to comply with them, an exclusive Peer2Peer Finance News survey has revealed. Chief executives and compliance heads polled at P2PFN’s Regulation Deadline Breakfast Briefing last month were asked about their views on […]
EUROPEAN peer-to-peer lender Robocash is giving investors the opportunity to back loans in Singapore. The lender claims it is the first to give European P2P investors exposure to the country. Robocash already had a Singaporean company that supported its operations in Vietnam and the Philippines but now will issue 12-month commercial loans as well through […]
MONEY&CO founder Nicola Horlick failed in her bid to become an MP at the general election but increased the vote share for the Liberal Democrats. Horlick (pictured), dubbed ‘City superwoman’ for juggling a successful investment management career and family life, stood as the Liberal Democrat candidate in Chelsea & Fulham. However, the seat was held […]