ORCA is expanding its services to advise institutional investors looking to enter the peer-to-peer lending market. The firm, which provides analysis and a P2P investment portfolio product, said it is increasingly working with institutions to provide research, recommendations and risk management. The new service will offer research on entering P2P lending markets in different countries […]
Arya Taware is not afraid to stir things up. The 26-year-old founder and managing director of peer-to-peer development property lender FutureBricks tells Kathryn Gaw why she represents the future of alternative lending… AT 26 YEARS OF AGE, Arya Taware is probably the youngest alternative lending leader in the UK. With youth comes ambition, and Taware […]
BRITISH Pearl has hit its £800,000 crowdfunding target with just a day to go on its Seedrs campaign. The property investment platform launched a crowdfunding round last month and had raised £804,000 as of 12 December. The lender, backed by former Conservative Party treasurer Lord Stanley Fink, said this fundraising round precedes what it expects […]
FUNDINGSECURE investors and creditors have backed proposals for the collapsed peer-to-peer lending platform’s administrator to seek legal advice on who is entitled to which assets. CG & Co, which is managing the administration of FundingSecure, warned last month that legal clarity is needed as it found loans to borrowers were “from time to time” a […]
As an election looms, Andrew Turnbull, managing director of Wellesley Finance, calls on the next UK government to prioritise affordable housebuilding… THERE’S AN ELECTION coming up. And that means potential changes to the housing market. As the UK prepares to go to the polls on Thursday 12 December, the property experts at Wellesley have just […]
PROPERTY-BACKED peer-to-peer lender FutureBricks has grown its loanbook to £1m in just one year since launching. The London-based lender raised this total across seven projects, one of which has already been exited. Approximately 12 per cent per annum has been paid out in interest to investors to date. In a note to investors, a FutureBricks […]
MONEYTHING has said it will waive its transfer-out fee for investors who withdraw all funds from their Innovative Finance ISA (IFISA) on the closing-down platform but not for partial amounts. The P2P lender announced earlier this month that its platform was winding down, blaming lower investor confidence and fierce competition in the lower-risk business loans […]
LENDINGCROWD has changed the way it calculates expected returns, which it says better reflects the risk of defaults. The Edinburgh-based peer-to-peer lender said it is now using data analytics firm Brismo to independently verify the data and modelling it uses to calculate probabilities of defaults on its business loans. This has resulted in lower target […]
ABLRATE’S appropriateness test has been described as ‘trickier’ than others but the majority who have taken it in the first days of the new regulations have passed, the platform has revealed. The asset-backed lender said more than 1,000 people have taken the test and while most have passed, some have narrowly failed. Users have often […]
![Team Photo [1]](https://alternativecreditinvestor.com/wp-content/uploads/2019/12/Team-Photo-1-1024x708-240x160.jpeg "Team Photo [1]")
Business Agent Ltd, trading as NextFin, is launching a new peer-to-peer lending rating service. The firm explains how NextFin will provide an additional layer of due diligence on the industry for investors… ON 17 OCTOBER, Business Agent Ltd held a launch party to unveil its new branding, NextFin, at the Karma Sanctum Hotel in London. […]
BUSINESS lender Funding Options has announced a new partnership with Open Accounting specialists Validis, to speed up the external funding process for small- and medium-sized enterprises (SMEs). The partnership will allow Funding Options to use Validis’ data preparation functionality to make more informed lending decisions and speed up access to finance. This is the second […]
PROPERTY investment platform Cogress has shifted its focus from development lending to a variety of different partnerships and geographies to cater for Brexit uncertainty among investors. Tal Orly, chief executive of Cogress, said the platform is now focusing on bigger margins, less risk and more experienced partners. He said of five to 10 deals with […]
PEER-TO-PEER lending platforms have expressed confusion around the definition of a sophisticated investor under the new Financial Conduct Authority (FCA) rules. In an addendum to Consultation Paper 18/20, which outlines the new rules for P2P lending, the regulator says that “our rules allow for such investors to re-classify as sophisticated investors… if they have made […]
Frazer Fearnhead, chief executive and founder of The House Crowd, explains how an auto-invest IFISA could offer better returns with less risk There are a wide variety of Innovative Finance ISAs on the market, enabling people to invest in consumer loans, business loans and asset-backed loans including property loans, held within a tax-free wrapper. Like […]
RATESETTER has unveiled changes to its investor terms that allow it to suspend access to funds to manage liquidity and to charge a wind-down fee in the event of closure of the business. The changes come in the wake of the new Financial Conduct Authority regulations. The peer-to-peer lender said the ability to release an […]