Funding Circle is doing so well it hasn’t touched the £97 million it raised in April.

August 29th, 2015|

Funding Circle is doing so well it hasn’t touched the £97 million it raised in April.

Funding Circle, the UK peer-to-peer small business lender, is on track to do over £35 million ($53.8 million) in revenues this year, Business Insider can reveal.

Funding Circle’s online platform lets savers lend directly to small businesses at more favourable interest […]

Ablrate launches new product that makes peer lending safer and easier

August 20th, 2015|

Partnership with the Just Loans Group Plc, gives Ablrate investors instant diversification and a simplified, more secure process of lending
Ablrate, a pioneering peer-to-peer lending platform offering investors access to asset-backed loans against investments has announced a partnership with The Just Loans Group Plc, to provide commercial property-backed investment options on the Ablrate platform and making […]

Peer to peer lending giant Zopa is growing like crazy and will do £1 billion next year

August 19th, 2015|

Peer-to-peer lending — where savers cut out banks and lend directly to people and businesses at better rates — is growing explosively in the UK and the latest company to underline this is Zopa.

The London-based company just announced that it hit a big lending milestone after 10 years — £1 billion ($1.5 billion).

The peer-to-peer (P2P) […]

Are old-school financial services running scared of peer-to-peer? Or do they just not understand it?

August 11th, 2015|

I was heartened recently to read the chief executive of Bibby Financial Services – what I would call an old-school financial services company – warning of a ‘bubble’ in peer-to-peer lending.

As the co-founder and chief executive of one of Europe’s largest peer-to-peer lenders, I knew this warning meant one of two things; either the old […]

UK faces surge in peer-to-peer lenders

August 11th, 2015|

Rush to secure licenses comes as regulator seeks to tighten controls.
Peer-to-peer lenders are springing up across the UK as more than a hundred start-ups hassle City regulators for permission to compete in a market heavily disrupted by fintech.

Some 178 such firms already have temporary permission from the Financial Conduct Authority (FCA) to begin working in […]

The UK is beating the US in the peer-to-peer alternative lending market — here’s why

August 7th, 2015|

The UK generated nearly $2.3 billion in peer-to-peer (P2P) loans in 2014, making its alternative lending market the largest in the world on a per capita basis. To illustrate, 72% more lending volume is transacted in the UK than in the US per person.

The UK’s success in P2P lending can be largely attributed to a […]

Rebuildingsociety, UK P2P lender, offers one business a GBP 25k GBP loan interest free

July 29th, 2015|

UK p2p lending marketplace Rebuildingsociety currently offers a promotion where one business will receive 25,000 GBP of their loan interest free. Loan applications received until 31 August 2015 will enter into the promotion.

Daniel Rajkumar, CEO of Rebuildingsociety.com, said: ‘Companies seeking loans now have peer-to-peer platforms as a mainstream alternative to the banks and I’m delighted […]

How Will a Interest Rate Rise Impact the UK P2P Lending Space?

July 26th, 2015|

Britain has been warned: the first rate rise since the financial crisis is coming.

Governor of the Bank of England Mark Carney confirmed last week that the long window of 0.5% borrowing costs is coming to a close. Mr. Carney stated that the base rate cost of borrowing is likely to climb to just over 2%. […]

Including P2Plending in the new innovative finance ISA will provide boost for millions of Brits

July 26th, 2015|

According to Giles Andrews, CEO and co-founder of Zopa (one the UK’s larges P2P lending platforms), something momentous has happened to the UK peer-to-peer lending industry, as the government finally confirmed its plans to introduce a new type of Isa covering peer-to-peer loans. This boost for the sector comes a decade after his company Zopa pioneered the […]

UK P2P lending sector achieves another record quarter in Q2 2015

July 25th, 2015|

The UK’s P2P lending sector has achieved another record quarter in Q2 2015, lending over GBP 500m to consumers & businesses for the first time in its history. In total, the eight largest UK P2P lending platforms originated £507.4m worth of loans over the three months to the end of June, according to the P2PFA, with cumulative lending for the industry now over GBP 3.1bn.
The […]