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  • Robocash outlines investment strategies for its lenders
    by Michael Lloyd on 23rd July 2021 at 6:03 pm

    Robocash has outlined three strategies that lenders can use to increase their profitability when investing on the platform. The European peer-to-peer lending platform highlighted reinvestment strategy and interest capitalisation, which means investing continuously. Read more: Robo.cash customers rank investing higher among expense priorities […]

  • Prodigy Finance issues $288m asset-backed securitisation
    by Michael Lloyd on 23rd July 2021 at 5:57 pm

    Peer-to-peer education lender Prodigy Finance has issued a $288m (£209.2m) asset-backed securitisation (ABS), expanding into the fixed income market for the first time. The ABS is backed by a portfolio of $304m of loans that Prodigy Finance has financed, for postgraduate students attending universities and business schools since 2017. The heavily […]

  • Fintech funding smashes quarterly record
    by Michael Lloyd on 23rd July 2021 at 5:54 pm

    Fintech companies raised a record $30.8bn (£22.4bn) in the second quarter of this year, across 657 deals, a new report has found. Market intelligence firm CB Insights revealed that the second quarter was the largest on record for fintech funding volumes, surpassing $22.8bn across 614 deals in the first quarter. Read more: UK sees rise The post […]

  • Starling Bank to expand lending through M&A
    by Michael Lloyd on 23rd July 2021 at 11:56 am

    Starling Bank chief executive Anne Boden is enthusiastic about the possibilities of embedded finance and plans to expand through mergers or acquisitions of selected lending originators. In a chief executive letter accompanying the challenger bank’s financial results, Boden said that she has seen a big shift in the power dynamic between the big […]

  • Funding Xchange urges lenders to adapt to support the recovery
    by Michael Lloyd on 23rd July 2021 at 11:24 am

    Lenders need to adapt to support the economic recovery, Funding Xchange has said. The business funding aggregator said that the Covid-19 crisis has accelerated the transition to digitisation. It put much of this down to so-called ‘Avengers’ – businesses that have re-invented and pivoted their business models to respond to rapidly changing […]

  • Three more lenders accredited for recovery loan scheme
    by Michael Lloyd on 23rd July 2021 at 10:10 am

    The British Business Bank has accredited three more lenders to the recovery loan scheme, Allied Irish Bank (GB) The FSE Group and Maven Capital Partners. Allied Irish Bank (GB), a business bank for medium to large businesses, was previously approved for the coronavirus business interruption loan scheme (CBILS), coronavirus large business […]

  • Fintex Capital extends ThinCats funding line to include RLS
    by Michael Lloyd on 22nd July 2021 at 4:32 pm

    Fintex Capital has extended its funding line to ThinCats to include loans delivered under the recovery loan scheme (RLS), after the alternative lender was accredited earlier today. RLS replaces the previous state-backed Covid schemes including the coronavirus business interruption loan scheme (CBILS), which ThinCats was accredited for last April. […]

  • Nucleus updates business cash advance product
    by Michael Lloyd on 22nd July 2021 at 4:06 pm

    Nucleus Commercial Finance has updated its business cash advance (BCA) product to be more flexible and support businesses now all Covid restrictions have been lifted in England. The alternative lender has increased monthly card volumes for new customers from 150 per cent to 175 per cent and renewals have risen from 175 per cent of The post […]

  • ThinCats accredited for recovery loan scheme
    by Suzie Neuwirth on 22nd July 2021 at 1:15 pm

    ThinCats has been accredited by the British Business Bank to participate in the recovery loan scheme (RLS). The alternative lender will be providing loans to businesses ranging between £1m and £10m under the scheme, whereby the government guarantees 80 per cent of the finance to the lender. RLS replaces the previous state-backed Covid schemes […]

  • Propetly seeks head of sales ahead of Proverest launch
    by Michael Lloyd on 22nd July 2021 at 10:00 am

    Real estate investment marketplace Propetly is expanding its team, ahead of launching its own proptech marketplace – Proverest – later this year. Andrew Smith, head of UK for all Propetly and Proverest products and operations, told Peer2Peer Finance News that the two companies will work closely together, with Proverest supplying the data that […]

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