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Latest from UK Peer to Peer Lending News Sources

  • Complaints commissioner dismisses investor complaints over LCF
    by Selin Bucak on 9th December 2022 at 2:27 pm

    Investors’ complaints regarding the handling of the London Capital & Finance (LCF) scandal by the Financial Conduct Authority (FCA) have not been upheld by the Financial Regulators Complaints Commissioner (FRCC), according to a report published earlier this month. The FRCC issued its second report into the City regulator’s handling of the […]

  • Qardus targets £2m from seed funding round
    by Suzie Neuwirth on 9th December 2022 at 2:17 pm

    Qardus, the Shariah-compliant peer-to-peer lending platform, is looking to raise more than £2m from a seed round to expand its business and develop its technology. Founder Hassan Daher told Peer2Peer Finance News that the fundraise is “in process” and the team is “optimistic about getting it over the line”. “We are looking to raise more […]

  • Lendermarket interest paid to investors falls in November
    by Selin Bucak on 9th December 2022 at 2:08 pm

    Lendermarket has seen interest paid to investors in November come down from a record €1m (£860,225) the previous month to €307,923. The Dublin-based peer-to-peer lending marketplace saw €11,343,108 invested through its platform over the month, up from €10m in October. A spokesperson said the fall in interest paid to investors was due to a […]

  • Shake-up of consumer credit proposed in Edinburgh Reforms
    by Selin Bucak on 9th December 2022 at 12:04 pm

    The UK government has published its first consultation on the Consumer Credit Act, aiming to simplify the regime to encourage innovation in the credit sector. The proposals, released on 9 December, will look to cut costs for consumers and businesses, while also increasing equality and fairness in the credit market by improving accessibility. In […]

  • EasyMoney hikes target rate across all accounts
    by Suzie Neuwirth on 8th December 2022 at 4:21 pm

    EasyMoney is increasing its target rate by 0.5 per cent across all three of its investment products, as it revealed 70 per cent year-on-year growth in new customers this year. The peer-to-peer property lending platform said that the target rate on its ‘Premium’ account will increase from 4.03 per cent to 4.53 per cent. The The post EasyMoney […]

  • VPC Specialty Lending shareholders call for change to investment strategy
    by Hannah Gannage-Stewart on 8th December 2022 at 3:53 pm

    VPC Specialty Lending Investments is under pressure from shareholders to change its investment policy after trading shares below market value for several years. The firm published a notice yesterday (7 December) acknowledging that it had received a request from shareholders, dated 6 December 2022, seeking to requisition a general meeting to […]

  • Somo makes three new sales hires
    by Hannah Gannage-Stewart on 8th December 2022 at 3:04 pm

    Somo has appointed two senior business development managers and a sales support administrator, ahead of anticipated growth in 2023. The new senior business development managers, Nicola Hardy and Sarah Kirk, ran a specialist finance brokerage together for five years before joining Somo. The peer-to-peer bridging lender said the new hires take its […]

  • AxiaFunder chief calls for “self-policing” of alternative finance
    by Hannah Gannage-Stewart on 8th December 2022 at 1:29 pm

    AxiaFunder chief executive Cormac Leech has said alternative finance requires more self-policing by commercial ratings platforms to enhance its potential for retail investors. His comments come after the platform celebrated winning Innovative Lender of the Year at Tuesday night’s inaugural Peer2Peer Finance Awards. Leech suggested that […]

  • Bondora originations fall in November
    by Hannah Gannage-Stewart on 8th December 2022 at 11:14 am

    European peer-to-peer lending platform Bondora saw loan originations fall by 6.5 per cent to €14,103,044 (£12,183,967) in November. Originations were down slightly across all loan markets, except Spain which saw an increase of 3 per cent to €1,174,809 worth of loan originations. Finland originated €7,988,359 and Estonia €4,939,876. […]

  • Peer2Peer Finance Awards in pictures
    by P2PFN team on 7th December 2022 at 3:54 pm

    The Peer2Peer Finance Awards took place at London’s Hurlingham Club last night (Tuesday 6 December 2022). Look out for the full awards coverage in the January issue of the magazine, but here’s a sneak peek of the night… Drinks reception in the Palm Court     The awards ceremony in the Broomhouse Suite   Host The post Peer2Peer Finance […]

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