P2P

P2P exhibits numerous shortcomings

Mon 12 Aug 2019

Johan Groothaert (pictured) is CEO of Fiduciam Whilst the P2P model gained traction rapidly following the financial crisis, it exhibits a number of shortcomings. Firstly, retail clients and investors are often simply driven by yield, not evaluating the risks sufficiently. In some cases ‘mom and pop’ type investors are not sophisticated enough to analyse the […]


Outrage over bridging advert

Thu 18 Jul 2019

Brightstar have terminated a lender from its panel citing ‘horrific sexism’ as the main reason. The BridgeCrowd, a P2P secured bridging lender based in Manchester, have been cut from Brightstar’s panel after they released an sexualised advert (pictured) of a woman’s chest publicising their bridging loans starting at £25,000. Clare Jupp, director of people development […]


LendingCrowd announces new hire

Fri 21 Jun 2019

Scottish fintech lending platform LendingCrowd has appointed Robbie McKenzie (pictured)  to the newly created role of general counsel and chief risk & compliance officer. A dual-qualified lawyer holding practising certificates in both Scotland and England, McKenzie will lead LendingCrowd’s legal, risk and compliance function and act as anti-money laundering officer. Stuart Lunn, founder and chief executive […]



Brokers should consider the P2P option

Wed 25 Oct 2017

Rob Pailin is managing director at Assetz Capital As the alternative finance market has become saturated with different funding options, it can be difficult for brokers to determine the best solution to suit their clients’ needs. Traditional banks tend to use attractive headline rates to entice potential customers, but have generally cut down on lending […]


Assetz Capital trades £300m on secondary market

Wed 11 Oct 2017

Assetz Capital, a peer-to-peer finance platform, has facilitated trading in second-hand loan parts of £300m on its secondary market since its inception. In addition to the £300m worth of loan units traded on the aftermarket, investors opting for the access accounts have traded more than £400m in redemptions. Stuart Law, chief executive of Assetz Capital, […]


Lendy returns UK’s biggest ever P2P loan repayment

Wed 4 Oct 2017

Lendy has returned £7.92m to its lenders making it the UK’s biggest ever peer-to-peer (P2P) loan repayment. The loan, secured against the former Kentish Town Studios building in North London, has been repaid in full 21 days ahead of schedule. Made up by almost 3,500 lenders and drawn down in late October 2016 on a […]


Assetz Capital receives full FCA authorisation

Tue 5 Sep 2017

Assetz Capital, one of the UK’s largest P2P platforms, has received full authorisation from the FCA. Assetz Capital is now in the final stages of completing its work on its innovative finance ISA which will be ready to distribute in Q4 2017. Assetz Capital’s secured loan model, which has earned investors in excess of £26 […]


F&P Sponsors appoint new head of business development

Fri 1 Sep 2017

F&P Sponsors has appointed Rolly Bakshi (pictured) as head of business development. Rolly joins from Metro Bank where he worked as a commercial analyst and has also held new business roles at Lloyds and Barclays. Ivor Freedman, director at F&P Sponsors, said: “Rolly understands the needs of customers in the property sector and can identify […]


Octopus Choice launches Innovative Finance ISA

Wed 9 Aug 2017

Octopus Choice, the peer-to-peer lending product, launched its Innovative Finance ISA (IFISA). The Octopus Choice ISA allows investors to target a variable interest rate of around 4% per year, tax-free, on investments within their annual ISA allowance. Sam Handfield-Jones, head of Octopus Choice, said: “I believe at a time of low interest rates, rising inflation […]