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P2P lending news midweek roundup




By Daniel Lanyon on 22nd February 2017

https://goo.gl/aS5Mr1

The most important stories and data from the world of P2P lending and alternative finance. 

 

 

The biggest news this week may well be that Natwest, owned by Royal Bank of Scotland, which in turn is largely owned by the UK-taxpayer is joining the likes of Funding Circle and (sort of) entering the world of alternative finance with its new online lending platform Esme.

 

UK P2P business lending Growth is still in rude health as proven by AltFi Data’s number crunching, in the same week that Funding Circle tops £2bn mark.

 

In the funds world, P2P GI has continued its share buyback strategy while the SME Loan Fund may be about to see an investment management change by New York-based SQN.

 

Good news for Landbay as it launches an Innovative Finance ISA and for Ratesetter as it announces a partnership with AI chatbot Plum. Not so good for US-based OnDeck, which despite a surge in Q4 lending is looking to cut jobs amid rising losses.

 

Also, not forgetting Altfi’s Ryan Weeks delving into the ‘skin in the game’ vs transparency debate - a must read.

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