The most important stories and data from the world of P2P lending and alternative finance.
P2P platform Landbay is turning to crowdfunding for capital. The buy-to-let mortgage lending platform, is hosting a £1.5m equity crowdfunding round on Seedrs. Landbay is already overfunded, with more than £1.7m invested so far.
Nationalism may be on the rise politically, but in fintech the opposite is true with collaboration the new and emerging trend. Lending Works has opened a new channel to customers in the form of a tie-up with digital only bank Revolut, who also recently announced a partnership with property investment platform Bricklane.
The property segment of P2P has even more news this week. Capital Rise has launched an Innovative Finance ISA, becoming the first investment platform to offer savers access to prime residential property investments through an IFISA tax wrapper.
In the funds world, while star fund manager Neil Woodford has been buying more exposure to P2P Global Investments, rival asset manager Old Mutual Global Investors has been selling some of its exposure to VPC Speciality Lending.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.