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Ryan Weeks


Editor-in-chief

AltFi

ryan@altfi.com

 

Ryan is the Editor of AltFi News. He writes extensively about peer-to-peer lending, crowdfunding and online invoice finance. AltFi provides valuable coverage of the alternative finance space through a blend of news, events and data provision. Ryan also plays a major role in organizing these events and is in close contact with the major platforms from the UK, Europe and increasingly the US. Operating at the coalface of the alternative finance arena allows him a unique insight into this rapidly developing industry. He holds a 1st class degree in BA History from Newcastle University.

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Articles by Ryan Weeks

Fintech lender SoFi scoops another $500m

25th February 2017

SoFi raises more money in Series F with Silver Lake as anchor.   SoFi, the next generation finance company, has clinched another half billion dollars in equity funding. The Series F round was ...

Alternative finance in the UK ticks over £10bn mark

24th February 2017

The UK’s crowdfunding and peer-to-peer/marketplace lending platforms top £10bn in funds delivered.   The UK’s alternative finance sector has notched a significant milestone. ...

Starling Bank to launch marketplace in March

23rd February 2017

Digital-only bank Starling to become first UK licensed bank to launch public API.   Starling Bank, the digital-only bank backed by $70m in seed funding, will soon launch its open API, laying ...

Bitcoin-based marketplace lending platform scores $1.2m fundraise

22nd February 2017

German SME lending platform with bitcoin at its core looks to grow into new markets.   Bitbond, the small business loans marketplace built on bitcoin, has scooped $1.2m in equity funding from ...

Proving the peer-to-peer lending principle

21st February 2017

Is transparency fit to cure what ails peer-to-peer lending?   Investor suffering equals originator suffering: the equation that is supposed to sit at the heart of the peer-to-peer/marketplace ...

Millennial Money Matters podcast: Episode 2, Pariti

20th February 2017

In the second episode of Millennial Money Matters, we chat to Matthew Ford, CEO of personal savings app Pariti. Pariti is unique within this sector for having branched away from categorising a user's ...

Leading marketplace lender Funding Circle tops £2bn mark

20th February 2017

Small business loans marketplace Funding Circle hits £2bn in lending, closes in on Zopa.   Funding Circle, the world’s largest online marketplace for small business loans, has now ...

Oxygen snaps up Satago in fintech on fintech acquisition

16th February 2017

Payment platform acquires “hugely complementary” cash-flow management firm Satago.   Oxygen Finance Ltd has acquired Satago in an effort to create an all-in-one cash flow finance ...

Another new peer-to-peer lender gets authorised

16th February 2017

Guarantormyloan joins the ranks of the fully authorised peer-to-peer lenders, as the big three saga goes on.   Early-stage consumer lending platform Guarantormyloan has received full authorisation ...

P2PFA adds branch-based lender to its ranks

16th February 2017

Folk2Folk becomes ninth member of peer-to-peer lending industry association.   Folk2Folk, the only peer-to-peer lender in the UK to have paired an online marketplace with a network of regional ...

Bond Street strikes new loan purchasing deal with Jefferies

15th February 2017

US small business lender extends loan purchasing agreement with global investment bank.   Bond Street, an up-and-coming fintech lender in the US, has renewed its loan purchasing agreement with ...

Private shareholders “too often ignored”, says Asset Match boss

14th February 2017

Asset Match research shows UK shareholders suffering from lack of attention and liquidity.   Asset Match, an online auction platform private shareholdings, has unveiled new research into the ...

OnDeck teams up with Wave on small business lending partnership

13th February 2017

Leading US lending platform partners up with small business software toolkit Wave.   OnDeck, the online lender that has lent over $5bn to over 60,000 businesses to date, has struck an alliance ...

Fintech Revolut launches bank offering as the lines between disruptors blur

13th February 2017

As global money app Revolut morphs into a bank with current accounts and a chatbot, the digital banking blueprint is rounding into shape.   Revolut announced its ascension into the realm of ...

Government mobilising on fintech under Hammond

9th February 2017

UK Treasury unveils new fintech delivery group, plans international conference in early April.   It looks as though the UK government is keen to hang onto the title of fintech capital of the ...

Fintech lender MarketInvoice launches longer-term product

9th February 2017

Leading online invoice finance platform launches new open funding lines for business borrowers.   MarketInvoice, one of the leading marketplace lenders in the UK, has announced the launch of ...

Finnish marketplace lender posts second profitable year

8th February 2017

Helsinki-based peer-to-peer/marketplace lender Fellow Finance makes €0.15m profit in 2016.   Fellow Finance, Finland’s biggest marketplace lender by volume, notched another profitable ...

Specialist fund manager with marketplace lending focus to expand into UK real estate

6th February 2017

Fintex Capital’s next move comes into focus as firm hires lead for real estate expansion.   Fintex Capital has hired Alan Margolis to lead its new real estate lending strategy. Formerly ...

Fintech lender 4finance passes €4bn mark

6th February 2017

Short-term consumer lending platform 4Finance smashes through €4bn in cumulative lending.   4Finance, a short-term lender with a presence in 17 countries, has now lent a grand total of ...

Millennial Money Matters podcast: Episode 1, Loot

6th February 2017

Millennial Money Matters (MMM) is a new podcast about financial technologies, and why young people should care about them. We'll be reviewing a wide range of digital-only banks, personal finance management ...

Record month for consumer focused peer-to-peer lenders

3rd February 2017

Original peer-to-peer/marketplace lender Zopa has its best month yet during record January for consumer P2P sector in UK.   The UK’s consumer focused peer-to-peer lenders lent more in ...

Octopus teams up with challenger banks on new savings product

3rd February 2017

New Octopus Cash account gives savers up to three times more FSCS cover than a typical bank account.   Octopus, the fund management firm with over £6bn in assets, has launched a new savings ...

SoFi snaps up mobile banking platform, will launch bank offering

2nd February 2017

Leading fintech lender SoFi acquires Zenbanx with view to entering digital banking sector.   SoFi, largest of the online student lenders, has acquired Delaware-based fintech firm Zenbax, for ...

Fintech lenders are “absolutely” revolutionising credit underwriting, says MarketInvoice CEO

1st February 2017

MarketInvoice boss Anil Stocker talks credit, performance and customer retention.   MarketInvoice is a bit of an odd fit within the UK’s retail-oriented peer-to-peer lending sector, despite ...

Association of Alternative Business Finance launches

1st February 2017

New association breaks cover, John Davies of The Just Loans Group appointed Chairman.   The Association of Alternative Business Finance has officially arrived, after months of speculation. ...

Online lender Spotcap enters New Zealand, partners with Heartland Bank

31st January 2017

Fintech lender Spotcap has clinched £12m in debt funding from Heartland Bank as it launches in New Zealand.   Spotcap, the Rocket Internet-backed small business lending platform with ...

Zopa becomes first UK peer-to-peer lender to hit £2bn mark

30th January 2017

Leading peer-to-peer lender hits second billion pound milestone after notching its first in August 2015.   Zopa, the world’s original peer-to-peer lending business, has now lent over ...

What are the defining features of a digital-only bank?

27th January 2017

The digital only banks are coming in their droves – but what are they doing differently?   The digital-only banks – the hottest players in the challenger banking space – are ...

Why can't financial advisors and P2P lenders get along?

26th January 2017

In a time such as this – with depressed savings rates and a great deal of uncertainty in the markets – one might imagine that peer-to-peer/marketplace lending would be seen as something ...

Zopa cuts investor rates (again)

26th January 2017

Leading peer-to-peer lender Zopa drops its targeted investor returns for the third time in quick succession.   Zopa, the UK’s oldest and largest peer-to-peer lender, has notified investors ...

“It’s not about tech or physical, it’s about integration,” says Metro Bank CEO

25th January 2017

Metro Bank CEO Craig Donaldson says the blend of tech and physical is the key to giving greater choice to customers.   Speaking at The Economist’s Finance Disrupted conference this morning, ...

Fintech car finance firm strikes deal with Ford

24th January 2017

AutoFi partners with Ford on new point-of-sale platform, allowing customers to finance a car purchase in minutes.   AutoFi, a technology platform for car financing solutions, has joined forces ...

Global Alternatives takes first step towards realising vision for property crowdfunding 2.0

24th January 2017

Newly launched property crowdfunding platform lists first deal as parent co. looks ahead to plans for global secondary market.   Flying somewhat under the radar in a busy 2016 was Global Alternatives’ ...

Goji calls on P2Ps to get moving on IFISA as tax cut-off looms

23rd January 2017

Goji to launch IFISA services for four fully authorised peer-to-peer platforms, including Landbay and UK Bond Network.   Goji, a specialist investment portal for the P2P lending space, has ...

Irish peer-to-peer platform inks investment deal with Eiffel

20th January 2017

Leading Irish SME lending platform Linked Finance gets institutional backing.   In something of a landmark for the Irish peer-to-peer lending sector, Linked Finance has secured the backing of ...

Marketplace lending association swells its ranks

20th January 2017

Crop of new platforms and sector specialists join marketplace lending association in US.   The Marketplace Lending Association (MLA), which was founded by Lending Club, Prosper and Funding ...

Leading marketplace lender announces changes to European business

18th January 2017

Funding Circle announces a pair of senior hires in Europe, stops lending in Spain.   Funding Circle, the largest marketplace lender for small businesses globally, is reshaping its European ...

UK equity crowdfunder to host UK leg of Chinese startup contest

18th January 2017

Seedrs partners with Chinese entrepreneurship competition, £1m in cash prizes up for grabs.   Seedrs, a leading equity crowdfunding in the UK, has joined forces with the China Innovation ...

FSCS limit reset to £85k, but what's the impact for P2P?

17th January 2017

PRA proposes to return deposit protection limit to £85k, after slashing it in 2015.   The Prudential Regulation Authority (PRA) has announced its intention to raise the level of coverage ...

Marketplace lender Lendix lands in Italy

17th January 2017

Aggressive French marketplace lending platform for small businesses expands into Italy, appoints local CEO.   Lendix, one of the best-known marketplace lenders in mainland Europe, has branched ...

Wellesley pulls Seedrs campaign

17th January 2017

Secured property lender cancels crowdfunding campaign after controversy over late accounts.   Wellesley & Co., one of the few peer-to-peer lenders to take balance sheet risk alongside investors, ...

Credit card companies the real winners at Christmas, says Pariti

16th January 2017

Money management tool reveals the true cost of Christmas-fuelled credit card spending.     Pariti, the financial health app which gives users a better view of their personal finances, has ...

Deciphering the FCA’s approach to authorising peer-to-peer lenders

16th January 2017

What can the ten fully authorised peer-to-peer lenders tell us about what on earth the regulator is looking for?   It’s been over a year since the application deadline for peer-to-peer ...

Challenger bank OakNorth scoops £30m from British Business Bank

12th January 2017

OakNorth becomes first challenger bank to partner with British Business Bank on help to grow scheme.   OakNorth, which secured the third new UK banking licence for 150 years in 2015, has clinched ...

Funding Circle snags fresh $100m in equity fundraise

12th January 2017

Leading UK peer-to-peer/marketplace lender lands major investment after challenging year for fintech.   Funding Circle, the world’s leading online marketplace for small business loans, ...

New alternative lending association nears launch

11th January 2017

New association of direct lending platforms sets founding principles and membership criteria.   The Association of Alternative Business Finance (AABF), a proposed addition to the alternative ...

Savers missing out on £21bn of interest, says peer-to-peer lender

10th January 2017

One of the few fully authorised peer-to-peer lenders sizes up the Innovative Finance ISA opportunity.   Crowd2Fund, one of only a handful of approved ISA managers within the peer-to-peer ...

Octopus fully authorised as peer-to-peer lender

9th January 2017

Octopus Choice gets green light from the regulator in permissions saga’s latest twist.   Octopus Choice, a peer-to-peer offering launched by Octopus Investments in April of last year, ...

British Business Bank to invest another £40m through Funding Circle

9th January 2017

Taxpayer funded British Business Bank embarks on latest small business funding programme with leading peer-to-peer lender Funding Circle.   Funding Circle, the world’s largest peer-to-peer/marketplace ...

What to watch out for in alternative finance in 2017

3rd January 2017

The new year is now under way, and it will be a crucial one for the alternative finance industry. Online lending firms in particular will be looking to bounce back from a tough 2016. With that in mind, ...

Alternative finance’s 2016 in review

30th December 2016

2016 was perhaps the first year on record that you might say was net negative for the alternative finance industry. The major online lenders in particular weathered a turbulent year, and a number of the ...

RateSetter sells off bad loans in latest attempt to bolster provision fund

23rd December 2016

Major peer-to-peer lender sells non-performing loans to debt purchaser in UK first.   RateSetter, one of the UK’s largest peer-to-peer lending platforms, has completed the sale of £2.1m ...

Landbay gets full authorisation after tweaks to model

22nd December 2016

Buy-to-let mortgage lending platform is latest to get full FCA authorisation.   Landbay, the peer-to-peer lending platform for buy-to-let mortgages, has been granted full authorisation by the ...

Zopa’s investment limit lifts

16th December 2016

UK’s biggest peer-to-peer lender reopens to new investors.   Zopa, the original peer-to-peer lending platform, has lifted its recently enforced platform limit. The firm is once again ...

Fintech lender Kreditech raises €10m

15th December 2016

Kreditech scores €10m from Japanese internet services firm.   Kreditech, a Germany-based consumer finance firm, has closed a €10m fundraise from Japanese internet services company ...

BillFront scores $35m Series A round

15th December 2016

Online invoice finance platform for digital media firms closes integrated debt and equity round.   BillFront, a fintech lending platform for digital media companies, has closed a $35m Series ...

BlueVine secures $49m Series D

15th December 2016

Leading short term SME lending platform clinches major funding round from top VCs.   BlueVine, a cloud-based short term funding platform for small businesses, has closed a $49m Series D round. ...

Fully authorised new peer-to-peer platform looks to shake up “morally bankrupt” short term loan space

14th December 2016

The Money Platform looks to fill gap left by payday lenders with new peer-to-peer solution.   A new peer-to-peer lender has launched into the short term loan space after graduating from the ...

SyndicateRoom notches “successful exit”, but details lacking

13th December 2016

Oval Medical delivers exit to investors via trade sale roughly two and a half years since crowdfunding.   SyndicateRoom, the angel-led equity crowdfunding platform, has notched its first ever ...

Franchise funding specialist inks $180m loan purchase deal, closes $16.5m Series B

13th December 2016

US marketplace lender ApplePie Capital scores debt capital from TowerBrook Capital Partners.   ApplePie Capital, the first marketplace lender to focus solely on the franchise industry, has ...

What to watch out for when lenders become peer-to-peer lenders

12th December 2016

The peer-to-peer platform is increasingly being treated by some firms as a kind of accessory, a thing with which to kit out an existing lending business. If you’re just now thinking about launching ...

Lendahand opens to investors across Europe

12th December 2016

Dutch social impact investment platform Lendahand expands in Europe with MiFID licence.   Lendahand, the social crowdfunder which allows investors to lend to small businesses in emerging markets, ...

OnDeck clinches $200m credit facility from Credit Suisse

9th December 2016

Fintech business lending giant wins revolving credit facility from Credit Suisse.   OnDeck, the online lender for small businesses, has announced the closing of a $200m asset-backed revolving ...

Millennial banking app Loot opens to 25,000 customers

9th December 2016

Latest entrant into crowded digital banking space exits beta phase, begins on-boarding wait list.   Loot, the mobile banking service, has launched version 2 of the app, opening its first 25,000 ...

Regulator plans new crowdfunding rules for 2017

9th December 2016

FCA boss Andrew Bailey says it is necessary to strengthen investor protections, with standards of disclosure also needing improvement.   The FCA, which took over supervision of the crowdfunding ...

Fidor says banks “gobbling up” fintechs faster than ever

8th December 2016

World’s “first fintech bank” takes stock of 2016 and looks ahead to the coming year.   Fidor Bank, self styled as Europe’s original digital challenger bank, says that ...

Big Society Capital announces partners for £10m Crowd Match Fund

7th December 2016

Big Society Capital selects ThinCats, Crowdfunder and Ethex as distribution partners.   Big Society Capital, the social investment firm, has launched its £10m Crowd Match Fund with three ...

Folk2Folk gets full authorisation

7th December 2016

Cornish peer-to-peer lending outfit becomes biggest of the fully authorised bunch as FCA ramps up permissions process.   Folk2Folk, the peer-to-peer lender that’s famous for using branches, ...

Wellesley & Co. put on notice over late accounts, launches fundraise on Seedrs

7th December 2016

Secured peer-to-peer lending platform Wellesley says late accounts will be filed “imminently”.   Wellesley Group Investors Limited, the operator of secured peer-to-peer lending ...

Zopa has a new look

6th December 2016

Leading peer-to-peer lender unveils new look platform.   Zopa, the world’s first peer-to-peer lending platform, has a fresh coat of paint. After months of analysis, the consumer lending ...

US small businesses optimistic for Trump presidency

6th December 2016

New survey confirms SMBs feeling chipper about inbound president Donald Trump and his business acumen.   A survey of 1,000 small business owners in the US by alternative lender Capify has revealed ...

LandLordInvest receives full authorisation

6th December 2016

New entrant in the buy-to-let and bridging loans space gets full authorisation in FCA’s latest surprise.   LandLordInvest, a peer-to-peer lending platform for buy-to-let and bridging ...

Finexkap and Sage join forces to launch integrated funding solution

5th December 2016

French invoice finance platform Finexkap partners with cloud accounting giant Sage.   Finexkap, the French online invoice finance platform, has announced a deal with Sage which will allow the ...

Comptroller to consider fintech charter applications

5th December 2016

Top regulator Thomas Curry will consider granting licences to fintech firms, allowing them to operate independently of the banks.   In the ongoing question of how to regulate marketplace lending ...

Growth Street joins FCA register, opens to individual investors

5th December 2016

Alternative overdraft platform now registered with regulator as appointed representative.   Growth Street, a marketplace lending platform for business loans, has secured appointed representative ...

Zopa introduces platform limit, stops accepting new funds

2nd December 2016

Leading marketplace lender forced to raise drawbridge as lender demand runs riot.   Zopa, the world’s original peer-to-peer lender, has introduced a limit on how much new money can be ...

Funding Circle passed the same stress test that RBS just failed

1st December 2016

One of the biggest rubs on marketplace lenders is that they haven’t been through a downturn. Ben Conway, co-manager of two Hawksmoor funds, recently told AltFi that he would be avoiding the nascent ...

TWINO opens Russian consumer loans to investors

1st December 2016

Latvian peer-to-peer lender TWINO claims to be first platform to offer European investors exposure to Russian loans.   TWINO, the Latvian peer-to-peer lender which offers investors a buyback ...

Management reshuffle at CAN Capital amidst asset performance concerns

30th November 2016

Leading small business lender puts CEO and other members of management team on leave of absence.   CAN Capital, one of the largest non-bank lenders in the US, has announced changes to its management ...

Funding Circle tops £100m in a month

30th November 2016

Leading SME lending platform Funding Circle notches monthly and daily origination records, becomes first UK platform to top £100m in a month.    Funding Circle, a leading marketplace ...

Financial health giant expands into Canada

30th November 2016

US-based personal finance firm Credit Karma branches out into Canada.   Credit Karma, the US personal finance platform with over 60 million users, is bringing its services to Canada. The expansion ...

Why financial health apps are natural allies for marketplace lenders (as long as they’re left independent)

29th November 2016

Financial health tools are the next big thing, if you believe the buzz. But what exactly are they, what do they do, and how are they relevant to the marketplace lending space?   The world’s ...

MarketInvoice blows by £1bn in invoices funded, strikes fourth local authority tie-up

28th November 2016

Leading invoice finance platform hits £1bn mark, with £500m of invoices funded in the past 14 months.   MarketInvoice has now funded £1bn of invoices through its marketplace ...

US origination slump continues as volumes halve

28th November 2016

Data shows origination volumes down again in third quarter, while subprime growth continues.   Specialist access platform Orchard has unveiled its latest quarterly report on the consumer unsecured ...

Risk appetite rising among UK investors, but millionaires still enjoy privileged access

25th November 2016

Angel-led crowdfunder SyndicateRoom publishes new report, reveals strong tailwinds for early stage investment.   SyndicateRoom, the angel-led equity crowdfunding platform, has published a new ...

Hammond’s first Autumn Statement offers some encouragement to AltFi sector

24th November 2016

Hammond springs surprise by abolishing autumn statement, declares support for FinTech firms.   Chancellor Philip Hammond’s first (and apparently last) Autumn Statement contained some ...

Could This Become an Essential Cog in the Crowdfunding Ecosystem?

24th November 2016

Liquidity, or a lack thereof, is one of the main challenges faced by the equity crowdfunding space.   If an equity crowdfunding investor is both shrewd enough and lucky enough to acquire a stake ...

Deal sweeteners: premium plays on property?

23rd November 2016

More or less every alternative finance platform in the world is engaged in a mad dash for scale, with speeds varying somewhat depending on the sub-sector. The need for these platforms to establish solid ...

SMEs unsure about Hammond as Autumn Statement looms

22nd November 2016

Lansons’ James Dowling says new Chancellor must improve his profile with nation’s small businesses.   New research by reputation management consultancy Lansons has found that a ...

Pensions freedoms and Brexit create heightened demand for alternatives, but knowledge gap still a factor

22nd November 2016

Survey of mass affluent finds investors taking advantage of pensions freedoms to diversify into alternative assets.   A new survey by YouGov has revealed that nearly half of mass affluent Britons ...

OakNorth boss calls on Chancellor to level playing field for challenger banks post-Brexit

21st November 2016

With the Chancellor’s first Autumn Statement looming, OakNorth CEO calls for further extension of the Funding for Lending Scheme.   Rishi Khosla, CEO and co-founder of challenger bank ...

Metro Bank revamps online banking platform

21st November 2016

Leading challenger bank refines online proposition as digital banking arms race heats up.   Metro Bank, the first in a flurry of UK-based challenger banks to receive a licence over the past ...

Michael Burry backed real estate lender PeerStreet raises $15m

18th November 2016

Real estate lending platform PeerStreet clinches $15m Series A led by Andreessen Horowitz.   PeerStreet, an up and coming marketplace for investing in real estate development loans, has closed ...

Seedrs delivers sector’s first IPO: a down round for investors

18th November 2016

Leading equity crowdfunder Seedrs sees former fundraiser list on AIM at a lower valuation than when it crowdfunded.   FreeAgent, a cloud based accounting software firm for freelancers and small ...

Renaud resurfaces, will launch rival to Lending Club

17th November 2016

Former Lending Club chief executive filed paperwork for new lender within weeks of ousting.   Renaud Laplanche (pictured right), former CEO of the world’s best-known marketplace lender ...

SyndicateRoom launches the WatchList, opens up AIM raises to investors

17th November 2016

Equity crowdfunder SyndicateRoom launches new offering to allow investors to participate in AIM raises.   SyndicateRoom, the Angel-led equity crowdfunding platform, has launched a new product ...

Zopa to launch next generation bank

16th November 2016

World’s first marketplace lender to launch challenger bank, will apply for licence.   Zopa, the UK’s leading peer-to-peer/marketplace lender, today becomes the first alternative ...

LiftForward clinches $100m in debt capital

16th November 2016

Small business lending platform LiftForward raises $100m in funding round facilitated by Monroe Capital.   LiftForward, a small business lender for manufacturers, distributors and retailers, ...

IW Capital enters debt space

16th November 2016

Private equity firm IW Capital launches debt investment arm.   IW Capital, a private equity firm with investments in WeSwap, Money&Co, Square Pie and Brewhouse & Kitchen, has launched ...

SoFi joins forces with Protective, launches next-generation life insurance product

15th November 2016

Millennial lending platform SoFi branches out into insurance just two weeks after launching latest product for homeowners.   SoFi just does a bit of everything. Barely two weeks after launching ...

Prosper appoints new CEO, Vermut to step down

15th November 2016

Marketplace lender Prosper reshuffles management, elevates CFO to top spot.   Prosper Marketplace, one of the largest marketplace lenders in the world, has appointed current chief financial ...

Comparison site Smarter Loans launches in Canada

14th November 2016

New aggregator site seeks to simplify nascent Canadian alternative lending sector.   Smarter Loans is a new aggregator site for Canada’s nascent alternative lending space – aimed ...

Property Partner hits £10m in shares traded, “still open” post-Brexit

14th November 2016

Real estate equity crowdfunder Property Partner hits £10m mark in shares traded on secondary market.   Property Partner, an equity crowdfunding platform for real estate investments, has ...

Avant kills off ReadyForZero one year after buying it

12th November 2016

Short term lender Avant to close down debt management platform just one year after acquiring it.   Lenders buying financial health platforms is a bit of a “thing” in fintech. Prosper ...

What is CCDS, and what does it mean for the alternative finance sector?

11th November 2016

New small business credit data sharing scheme a game-changer for alternative finance?   The potentially ground-breaking Commercial Credit Data Sharing (CCDS) scheme seems to have slipped by ...

Buy now, pay later service for travel strikes first contracts

10th November 2016

Travel specialist UpLift brings fintech-powered point-of-sale service to major travel brands.   UpLift, a fintech startup with a focus on the travel industry, has today signed up its first ...

UK Bond Network joins the ranks of the fully authorised

9th November 2016

Corporate bond investment platform receives direct authorisation from regulator.   UK Bond Network, a peer-to-peer investment platform for corporate bonds, has received full authorisation from ...

You can’t wall off change

9th November 2016

“How do you feel?”   A question that many in America and across the world have been forced to contend with this morning. But the deepest wells of feeling are often the hardest to ...

MW Eaglewood-backed Zorin Finance breaks cover

9th November 2016

Specialist property lender Zorin Finance funds over £100m loans in past 12 months.   Zorin Finance, a residential development finance specialist, has broken cover after having funded ...

Over 88 per cent of equity crowdfunded companies still trading, finds report

8th November 2016

Latest equity crowdfunding report from AltFi Data calculates 19.14 per cent IRR for industry.   The latest “Where are they now?” report, AltFi Data’s annual pulse check for ...

Invoice finance platform raises £2.7m, eyes UK expansion

7th November 2016

Finnish online invoice finance platform closes investment round, looks to launch in UK in early 2017.   AREX, an online invoice finance platform for SMEs, has clinched £2.7m in investment ...

CoInvestor secures seven figure pre-series A

7th November 2016

Next wave equity crowdfunder CoInvestor closes £1.1m pre-series A round.   CoInvestor, the equity crowdfunding platform that allows individual investors to back companies alongside fund ...

OnDeck posts $12.9m loss on quarter despite origination record

4th November 2016

Leading small business lender OnDeck sees losses mount despite significant growth in origination and loans under management.   OnDeck, the New York Stock Exchange listed online lender for small ...

RateSetter restructures provision fund, cancels wind down clause

4th November 2016

Leading peer-to-peer lending platform RateSetter tweaks provision fund model, will not wind down book in the face of losses.   RateSetter, the peer-to-peer lender famed for never having lost ...

LendingCrowd gets fully authorised, big five still waiting

3rd November 2016

Edinburgh based LendingCrowd becomes latest peer-to-peer platform to receive full authorisation.   It’s been a good few weeks for Scottish peer-to-peer business lender LendingCrowd. After ...

Abundance launches first green energy IFISA

3rd November 2016

Abundance launches green energy IFISA product ahead of other peer-to-peer lenders.   Abundance, an online investment platform for renewable energy projects, has launched one of the UK’s ...

SoFi and Fannie Mae launch new student loan product for homeowners

2nd November 2016

SoFi and Fannie Mae partner on new product to help homeowners pay down student debt more cheaply, using equity in their homes.   SoFi, the online lending platform for millennials, has teamed ...

Folk2Folk expands, targets £1bn in lending by 2020

2nd November 2016

Peer-to-peer lender Folk2Folk adds to regional branch network, eyes significant lending milestone.   Folk2Folk, the only peer-to-peer lender to have paired an online platform with a branch ...

Funding Circle smashes its own UK monthly origination record

1st November 2016

Leading small business lending platform Funding Circle topples UK’s monthly origination record, lends £95m in October.   Funding Circle, the world’s largest marketplace lender ...

The numbers behind Zopa’s interest rate cuts

1st November 2016

Interest rates for Zopa lenders are a little lower of late. Here’s why...   Last week saw leading consumer lending platform Zopa drop interest rates across all lender portfolios – ...

Bank referral scheme goes live

1st November 2016

The much-vaunted mandatory bank referral scheme goes live today, after more than two years of deliberation.   The bank referral scheme officially launches today, meaning designated banks will ...

Funding Circle rejigs rates

31st October 2016

Leading small business lender Funding Circle announces changes to gross interest rates.   Funding Circle, the world’s largest marketplace lender for SMEs, has adjusted the rates it charges ...

“True integration” between Borrowell and major Canadian bank

28th October 2016

Canadian bank CIBC partners with marketplace lender Borrowell on consumer loan offering.   CIBC, one of Canada’s big five banks, with around 11 million customers, has partnered with Borrowell ...

Future Finance scores £30m deal with EIF

27th October 2016

The European Investment Fund reaches £30m agreement with student lender Future Finance.   Future Finance, the online lending platform for students in the UK and Germany, has snagged £30m ...

LendingCrowd snags £2.75m from Scottish Enterprise

27th October 2016

Scottish Enterprise, Scotland’s main economic development agency, commits £2.75m to Scotland’s biggest peer-to-peer lender.   LendingCrowd, an up-and-coming business lending ...

New blockchain powered system to make marketplace lending a “bona fide” asset class?

26th October 2016

New open-source, blockchain system PUFIN aims to bring “order and uniformity” to marketplace lending – for free.   LendingCalc.com, a data analytics start-up in the marketplace ...

Survey confirms US banks prefer to collaborate with fintechs

26th October 2016

New survey from law firm Manatt, Phelps & Phillips reveals thousands of regional and community banks are adopting fintech solutions.   A new survey of regional and community banks, fintech ...

Lending Club launches auto refinancing product

25th October 2016

The world’s largest marketplace lender Lending Club branches out into auto finance, launches first secured loan product.   Lending Club, the first major marketplace lender to go public, ...

SMART Box for small business borrowers goes live

25th October 2016

Innovative Lending Platform Association launches SMART Box to offer more transparency to borrowers.   The Innovative Lending Platform Association (ILPA), a trade body comprised of three of ...

Zopa drops rates for second time in two months

24th October 2016

The UK’s first and largest peer-to-peer lender Zopa is cutting rates across all lender portfolios.   Zopa, the world’s original peer-to-peer consumer lender, is slashing rates by ...

Tantalising IFISA demand for Crowdstacker

21st October 2016

Crowdstacker, one of the few fully authorised peer-to-peer lenders, has seen lending volumes double since the launch of the IFISA.   Crowdstacker, an early-stage peer-to-peer lender for mid-sized ...

CommonBond closes $168m securitisation, receives highest rating yet

20th October 2016

Student lending platform CommonBond closes $168m securitisation, deal rated A1 by Moody’s.   CommonBond, a marketplace lending platform specialising in student debt, has closed a $168m ...

Orchard forms data analytics partnership with OnDeck

20th October 2016

Small business lender OnDeck forms reporting and analytics partnership with Orchard.   OnDeck, one of the largest fintech lenders to small businesses in the US, has announced a partnership ...

New platform allows investors to back development projects alongside professionals

20th October 2016

New real estate crowdfunding platform Homegrown goes live, funds first project.   Homegrown, a new platform which allows individual investors to invest in development projects alongside professional ...

Invesdor notches first exit as Heeros Oyj goes public

19th October 2016

Heeros Oyj going public, becomes first potential exit opportunity for Invesdor investors.   Finnish equity crowdfunding platform Invesdor has delivered its first exit to investors. Heeros Oyj, ...

PwC study finds 4.3m Germans unjustly denied access to credit

18th October 2016

New study applies auxmoney credit model to €66bn of rejected bank applications, finds around a third creditworthy.   A new study from PwC has attempted to gauge the impact of alternative ...

Lending Club adjusts loss expectations, tightens credit policy

17th October 2016

Leading US marketplace lender tighens credit policy to counter increasing consumer indebtedness.   Lending Club has announced changes to its loss projections and credit models, while raising ...

SoFi going global, targets Asia and Europe

17th October 2016

Multiple sources suggest SoFi is sizing up international expansion into Asia and Europe.   Leading student lending platform SoFi is considering expanding into Asia and Europe, according to ...

New LendingRobot product targets financial advisors

13th October 2016

Robo-advisor launches new product to get financial advisors investing via Lending Club.   LendingRobot, the robo-advisor for marketplace lending, has launched a groundbreaking new product for ...

Lending Works gets full authorisation, ISA manager status to follow

13th October 2016

Consumer lender Lending Works becomes first P2PFA member platform to be fully authorised by FCA.   Lending Works, a consumer lending platform which offers a level of insurance coverage to investors, ...

UBS launches robo-advice platform in UK

12th October 2016

UBS launches new wealth management platform to provide regulated and real-time financial advice online.   The world’s largest private bank UBS has launched a new robo-advice platform, ...

Sonovate raises £14m, eyes international expansion

12th October 2016

Leading recruitment finance provider Sonovate secures £14m Series B, with £9m in equity.   Sonovate, a specialist invoice finance platform for the recruitment industry, has raised ...

Peer-to-peer lenders assess risk “as well or better than” the banks, says Lord Turner

11th October 2016

Lord Adair Turner, former boss of the City regulator, issues correction to comment that peer-to-peer losses would make “the worst bankers look like lending geniuses”.    Lord ...

Funding Circle CEO: “There’s no such thing as a hybrid lender”

10th October 2016

Samir Desai, CEO of Funding Circle, dismisses the notion of a middle ground between marketplace and balance sheet lenders.    Speaking at today’s LendIt Europe conference, Funding ...

Retail investors have good understanding of P2P, says study

10th October 2016

New study from economic consultancy Oxera gives boost to peer-to-peer lending sector.   Consultancy firm Oxera has published an independent assessment of the economics of the peer-to-peer lending ...

Zopa adds Airbnb to partnership roster

7th October 2016

Leading marketplace lending platform Zopa has formed a disruptive partnership with home rental marketplace Airbnb.   Zopa, the world’s original peer-to-peer lending platform, has joined ...

AXA IM sheds light on new alternative credit platform

7th October 2016

AXA Investment Managers clarifies coverage of new global alternative credit platform, will not encompass marketplace/online loans.    AXA Investment Managers has created a new alternative ...

LendInvest bucks industry trend, posts £3.4m in profit in 2016

7th October 2016

Secured property lending platform LendInvest notches £3.4m of profit in 2016 off the back of 133 per cent revenue growth.   LendInvest, the largest property-focused marketplace lender ...

Mobile bank Atom opens to customers

6th October 2016

New mobile-only bank Atom Bank opens doors to users, ending “invitation only” phase.   Atom Bank, which claims to be the UK’s first bank built exclusively for mobile, is now ...

All change at Proplend

6th October 2016

Secured lending platform Proplend cuts ties with GLI, makes senior appointments.   Proplend has officially cut ties with GLI Finance, a former shareholder in the company. Proplend’s original ...

Mid-market business lending platform goes live

6th October 2016

SME Capital, a specialist debt investment platform for mid-sized businesses, closes first loan.   SME Capital has processed its first loan, a £1.25m deal, and claims to have a “significant ...

Securitisation to play key role in marketplace lending sector’s growth, says Moody’s

5th October 2016

More marketplace lenders will tap up financial markets for access to “stable funding”, according to new report from Moody’s.   Major ratings agency Moody’s thinks that ...

BNP Paribas launches €500m alternative credit fund

4th October 2016

BNP Paribas Investment Partners closes €500m raise for new SME-focused alternative credit fund.   BNP Paribas Investment Partners, the bank’s asset management arm, has hauled in ...

Alternative lender iwoca closes £46m debt and equity fundraise

4th October 2016

European SME lender iwoca closes £46m fundraise, includes £21m Series C.   Alternative lending platform iwoca has closed a £21m Series C fundraise, led by Prime Ventures, ...

Smava clinches $34m in Series C

3rd October 2016

German marketplace lending platform smava closes $34m Series C.   Smava, a leading marketplace lender in Germany, has clinched $34m in a round led by Runa Capital, with additional participation ...

RiverNorth launches marketplace lending fund

30th September 2016

RiverNorth Capital Management, LLC, the specialist investment manager with around $3.4bn in assets under management, launches much-anticipated marketplace lending fund.   RiverNorth Capital ...

Cambridge ties up with City regulator for sector review

30th September 2016

The University of Cambridge is joining forces with the FCA to produce an in-depth review of the alternative finance space.   The Cambridge Centre for Alternative Finance (CCAF), which regularly ...

Borro posts £2.7m loss, targets 2016 profitability

29th September 2016

Secured online lender Borro posts £2.7m loss in 2015, up from £9.8m in the previous year.   Borro, the online lending platform which allows borrowers to raise funds against luxury ...

In an increasingly intermediated industry, what’s the real value-add of a marketplace lending platform?

28th September 2016

As you might imagine, there was no shortage of things to talk about during the “In defense of online lending” panel at AltFi Global. After all, there’s plenty for the industry to defend ...

Growthdeck merges with private investor club, appoints new CEO

28th September 2016

Early stage equity crowdfunding platform Growthdeck merges with Radius Equity.   Growthdeck, the latest in a string of platforms to seek to “professionalise” the equity crowdfunding ...

MOCA gets away, senior tranche priced 75bps better than SBOLT

27th September 2016

The first ever securitisation of marketplace loans to consumers in the UK has priced.   MOCA 2016-1, the inaugural securitisation of Zopa loans, has priced. The pricing makes Fitch’s landmark ...

Zoopla opens property investment portal

26th September 2016

Online property hub Zoopla is entering the alternative finance space, announcing partnerships with Landbay and Bricklane.com.   Property website Zoopla has opened up a new “Invest” ...

Is fintech now “more bark than bite”? Starling Bank thinks so

26th September 2016

Revolution or evolution, which will the fintech sector deliver?   The alternative finance sector, and indeed the fintech sector more generally, has gotten pretty comfortable with the notion ...

GLI Finance reports £10.3m loss in H1

26th September 2016

GLI Finance posts £10.3m loss for H1 2016 amidst strategic reshuffle.   SME finance specialist GLI Finance posted net losses of £10.3m in the first half of 2016, according to the ...

Bank referral scheme to go live early next quarter

23rd September 2016

A start-date to the government’s much-vaunted bank referral scheme has at long last been set.   The alternative finance sector has been waiting for the mandatory bank referral scheme ...

MW Eaglewood to launch private equity fund

23rd September 2016

Marshall Wace subsidiary MW Eaglewood is launching a private equity version of its marketplace lending focused fund.   MW Eaglewood is launching a new private equity fund with a target raise ...

Zopa readies £138m debut securitisation, receives Aa3 rating

21st September 2016

The first securitisation of Zopa loans is doing the rounds with investors, as Moody’s assigns provisional ratings.   The first securitisation of loans issued by leading consumer lending ...

Growth Street launches B2B investment offering

21st September 2016

Growth Street rolls out lending proposition for businesses, to businesses.   The alternative overdraft platform Growth Street – until now a purely borrower-facing outfit – has opened ...

OurCrowd raises $72m, targets $1bn in annual funding by 2020

21st September 2016

Israeli equity crowdfunding giant OurCrowd raises $72m.   Jerusalem-based equity crowdfunder OurCrowd has closed a $72m Series C. Investors in the round include financial institutions, family ...

RateSetter posts £4.9m loss in 2015-16

19th September 2016

Leading marketplace lending platform RateSetter posts £4.9m loss in 2015-16, citing tweaked fee structure as key driver.    RateSetter has become the latest in a string of UK-based ...

SoFi announces employee benefit programme

19th September 2016

Millennial lending platform SoFi unveils employee benefit solution, already encompasses 600 leading companies.   SoFi is entering the employee benefit space in its latest bid to lay siege to ...

“How do we get permanent capital?”

16th September 2016

Marketplace lenders obsess over long-term capital at industry conference.   “Ecosystem” may be the flavour of the moment in marketplace lending, but “long-term capital” ...

“Ecosystem” is the new watchword in marketplace lending

15th September 2016

Marketplace lending industry turns to emerging ecosystem as answer to recent problems.    From platform, to investor, to gatekeeper, the message at yesterday’s AltFi Global Summit ...

Don’t lump us in with online lenders, says CAN Capital boss

14th September 2016

CAN Capital CEO forced to spend “inordinate” amount of time explaining differences between his firm and fintechs.   It’s been a turbulent year for alternative finance providers, ...

Lending Club enlists Wall Street veteran as new CFO

13th September 2016

The US’ largest marketplace lender Lending Club hires former Acelity man as CFO.   Thomas Casey is joining Lending Club as chief financial officer, effective September 19th. Casey most ...

MarketInvoice kicks off regional funding programme

8th September 2016

MarketInvoice scoops £50k from West Oxfordshire District Council to help fund local businesses.   MarketInvoice has forged a new partnership with the West Oxfordshire District Council ...

Funding Circle publishes post-Brexit stress test

8th September 2016

Funding Circle stress tests loanbook, delivers positive investor returns in doomsday-like scenario.   Funding Circle has run stress tests on its loanbook after being called on by institutional ...

Zopa partners with Pariti, offers loans to users

7th September 2016

Zopa is joining forces with UK-based money management app Pariti.   The new partnership will offer Pariti users Zopa-powered refinancing options via an integration between the two companies. ...

Seedrs publishes portfolio data, posts 14.44 per cent IRR

7th September 2016

Seedrs becomes the first equity crowdfunding platform to publish portfolio level data, revealing an annualised rate of return of 14.44 per cent.   Seedrs has become the first equity crowdfunding ...

More VC investment confirms point-of-sale as fintech hotspot

6th September 2016

Marketplace-based point-of-sale finance provider Divido has closed a £2.5m seed round, with popularity spiking post-Brexit.   Divido has closed a £2.5m seed round led by European ...

Latest Cambridge report reveals slowdown in alternative finance growth in Mainland Europe

6th September 2016

The latest report from Cambridge finds that the European online alternative finance market grew to a size of €5.431bn in 2015.   The €5.431bn number translates to a growth rate of ...

CoAssets completes IPO, raises S$6.72m

5th September 2016

Singapore-based CoAssets stages landmark listing on the Australian Securities Exchange, raising S$6.72m.   Online lending platform CoAssets listed on the ASX this morning at an issue price of ...

How does Moody’s respond to questions about whether online lending is a bubble?

2nd September 2016

Online lending won’t cause the next global financial crisis, says Moody’s Jim Ahern, because it’s simply too small.   Moody’s regularly fields questions about whether ...

Zopa drops rates, more platforms to follow?

1st September 2016

The UK’s largest marketplace lender is cutting lender rates by 0.2 per cent across all three of its products.   Interest rates on Zopa’s Access, Classic and Plus account will fall ...

Fellow Finance branches out into SME lending

1st September 2016

Finnish peer-to-peer lending platform Fellow Finance has launched a new SME lending product.   Fellow Finance claims to have become the first platform in Northern Europe to offer financing ...

zipMoney publishes FY16 numbers

31st August 2016

Aussie point-of-sale finance and payments provider zipMoney has seen strong transaction and revenue growth, but posted a loss on the year.    The ASX listed zipMoney saw revenues grow from ...

Have online lenders changed their spots?

30th August 2016

It feels as though the world’s largest online lenders have at last begun to emerge from the shadow of what has undoubtedly been the toughest six month stretch in the lifetime of the industry. But ...

FICO takes aim at fintech lenders

26th August 2016

A senior vice president at FICO has blasted online lenders, saying that their “poorly conceived” lending models could have unintended consequences.   Dr. Andrew Jennings, senior ...

Zopa posts £8.9m loss for 2015, up 45 per cent from previous year

26th August 2016

The UK’s oldest and largest marketplace lending outfit posted an £8.9m loss in 2015, despite nearly doubling its revenues.   Zopa has released its annual report and financial statements ...

Report highlights marketplace lending slow-down in US

25th August 2016

Orchard’s Q2 2016 numbers cap off a sobering quarter for marketplace lenders.   The latest quarterly data on unsecured consumer marketplace lending in the US confirms what the majority ...

Goldman Sachs-backed Financeit launches new point-of-sale platform

25th August 2016

Canadian fintech outfit Financeit has launched a new point-of-sale product for businesses.   The new platform, named Financeit Direct, will allow merchants to offer their customers a seamless ...

OnDeck gets fresh paint job

25th August 2016

OnDeck becomes the latest online lender to spruce up its image.   Leading business lending platform OnDeck has unveiled a new logo and revamped website, as the company seeks to portray a more ...

Investor demand soars for alternative credit and private debt, finds report

24th August 2016

A new survey reveals that investors are set to increase their allocations to private debt over the coming year.   Elian, a funds services provider, has surveyed 88 alternative investment professionals, ...

Fundation scores $100m facility from Goldman Sachs

24th August 2016

Fundation, the small business lender which works alongside the banks, has secured a $100m asset-backed credit facility from Goldman Sachs.   The money will be used to ramp up the growth of ...

Property Partner to launch bidding engine

5th August 2016

Property Partner, a leading real estate investment platform, is launching a new bidding engine for investors.   The move comes as the platform gears up for more secondary market activity in ...

Back on track? Major marketplace lenders in talks to secure billions in loan purchasing deals

5th August 2016

Prosper is said to be discussing a $5bn loan purchasing agreement, with Lending Club rumoured to be exploring a similar deal for $1.5bn.   After months of uncertainty in the capital markets, ...

Interest rates fall, P2P platforms overwhelmingly positive

4th August 2016

It’s official: interest rates have been cut to an all-time low of 0.25%. But what will be the impact for the UK’s alternative finance sector?   The monetary policy committee (MPC) ...

“Alternative lenders are here to stay,” says Deloitte report

4th August 2016

A report by Deloitte and AIMA on the $560bn private credit market hails alternative credit as a “quiet revolution” in the way that companies secure funding.   The report hones in ...

Survey finds small business owners favour Trump

4th August 2016

53 per cent of the small business owners polled by US alternative lender Capify believe that Trump is the right candidate for them.   The survey, which gathered feedback from over 900 US businesses, ...

RateSetter to close 3 year market

2nd August 2016

As of 5 October 2016, RateSetter’s 3 year market will be closed to new investment.   RateSetter says that demand for its 5 year product is the primary impetus behind the planned closure. ...

TISA launches new P2P Forum

2nd August 2016

TISA, the financial services membership organisation, has launched a new P2P Forum to help shape policy in the peer-to-peer lending sector.   The new forum is designed to enable those involved ...

Disruptive partnership forms between two Australian platforms

2nd August 2016

ThinCats Australia has joined forces with DomaCom, a soon to list real estate equity investment platform.   The partnership will involve using ThinCats loans in order to gear properties on ...

Harmoney to plead guilty to having misled customers

1st August 2016

New Zealand’s largest and best known marketplace lender is to plead guilty to charges filed by the Commerce Commission after promising pre-approval to over half a million customers.    The ...

Platform to open up senior secured corporate bond market for investors

1st August 2016

WiseAlpha, the alternative investment platform for corporate debt, is opening up access to the senior secured corporate bond market for individual investors.   The new product offering will ...

New platform offers repayment “guarantee”

29th July 2016

A new player in the peer-to-peer lending sector is offering investors up to 7.08% with a repayment “guarantee” attached.   Orchard Lending Club (OLC) has been spun out of the AIM-listed ...

Lloyds to close 200 branches as customers move online

28th July 2016

News broke today that Lloyds has doubled planned branch closures, with 200 set to close by the end of 2017.   The high street bank is also ramping up its job-cutting scheme by adding a further ...

Chinese investor backs Money&Co.

28th July 2016

Nicola Horlick’s P2P business lending platform Money&Co. has secured an investment from a Chinese investor.   Money&Co. has signed an investment agreement with the Chinese Overseas ...

UK firms still focused on bank lending – but will Brexit change that?

27th July 2016

British Chambers of Commerce survey shows awareness of alternative funding options still low in relation to traditional funding routes.   A joint survey of more than 1,000 businesses conducted ...

Negative interest rate warning highlights “need for competitive” business finance sector

27th July 2016

RBS and NatWest have warned business customers that they may start charging them to accept deposits.    Reacting to the threat of an interest rate cut, the two banks sent a letter to nearly ...

New business lender Wirefund goes live

27th July 2016

A new player has emerged within the UK’s short term business lending space.   New business lending platform Wirefund launches today, touting what it perceives to be a simpler and smoother ...

Fundbox launches borrower facing app

26th July 2016

Leading US invoice finance solution Fundbox launches mobile app for businesses.   Fundbox has launched a new app, allowing small business owners to manage their cash flows on the move. Fundbox ...

“Behind the scenes” lending – the next sector hot-spot?

25th July 2016

People often speculate about what will be the next high growth niche within alternative lending, an industry which as a whole has grown 50.62% in the UK over the past 12 months. For a time, real estate ...

ThinCats launches tax-efficient social investment product

22nd July 2016

ThinCats launches new social investment product offering investors up to 30% in tax relief.   Former ThinCats CEO and current Chairman Kevin Caley has launched Community Chest, which he claims ...

Fundation teams up with minority-owned business agency

22nd July 2016

Fundation signs an MOU with bureau of the US Department of Commerce to provide greater access to capital for minority-owned business enterprises.   Fundation has tied up with US Department ...

New FCA boss “pretty worried” about P2P

21st July 2016

The new CEO of the FCA Andrew Bailey is concerned about the UK’s peer-to-peer lending sector, particularly in terms of the manner in which platforms are marketing themselves.   Under ...

Reasons to be cheerful

20th July 2016

Is the tide beginning to turn in favour of online lending companies?   It’s often been said that Moody’s decision to put a Prosper loans backed securitisation on review for downgrading ...

“A proper bank replacement”? An interview with Nucleus boss Chirag Shah

20th July 2016

Nucleus CEO calls Brexit “the best opportunity for us to establish ourselves as a key part in the UK business credit market”.   When Nucleus Commercial Finance launched, they thought ...

Can it really be “business as usual”?

19th July 2016

How are marketplace lending platforms really faring in these uncertain times?   I was a huge fan of ArchOver CEO Angus Dent’s heart-on-sleeve response to the UK’s Leave vote. He ...

CommonBond closes $30m up-round, makes acquisition

19th July 2016

Student lending platform CommonBond has clinched over $300m in funding, including a $30m Series C, while also announcing the acquisition of Gradible.    The Series C fundraise was led ...

Zopa hires new CTO

19th July 2016

UK’s largest peer-to-peer lender appoints ex-PokerStars man as new CTO.   Ronen Benchetrit has joined consumer lending platform Zopa as chief technology officer. Benchetrit most recently ...

Seedrs starts “on-the-ground expansion” in Europe

18th July 2016

Seedrs is ramping up its continental Europe activities with the launch of a new office in Amsterdam.   The move marks the first time that Seedrs has established a physical presence outside ...

MarketInvoice raises £7.2m

18th July 2016

MarketInvoice clinches £7.2m in round led by Polish private equity group.   Leading invoice finance platform MarketInvoice has raised £7.2m in what the company is calling the first ...

Crowdcube reveals secondary market plan ahead of landmark fundraise

18th July 2016

Leading UK equity crowdfunder Crowdcube to focus energies on secondary market as fundraise looms.   Crowdcube today publishes the prospectus for its planned £5m+ crowdfunding round, revealing ...

BoE holds rates, P2P "not linked"?

15th July 2016

How will the UK’s peer-to-peer lenders react if interest rates are cut?   The Bank of England yesterday announced that the base rate would be held at 0.5%, despite widespread claims to ...

Legion Trade Finance goes bust

14th July 2016

Legion Trade Finance – a trade finance provider – has gone into administration.   Legion Trade Finance provided facilities to UK companies in order to allow them to purchase goods ...

Survey highlights saver indifference

14th July 2016

New research from property crowdfunding platform Property Moose suggests Brits aren’t paying close enough attention to interest rates.   Property Moose, the real estate equity investment ...

Funding Circle hires ex-Nomura boss as global CFO

13th July 2016

Former CEO of Nomura International and EMEA joins Funding Circle as Global CFO.   Jeremy Bennett (pictured right) is joining the UK’s largest SME lending marketplace as Global Chief Financial ...

Lendico signs joint venture, enters Switzerland

12th July 2016

Rocket Internet-backed marketplace lender Lendico has formed a joint venture with Swiss PostFinance.   Set to go live in Q4 of this year, the partnership paves the way for Lendico to branch ...

FCA to shake up equity crowdfunding? Regulator considers action

11th July 2016

The FCA’s post-implementation review has thrown up a number of concerns over the equity crowdfunding sector, centring on disclosure, due diligence requirements and potential conflicts of interest. ...

Lendix expands to Spain

11th July 2016

One of France’s largest SME lending platforms is branching out into Spain.   Lendix – a French marketplace lending platform for SMEs – has been authorised by the Spanish regulator, ...

FCA cites concerns in P2P review, regulatory arbitrage tops list

8th July 2016

The FCA is taking another look at its approach to regulating both the peer-to-peer lending and crowdfunding sectors.   The UK regulator, which implemented new rules for the regulation of “crowdfunding” ...

PayPal’s online lending business tops $2bn mark

7th July 2016

PayPal Working Capital has now lent over $2bn to over 90,000 businesses across the UK, US and Australia.   Launched as recently as 2013 in the US, and 2014 in the UK, PayPal Working Capital ...

AmEx to launch online lending platform

7th July 2016

American Express plans to enter into the online lending space with a new short term funding solution for businesses.   AmEx, the $55.13bn market cap credit card giant, is launching a short-term ...

Lending Works raises £3m

7th July 2016

Lending Works has closed a £3m Series A funding round, on-boarding a high profile backer in the process.   Lending Works was the first platform to splice together the peer-to-peer lending ...

How will Property Partner fare post-Brexit? Platform plans new bidding functionality

6th July 2016

Are Property Partner investors revealing signs of post-Brexit jitters?    When we interviewed Property Partner boss Daniel Gandesha in June, he described liquidity as a “false friend”. ...

Carney frees up £150bn in bank lending

6th July 2016

The Bank of England has published its Financial Stability Report, which frees up an extra £150bn in bank lending.   Mark Carney, Governor of the Bank of England, yesterday took steps ...

Lessons learned from investing in the big three P2P lenders

5th July 2016

It’s easy to get swept up in the jargon and minutiae of the alternative finance sector. At AltFi, we tend to focus on what we term as “industry” developments – shifts in structure, ...

Crowdcube to raise funding under prospectus in industry first

4th July 2016

Crowdcube is planning to raise money under a prospectus on its own platform, meaning the round could well top the €5m mark.   Crowdcube is poised to follow in the footsteps of Brewdog. ...

Capify says SMEs positive post-Brexit

4th July 2016

Capify has published results from a survey suggesting that UK small businesses are remaining positive post-Brexit.   The small business lender Capify becomes the latest in a string of alternative ...

Knecht quits Funding Circle

30th June 2016

Matthias Knecht has quit Funding Circle Continental Europe, after what the German press is calling a “dispute” with the UK mothership.   Knecht has headed up Funding Circle’s ...

Meekings calls on British Business Bank to step up

29th June 2016

James Meekings calls for British Business Bank to plug the gap, with EIB funding plans likely to fall through.   The Business, Innovation and Skill select committee quizzed a panel of small ...

Sanborn made CEO at Lending Club, company to cut 179 jobs

28th June 2016

Lending Cub appoints Scott Sanborn as CEO and president and announces 179 job cuts due to slower loan volume ahead of its Annual Stockholder Meeting later today.   Lending Club’s rescheduled ...

Supreme Court rejects Midland appeal in major blow to marketplace lenders

28th June 2016

Yesterday saw the U.S. Supreme Court reject calls to review a Second Circuit decision on the Madden vs. Midland case, in what’s been described as a serious blow to marketplace lenders.   The ...

GLI acquires FundingKnight

28th June 2016

GLI Finance has agreed to acquire FundingKnight for £750k.   GLI and FundingKnight parted ways in February of this year, when the new GLI management team – spearheaded by CEO Andrew ...

“Adviser-friendly” P2P – An interview with Octopus Choice

27th June 2016

Octopus Investments – the UK fund manager with more than £6bn under management – launched a new peer-to-peer lending product in April called Octopus Choice. The new platform has been ...

LendInvest rated highly for second year running

27th June 2016

Secured marketplace lender LendInvest has secured the highest rating that ARC Ratings can give.   ARC is a regulated European credit agency which is registered with the European Securities ...

UK votes Leave – AltFi leaders react

24th June 2016

The UK has voted to leave the EU. Prime Minister David Cameron is stepping down. The pound tanked overnight, at one stage hitting $1.3236, its lowest point since 1985. The FTSE 100 fell more than 500 points ...

5 key considerations post Brexit

24th June 2016

A number of key figures from the alternative finance sector have issued “business as usual” statements this morning, as well you might expect them to. But the enormity of today’s Leave ...

SoFi ploughs ahead with consumer loan securitisation

23rd June 2016

SoFi – the financial services provider for millennials – has closed a $380m securitisation of consumer loans.   The deal, which closed on Tuesday, was SoFi’s first rated bond ...

Prosper chases retail cash with platform revamp

22nd June 2016

Prosper is tweaking its retail investor experience in an effort to boost investment flows.   Prosper Marketplace is enhancing its investment proposition for individual investors with the launch ...

Commerzbank to launch marketplace lending platform

22nd June 2016

A major German bank is launching a marketplace lending platform as part of a broader digitalization strategy.    Michael Kotzbauer and Birgit Storz of Main Incubator yesterday confirmed ...

Borrowell opens up free credit scoring in Canada

21st June 2016

Canadian marketplace lender Borrowell has tied up with Equifax Canada to allow free access to credit scores via the Borrowell website.   Andrew Graham, CEO of the platform, tells us that this ...

British Business Bank seeks new lenders for EFG scheme

21st June 2016

The British Business Bank is opening up the Enterprise Finance Guarantee (EFG) programme to new lenders.   The British Business Bank has today opened up the EFG accreditation process with the ...

European Investment Bank backs Funding Circle with £100m

20th June 2016

The European Investment Bank (EIB) has agreed to invest £100m through the Funding Circle platform, which comes alongside a £25m investment in the Funding Circle SME Income Fund.   Funding ...

creditshelf closes funding round

20th June 2016

German mid-market business lending platform creditshelf has closed its next funding round.   The platform declined to specify exactly how much has been raised, stating instead that it’s ...

LendInvest appoints Wilcke on road to IPO

17th June 2016

Former OneSavings Bank Executive Chairman Stephan Wilcke has joined LendInvest as a Senior Adviser as the platform gears up for a landmark IPO.   Wilcke, currently the Chairman of Amigo Loans ...

Ratings agencies offer measured take on marketplace lending

17th June 2016

Major ratings agencies weigh in on marketplace lending as an asset class, point to concerns over track record and alignment.   The present turmoil within the marketplace lending sector may ...

Issuer universe expands as new lenders flock to ABS markets

16th June 2016

The securitisation industry’s best-known gathering of issuers and investors has been bitten by the marketplace lending bug. Despite there having been just one securitisation within the UK and European ...

Britain’s AltFi leaders all-in on EU? Platform bosses fear Brexit would drain talent pool

13th June 2016

The UK’s small businesses are already showing signs of nerves. Business loan comparison website Capitalise.com came out with research last week which revealed that the impending referendum has already ...

Relendex raises equity

13th June 2016

Real estate lending platform Relendex has closed an equity fundraising round.   Relendex has raised an undisclosed sum of money from 3S Investments Ltd. While the specifics of the fundraise ...

Prosper publishes performance data, says product remains “very attractive”

10th June 2016

Prosper has published performance data as a means of highlighting the continuing appeal of its loan assets.   The headline stat is that the platform’s expected return on forward production ...

“It’s all about the long game” – An interview with Property Partner boss Daniel Gandesha

9th June 2016

AltFi talks to Property Partner Founder Daniel Gandesha about the Property Partner investment proposition, the importance of transparency and the alternative finance industry as a whole.   Being ...

“Big three” now City dwellers

9th June 2016

Zopa is relocating to London Bridge, meaning all three of the UK’s largest P2P lenders will soon be City-based.   Zopa has leased 25,252 square feet on the first floor of Cottons Centre ...

ESF makes next move, invests £4.6m in Satago

8th June 2016

ESF Capital has completed an investment in Satago – a new cash-flow finance solution for SMEs.   ESF has invested £1.6m in the equity of Satago as well as providing the platform ...

AltFi Data Analytics Arrives - Brings Added Scrutiny to Sector

7th June 2016

AltFi Data Analytics launches today, bringing a set of institution grade analytical tools to the UK’s marketplace lending sector.   The new subscriber-only service is powered by loan-by-loan, ...

Eiffel launches €100m Eurozone fund, Aviva invests €50m

7th June 2016

Eiffel eCapital has launched a new investment fund with the backing of several major insurance companies.   The new €100m fund will go by the name “Pretons Ensemble”. Aviva ...

Robo-advisor launches new Lending Club investment product as platform scales back marketing

7th June 2016

LendingRobot is attempting to sweeten the deal for Lending Club investors, while the platform itself scales back on its borrower-facing marketing efforts.   LendingRobot is an automated investment ...

zipMoney raises A$20.6m, eyes acquisition

6th June 2016

Australian point-of-sale credit and payments provider zipMoney has raised A$20.6m in a share placement.   The money has been invested by a mix of institutional investors, superannuation funds ...

Vouch Financial to shut down?

6th June 2016

US platform Vouch Financial is said to be shutting down in the latest blow to the marketplace lending sector.   The Wall Street Journal reports that Vouch Financial is closing down, based on ...

Pre-empting responses to Andrew Tyrie MP – Chairman of the Treasury Select Committee

2nd June 2016

Andrew Tyrie MP – Chairman of the Treasury Select Committee – has written a pair of probing letters to the FCA and PRA on the subject of crowdfunding.   The Conservative MP for Chichester ...

Is loan validation the key to bringing investors back to the marketplace lending party?

1st June 2016

We all know the story by now. Renaud Laplanche was dismissed from Lending Club some three weeks ago, sending shockwaves across the marketplace lending industry. Share prices tumbled and investor appetite ...

Kikka Capital Partners With FlexiGroup

31st May 2016

FlexiGroup has taken a minority stake in Australian small business lender Kikka Capital.   FlexiGroup – which is listed on the ASX 200 – is a pioneering point of sale lender. Its ...

Mullinger Steps Back

31st May 2016

Andrew Mullinger has taken a step back from Funding Circle.   Mullinger is one of the three original co-founders of Funding Circle, alongside James Meekings and CEO Samir Desai. Mullinger has ...

Prosper Exploring Majority Stake Sale?

27th May 2016

Prosper Marketplace has hired a pair of investment banks to explore the sale of equity in the company, among other “strategic alternatives”.   Prosper has hired Financial Technology ...

Neyber Partners With Staffcare

27th May 2016

Neyber has joined forces with Staffcare, opening up access to as much as 10% of the UK workforce.   The fast-rising Neyber – an online lending platform for salary deducted loans – ...

Blue Elephant to Resume Prosper Loan Purchases

26th May 2016

Specialist investment fund Blue Elephant starts buying up Prosper loans again after a temporary pause in the programme.   According to Reuters, Blue Elephant Capital Management has suggested ...

Prosper Raises Rates

25th May 2016

Prosper is increasing the rates that it charges to borrowers in an effort to stimulate investor demand.   Rates are rising by 0.29% on average across the entire Prosper loan book. The shifts ...

Neyber Releases Financial Wellbeing Survey

25th May 2016

Neyber has published a new report on the financial wellbeing Britain’s workers.   Neyber is an online lending platform for employees. The company makes its loans via an innovative salary ...

ArchOver and GapCap Form Partnership

24th May 2016

A strategic partnership has formed within the UK’s alternative finance space.   ArchOver and GapCap have signed a formal Service Level Agreement which will enable the two platforms to ...

Avant to cut jobs, cancel product launches

23rd May 2016

Avant becomes the latest online lender to feel the squeeze, laying off 7% of its workforce.   Short-term consumer loan platform Avant has thus far managed to keep clear of the negative headlines, ...

Zopa Launches First Point-of-Sale Partnership

23rd May 2016

The first of Zopa’s point-of-sale partnerships is now live.   Leading consumer lending platform Zopa has announced a tie-up with UNSHACKLED.com – an online “one-stop shop” ...

GLI Boss Clarifies Strategic Vision

20th May 2016

We’re now beginning to see GLI Finance CEO Andy Whelan’s vision play out. We’ve known for some time that the company has been trimming down its assets, refocusing itself on a narrower ...

Zopa Launches Car ReFi Product

19th May 2016

Zopa is launching the UK’s first dedicated online car refinancing service.   The UK’s largest peer-to-peer lending platform Zopa is launching a new product by the name of Zopa Car ...

OnDeck Closes $250m Securitisation

18th May 2016

Small business lending platform OnDeck has closed a $250m securitisation.   OnDeck priced the deal in late April. As planned, the Notes were issues in two classes, consisting of $211.5m of ...

CMA calls for APRs for sub-£25k business loans

18th May 2016

The APR4SMEs campaign scores a major victory as the CMA moves to make cost of funding clearer for small businesses.   APR4SMEs isn’t going away. The campaign that seeks to cement the ...

Lending Club receives subpoena, may fund loans on balance sheet

17th May 2016

The Lending Club ship has yet to steady.   Lending Club has revealed that it received a grand jury subpoena from the U.S. Department of Justice (DOJ) in the immediate aftermath of former CEO ...

New Crowdfunding Regulations in Isle of Man

17th May 2016

In rather an unusual development, the Isle of Man is making a bid to become a hub for alternative finance.   The Isle of Man is implementing a suitable regulatory environment for both equity ...

GLI Reveals Master Plan

16th May 2016

Andy Whelan’s plan for the future of GLI Finance is beginning to fall into place, as the company announces its intention to bring a number of GLI portfolio pieces into the newly formed Sancus BMS ...

A muted start to Title III

16th May 2016

The much talked about launch of Title III of the JOBS Act goes live in the US today, at last opening up equity crowdfunding investments to the masses. Or so the story goes.   The reality is ...

Blackstone drops online lending project

13th May 2016

Blackstone has dropped plans to launch an online lending platform.   BloombergTechnology reports that Blackstone Group – which manages more than $100bn in real estate assets – has ...

In defence of marketplace lending in the UK

11th May 2016

Marketplace lending in the US is reeling. Lending Club’s founding CEO Renaud Laplanche resigned on Monday, ending a ten year run at the top of the sector’s biggest and best-known brand. Lending ...

US Treasury Publishes Recommendations for Marketplace Lending

11th May 2016

The US Treasury has released a white paper on the marketplace lending industry, and the timing couldn’t be more intriguing.   The Treasury issued a Request for Information to industry ...

Laplanche Quits Lending Club, Company Withdraws Guidance

9th May 2016

Long-time Lending Club CEO Renaud Laplanche has resigned.   Ahead of today’s investor earnings call, leading marketplace lending platform Lending Club announced that it has accepted the ...

RateSetter Recruits Chief Risk Officer

9th May 2016

RateSetter has landed another executive from the traditional banking sector.   Cyrille Sallé de Chou is joining the RateSetter platform from Lloyds Banking Group, where he currently ...

SyndicateRoom Announces Series A Fundraise

9th May 2016

Equity crowdfunder SyndicateRoom is launching a £2.3m Series A funding round.   The new SyndicateRoom offering will launch on the platform at 09:00 tomorrow morning. Proceeds from the ...

Innovative lending association formed

6th May 2016

The world’s largest online lenders are falling into rival camps.   Yesterday came the announcement that OnDeck, Kabbage and CAN Capital – three of the largest small business lending ...

Lendable looks to own “higher yielding, underserved space” within consumer credit

5th May 2016

Unsecured consumer lending platform Lendable was founded in July 2014 and has quickly worked its way to a cumulative lending volume of over £17m. Its 3 month market share within the UK peer-to-peer ...

eMoneyUnion to rebrand as “Us”

5th May 2016

Consumer lending platform eMoneyUnion is rebranding as “Us”.   The rebrand comes in response to the recently launched Innovative Finance ISA, which the Us platform hopes to become ...

Prosper to Cut Jobs

4th May 2016

Prosper is cutting loose 28% of its workforce.   Marketplace lender Prosper is planning to shrink the size of its operation on multiple fronts, according to the Wall Street Journal. A ...

Further Detail on Lending Club Securitisation

3rd May 2016

More detail has emerged on Lending Club’s inaugural securitisation.   Last week we learnt that Lending club is working alongside Goldman Sachs and Jefferies Group to securitise its loans. ...

Marketplace Sales Slow for OnDeck

3rd May 2016

Small business lending platform OnDeck has seen losses grow as marketplace sales have slowed.   OnDeck has posted a net loss of $13.1m on the quarter, over twice the size of the losses sustained ...

LendInvest Clinches Warehouse Funding Line from Macquarie – Securitisation Inbound?

28th April 2016

Property lending platform LendInvest has secured a £40m warehouse funding line from Macquarie.   The £40m will be invested in real estate loans through the platform. The smoke signals ...

OnDeck Prices $250m Securitisation

28th April 2016

Leading small business lender OnDeck has priced a $250m securitisation.   The securitisation will consist of two classes of note. The Class A Notes will consist of $211.5m of principal, with ...

Strategic Land Investment Platform Launches

27th April 2016

The equity crowdfunding model continues to branch out into pastures new, as strategic land investment platform Intro Crowd goes live.    Similar in style to the various real ...

The marketplace lending ecosystem – and the tensions that come with it

26th April 2016

The marketplace lending “ecosystem” is something that you'll often hear talked about at industry events. The term “ecosystem” refers to an array of auxiliary tools that together ...

GLI Invests £5m in Platform Black

26th April 2016

GLI Finance has invested more money in Platform Black.    GLI has announced an investment of £5m in invoice finance provider Platform Black. GLI subscribed for 5 million preference ...

Kueski Raises $35m

22nd April 2016

Mexican online lending company Kueski has just raised $35m, including $10m in equity money.   Kueski offers real-time micro loans to Mexican consumers, using big data and machine learning to ...

Lending Works Sees Strong IFISA Demand

21st April 2016

Insured P2P lending outfit Lending Works is seeing strong demand for the Innovative Finance ISA among its investors, and may also have cracked the problem of multi-platform IFISA investment.    Lending ...

“Pro-to-Pro” Real Estate Platform Launches

20th April 2016

A new name has surfaced in the online real estate funding space.   InvestSure is the latest platform to enter into the increasingly packed world of online lending for real estate projects. ...

RateSetter Appoints Target Group

20th April 2016

More changes are afoot at RateSetter, as the platform appoints Target Group as its standby servicer.   Having a backup servicing arrangement in place is a requirement of FCA regulation. Peer-to-peer ...

Lendix Acquires Fellow Marketplace Lender Finsquare

19th April 2016

French marketplace lender Lendix has acquired former competitor Finsquare.   Finsquare is a short-term, SME marketplace lending platform that formerly operated as a competitor to Lendix. Finsquare ...

The Seedrs Way

19th April 2016

CEO Jeff Lynn opens up on everything from sector-wide transparency, to platform structure, to the so-called wisdom of the crowd.   The UK’s equity crowdfunding sector is in a state of ...

BlackRock Invested £12.7m in Funding Circle Fund

18th April 2016

BlackRock has emerged as the latest asset manager to have invested a significant amount in peer-to-peer loans.   According to an FT report from Friday – one based upon Bloomberg data ...

FSCS to encompass peer-to-peer lending?

15th April 2016

Bad advice relating to peer-to-peer lending investments is to become eligible for the Financial Services Compensation Scheme (FSCS).   The FSCS guards UK savers against the risk of their bank ...

Octopus Launches P2P Product

14th April 2016

Octopus Investments has entered into the world of online lending.   Octopus Investments – the UK fund management company that manages over £5.5 billion in assets for over 50,000 ...

Pave Clinches $8m in Series A

13th April 2016

Pave – the online lending platform for the millennial generation – has closed an $8m Series A funding round.   The funding comes courtesy of Maxfield Capital, a venture capital ...

SBFA Publishes Best Practice Guidelines

13th April 2016

The Small Business Finance Association (SBFA) has today released a checklist of best practices for the alternative finance industry.   The SBFA, formerly known as the North American Merchant ...

New Envestnet | Yodlee Product to Target Online Lenders?

12th April 2016

Envestnet | Yodlee has launched its new “Risk Insight” solution – which will provide lenders with a more holistic view of consumer bank account and spending activity.   Envestnet ...

The World's First Americas Benchmarking Report

12th April 2016

The first academic report to hone in on the alternative finance market in the Americas has arrived.   The “Breaking New Ground: The Americas Alternative Finance Benchmarking Report” ...

Secondary Market Platform Closes First Deal

11th April 2016

Ldger has completed its inaugural whole loan trading auction of Prosper Marketplace loans.   Ldger is a New York-based secondary market platform for marketplace lending assets. The platform ...

Groves Steps Down as UKCFA Chair

1st April 2016

Julia Groves has stepped down as Chair of the UKCFA.   Groves, formerly CEO of Trillion Fund, is now heading up Downing Crowd. The company is an offshoot of the London based VCT and EIS specialist ...

All is well in alternative finance

1st April 2016

It’s been a heavy news morning at AltFi Towers…   Today we learn that the much vaunted mandatory bank referral scheme will – contrary to widespread qualms – get under ...

Prime Meridian Launches Real Estate Lending Fund

1st April 2016

Prime Meridian Capital Management has launched a new fund which will be dedicated to real estate investments.   The Prime Meridian Real Estate Lending Fund is the first of its kind within the ...

“Big three” to miss IFISA launch

31st March 2016

The “big three” of peer-to-peer lending in the UK – Zopa, RateSetter and Funding Circle – will not be fully authorised by 6 April.   Leading peer-to-peer lenders Zopa, ...

SME lending association in the works?

23rd March 2016

Have the seeds of a new alternative lending industry body been sown?   The headlines will rightly go to yesterday’s terrific AltFi Europe Summit, but on Monday evening AltFi also quietly ...

RateSetter Joins Forces With SyndicateRoom

22nd March 2016

Peer-to-peer lending platform RateSetter has entered into a unique referrals partnership with angel-led equity crowdfunder SyndicateRoom.   The two alternative finance platforms will now refer ...

Afluenta Closes $8m Fundraise

18th March 2016

Leading Latin American peer-to-peer lending platform Afluenta has closed an $8m Series B funding round.   The International Finance Corporation (IFC) – the private sector institution ...

EIB to provide leverage to Funding Circle fund?

18th March 2016

More market rustlings about a potential collaboration between Funding Circle and the European Investment Bank are afoot.   We first learned of this potential tie-up in September 2015, when ...

Multi-Platform IFISA Made Possible

17th March 2016

Has the Treasury acted to allow the multi-platform IFISA investment?   We are now less than 3 weeks away from the advent of the Innovative Finance ISA, which will for the first time allow retail ...

A tale of two credit models

17th March 2016

Is there anything truly innovative about the way that alternative lenders assess credit?   It’s a question that seems to have been cropping up quite a bit in industry discourse of late. ...

Mobile Marches Forwards

16th March 2016

Mobile is establishing itself as the primary means of borrower acquisition in P2P lending   Mobile devices are becoming an increasingly important part of the customer acquisition jigsaw for ...

The cyber threat in alternative finance

15th March 2016

Are alternative finance providers prepared for the dangers of cyber crime?   The words “cyber crime” are enough to send a shiver down the spine of anyone involved in running a company ...

The problem with access platforms

14th March 2016

Why is it so difficult to create an aggregated investment product within the marketplace lending space?   There are plenty of barriers to aggregation in marketplace lending. Perhaps the most ...

LendInvest Raises £17m

14th March 2016

LendInvest has closed a £17m Series B equity investment round.   The investment comes courtesy of Atomico, the technology venture capital firm founded by Niklas Zennström – ...

Just Cash Flow PLC Launches Borrower Facing App

11th March 2016

Small business lending platform Just Cash Flow PLC is claiming to have become the first European alternative lender to launch a mobile app that allows customers to manage their money on the move.   The ...

SoFi to Launch Hedge Fund

9th March 2016

The product innovation mill continues to turn at leading student lending platform SoFi.   Less than a week removed from the news that SoFi might be looking to roll out a REIT, we now learn ...

Adviser Demand for IFISA Called Into Question

8th March 2016

Further doubts have been raised over the willingness of financial advisers to engage with the Innovative Finance ISA.   MetLife Europe Limited – a financial services company based in ...

Property Partner Closes £12.9m Series B

7th March 2016

Leading real estate equity crowdfunder Property Partner has closed a £12.9m Series B investment round.   The fundraise was led by Octopus Ventures, with participation also coming from ...

SyndicateRoom Drops Platform Carry

7th March 2016

SyndicateRoom will no longer levy a platform carry fee on investments made through the platform.   The platform carry was a 2.5% fee that was applied to any profits earned by SyndicateRoom ...

P2P Business Lenders Notch Record Quarter as FLS Growth Slows

4th March 2016

The Funding for Lending Scheme (FLS) numbers are in for Q4 2015.   Though net flows to small businesses under the government-backed scheme were positive, lending growth slowed in Q4. £0.6bn ...

“APR4SMEs” Gaining Traction?

3rd March 2016

The back-and-forth over the publishing of representative APRs in the small business lending space continues.   We first caught wind of the “APR4SMEs” campaign in December, when Brian ...

OurCrowd Partners With United Overseas Bank

3rd March 2016

The ever-active OurCrowd is branching out into Asia.   Jerusalem-based equity crowdfunding platform OurCrowd is partnering up with United Overseas Bank (UOB) in order to branch out into Asia. ...

Further Detail on New Zopa Products

2nd March 2016

Leading consumer lender Zopa has issued an update on the mechanics of its soon-to-launch suite of new lending products.   Zopa announced two weeks ago that, from mid-March, retail investors ...

Avant Blasts Past the $3bn Mark

1st March 2016

Consumer lending platform Avant continues to charge ahead, surpassing the $3bn mark in loan originations.   Avant was founded in November 2012 as a balance-sheet based consumer lending platform, ...

LendInvest Continues to Field Applications Ahead of Tax Hike

1st March 2016

LendInvest is keeping its doors open for business ahead of the impending changes to Stamp Duty Land Tax.   In an almost boastful display of nimbleness, LendInvest has announced that it will ...

Lending Club rejigs relationship with issuing bank

29th February 2016

Lending Club has announced structural changes to its relationship with WebBank in direct response to concerns stemming from the Madden versus Midland case.    Marketplace lending platforms ...

Lendio Ploughs Ahead

25th February 2016

Small business lending portal Lendio has unveiled its 2015 results, headlined by over $128m of funding facilitated.   Lendio plugs small businesses in need of funding into the best of the US ...

Borrowell Announces Latest Fundraise

24th February 2016

Leading Canadian marketplace lender Borrowell has closed a $6.4m fundraise.   The investment has been sourced from Equitable Bank, alongside Hedgewood, Power Financial Corporation and a number ...

Frontline Buzz From P2PFA Breakfast – IFISAs, Provision Funds and Lord Turner

23rd February 2016

The past week was rather a seismic one in the peer-to-peer lending space, with shifts in product aplenty. A few weeks ago the industry came under fire from a feisty Lord Turner – who declared that ...

ThinCats – The Next Chapter

11th February 2016

An interview with ESF Capital CEO John Mould   ESF Capital acquired a 73.4% equity stake in secured business lending platform ThinCats in early December last year. Since then, we’ve been ...

Acceleris Capital Merges With InvestingZone

11th February 2016

Is consolidation beginning to take hold in the equity crowdfunding space? Barely a day removed from a merger between the newly launched Growthdeck and Squareknot, Acceleris Capital has announced a merger ...

Merger in the Equity Crowdfunding Space

10th February 2016

Newly launched equity crowdfunding portal Growthdeck has merged with Squareknot.   Growthdeck will in essence be absorbing the 5,000 strong investor base of the Squareknot platform. The vast ...

US Platform Fund to List in the UK?

10th February 2016

Prepare yourself for some speculation. We’re reading in the tea leaves that one of the US’ largest marketplace lending platforms might be gearing up to launch an investment trust on a UK stock ...

RateSetter Posts Details on IFISA Offering

8th February 2016

RateSetter has issued an update on its soon-to-launch Innovative Finance ISA product, claiming to be the first platform to have done so.   The details themselves fall broadly in line with expectation, ...

Dianrong Signs JV With Hanwha Group

5th February 2016

Chinese peer-to-peer lending giant Dianrong has officially joined forces with Hanwha Group, with plans to launch a range of fintech services across South Korea and South East Asia.   The equal ...

Listing to Sweeten Swedish Crowdfunding Campaign?

4th February 2016

More exchange-based activity in the equity crowdfunding space, this time originating in Sweden.   FrontOffice Nordic AB – a Swedish company reconstruction firm – is currently hosting ...

Thoughts on the Ezubao blow up

3rd February 2016

For years we’ve heard whispers about the shadiness of the Chinese peer-to-peer lending space. Fraud, opacity, usury – all manner of accusation has been leveled at the sector. But the detractors ...

GLI and FundingKnight Part Ways

3rd February 2016

GLI Finance will no longer fund loans through the FundingKnight platform.   The split is first major bit of fallout from former GLI CEO Geoff Miller’s departure. Former Sancus boss Andrew ...

Positive Signs for UK SMEs

2nd February 2016

The British Business Bank (BBB) has published its second annual Small Business Finance Markets Report 2015/16, which depicts an improving SME finance environment in the UK.    The headline ...

Assetz Issues Update on Lending Capital

1st February 2016

Assetz Capital has around £440m available to lend to UK SMEs, but how quickly will it be distributed?   The secured SME lending platform made a big splash this weekend in the pages of ...

Highlights from the AltFi Awards Winners Lunch

1st February 2016

The AltFi Awards Winners’ Lunch took place last Wednesday at the Royal Society of Arts. The victors and runners up across a grand total of 20 awards categories descended upon the historic RSA building ...

What to consider when investing in real estate equity

29th January 2016

I recently learnt that a close friend – one who, incidentally, knows next to nothing about alternative finance – was considering putting some money into Property Partner. This particular fellow ...

SoFi Takes Super Bowl Slot

28th January 2016

SoFi is debuting its first major TV advertisement during Super Bowl 50.   The 30 second slot will reportedly set the young professionals platform back by around $5m, approximately 20% of its ...

SyndicateRoom Ties Up With Gust

27th January 2016

UK-based equity crowdfunding platform SyndicateRoom has struck a trans-Atlantic partnership with Gust – the world’s largest community of entrepreneurs and early stage investors.   The ...

Lending survey turns up a few twists

26th January 2016

A recent survey has honed in on what is becoming an increasingly crowded UK lending market, owing largely to the advent of a vast array of financial disruptors.   Target Group’s latest ...

OnDeck Joins Forces With Opus Bank

25th January 2016

Small business lending platform OnDeck has buddied up with Opus Bank.   Barely a month removed from what was widely hailed as a landmark partnership with JPMorgan Chase, OnDeck has now entered ...

Institutional investment colours client money debate

22nd January 2016

The FCA has published a consultation paper on the application of client money rules in peer-to-peer lending.   The cause of the consultation seems to be the increasingly institutional flavour ...

Real Estate Equity Crowdfunding Update

21st January 2016

The real estate equity crowdfunding space – to date one of the quieter sub-sectors of alternative finance – appears to be heating up.    The largest representative of the sector, ...

Prime Meridian Secures $200m

20th January 2016

The money continues to roll in for US-based Prime Meridian Capital Management, which has secured an extra $200m in institutional funding commitments.   Prime Meridian is one of the longest-standing ...

Further Detail on Lufax Fundraise

19th January 2016

It now appears that Chinese peer-to-peer lending giant Lufax has in fact raised around $1.2bn, some $300m more than had been suggested in reports from a fortnight ago.   On 8 January we believed, ...

A death knell for credit bureaus?

18th January 2016

SoFi no longer factors the hallowed institution that is the FICO score into its lending processes. JPMorgan Chase has teamed up with OnDeck in order to leverage the latter’s innovative credit scoring ...

Neyber Goes Live

18th January 2016

Neyber – an online lending solution for employee loans – has officially launched.    Neyber allows employers to offer affordable loans to their employees. The platform's ...

Successful Fundraise for Danish P2P Platform

15th January 2016

A short update on Danish peer-to-peer lending outfit Lendino A/S, which has closed an investment round.   The specifics of the fundraise have frustratingly been held back, but we’re told ...

Capdesk Comes to the UK

14th January 2016

Capdesk – an investor management portal for the equity crowdfunding space – is coming to London.   Capdesk is an online infrastructure platform designed to enhance the post-investment ...

AMP-Fuelled Bank Lending Programme Under Way

13th January 2016

AMP Credit Technologies has launched a groundbreaking pilot lending programme with leading Asian bank DBS.   AMP Credit Technologies launched in the UK in March last year, with a view to reenergising ...

A deep dive into China’s peer-to-peer lending space with Spencer Li

12th January 2016

The growth of peer-to-peer lending in China has astounded and confounded Western observers. In all likelihood, more money has passed through China’s peer-to-peer sector than has passed through the ...

SoFi Cuts Ties With FICO

12th January 2016

SoFi will no longer lean upon FICO as a means of powering its lending decisions.   SoFi – the preeminent student lending platform which recently crossed the $6bn mark in cumulative lending ...

HMRC Brief on Income Tax for P2P Interest

11th January 2016

The thorny issue of deducting income tax at source on interest earned through peer-to-peer investments has been addressed by an HMRC brief.   Existing tax rules dictate that income tax must ...

LendInvest Hits Half Billion Mark

8th January 2016

UK peer-to-peer lending platform LendInvest has crossed the half billion mark in cumulative originations.   The leading real estate platform closed a £5m loan in the first week of the ...

Lufax Closes $900m Round

8th January 2016

Lufax mammoth fundraise is reportedly complete, with the platform raking in a massive $900m at a valuation of $18.5bn.   An investor document (written in Chinese) obtained by Tencent Technology ...

Prosper’s 2015 in numbers

7th January 2016

The numbers are in on Prosper Marketplace’s 2015 performance.   Q4 proved to be a record breaking quarter for Prosper, with $1.15bn in loans originated through the platform. The $1.15bn ...

A “meaningful” platform-bank partnership?

6th January 2016

Could Fundation’s recent tie up with Regions Bank be the most impactful on the block?     We’ve seen a fair degree of platform-bank interaction lately – most of it taking ...

Assessing risk in peer-to-peer lending

6th January 2016

A platform representative approached me recently to talk about the relative risk (or the lack thereof) involved in investing via his peer-to-peer lending operation. To hear this particular entrepreneur ...

CommonBond Secures $275m Warehouse Funding Line

5th January 2016

A short update on the student lending platform CommonBond, which has secured a $275m of debt capital.   The separate warehouse line funding comes courtesy of Barclays, Macquarie Capital and ...

What to watch out for in 2016

4th January 2016

2015 was a “landmark” year for peer-to-peer lending. Then again, in so rapidly expanding an industry, most years are. Come the close of the 2016, the headlines will doubtless be signing off ...

Chinese Regulator Releases Draft Rules for P2P Space

30th December 2015

China’s sprawling peer-to-peer lending sector is set to face tighter regulation.   China’s peer-to-peer lending sector – the world’s largest in terms of cumulative lending ...

Funding Circle Hits £1 Billion

23rd December 2015

Funding Circle has lent its billionth pound.   The pre-eminent marketplace lending platform for small businesses becomes only the second British platform to hit the £1bn mark. Zopa was ...

Camden Town Bought Out by AB InBev

22nd December 2015

Camden Town Brewery has been sold to AB InBev, becoming Crowdcube’s second exit to date.   Camden Town raised roughly £2.75m on Crowdcube in July this year, overshooting its stated ...

Fast Start for German Marketplace Lender

22nd December 2015

A newly launched SME lending platform in Germany has hurtled past the €1m mark less than a month removed from launch.   The new outfit goes by the name of creditshelf. The platform will ...

Geoff Miller Quits GLI Finance

21st December 2015

CEO Geoff Miller has resigned from GLI Finance with immediate effect.   Miller, who has steered the GLI ship for the past several years, will be succeeded by Andrew Whelan. Whelan, who was ...

Dust Settles on Yirendai IPO

21st December 2015

Yirendai completed its IPO on Friday, raising $75m at a valuation of around $575m.   Yirendai is the peer-to-peer lending offspring of wealth management platform CreditEase. News has been swirling ...

Confusion Over IFISA Eligibility

18th December 2015

There appears to be a fair amount of confusion surrounding the Innovative Finance ISA (IFISA).   On 6 April 2016, peer-to-peer lending investments will become eligible for ISA relief. But draft ...

SME Finance Space Short on Transparency

18th December 2015

Is there a scandal bubbling up within the small business lending space?   CEO of recently launched Growth Street James Sherwin-Smith certainly thinks so. And he’s not alone. Brian Moore, ...

Buy-to-Let Under Siege?

17th December 2015

The tea leaves suggest that the UK’s buy-to-let market is due for a crackdown. Are the likes of LendInvest and Landbay concerned?   Bank of England governor Mark Carney has expressed ...

Bizfi Secures $65m in Debt Capital

16th December 2015

Bizfi has secured $65m in debt funding, with plans to ramp up its small business lending activities.   Formerly known as Merchant Cash and Capital, the recently rebranded Bizfi sits in the ...

Equity Crowdfunded Company on Brink of IPO?

16th December 2015

A successfully funded Crowdcube company has closed a significant up-round.   easyProperty – the online estate agency that raised money through Crowdcube in 2014 – has secured a ...

Will P2P lenders with interim permissions be able to accept IFISA money?

14th December 2015

The UK’s peer-to-peer lenders might have to wait a little longer than expected to start accepting ISA investment.   The Innovative Finance ISA is set to go live on April 6th next year, ...

Zopa Set to Raise £70m?

11th December 2015

Zopa looks set to raise around £70m at a valuation of over half a billion pounds.   Rarely is there smoke without fire. Sky News reports that Zopa is in talks with JPMorgan to raise roughly ...

IFAs and AltFi Platforms Worlds Apart

11th December 2015

The key findings from Intelligent Partnership’s survey of the alternative finance space are in.   The report reveals an endemic lack of awareness about the alternative finance space within ...

Yirendai IPO to Target $75m

11th December 2015

The size of the Yirendai IPO appears to be shrinking.   CreditEase's peer-to-peer lending offspring Yirendai announced terms for its NYSE listing yesterday. The Beijing-based lender plans ...

How go the referrals?

10th December 2015

It’s been some time since we’ve heard anything about the much-vaunted SME referral scheme. The last update came in July, when we learnt that the British Business Bank (BBB) had shortlisted ...

BBB to Lend to SMEs Through RateSetter

10th December 2015

The British Business Bank (BBB) is buying into RateSetter’s rapidly scaling SME lending programme.   The BBB first began pumping money through the RateSetter platform in July 2014, with ...

ESF Capital Acquires Controlling Stake in ThinCats

8th December 2015

The M&A “hokey cokey” – as David Stevenson recently termed it – has well and truly begun.   ESF Capital has acquired a 73.4% equity stake in secured business lending ...

Big Society Capital Releases Request for Proposals

8th December 2015

A new social investment vehicle by the name of Crowd Match Fund is seeking partner platforms to aid in the distribution of £5m in funding.    The new fund will match crowdfunded investments, ...

Intricacies of the TrustBuddy Bankruptcy

7th December 2015

The liquidation of failed Swedish lending platform TrustBuddy is proving uniquely complex.   TrustBuddy filed for bankruptcy on October 19th, after having suspended services on October 12th, ...

Worldpay Business Finance Goes Live

4th December 2015

Liberis has tied up with one of the world’s leading payment processors.   Worldpay has joined forces with merchant cash advance provider Liberis to launch a new funding scheme by the ...

FLS Paying Off, P2P Continues Growth

3rd December 2015

The Funding for Lending Scheme (FLS) is churning out consistently positive results.   We’ve been tracking the FLS for some time, with a particular interest in comparing the impact of ...

JPMorgan to Enter Online Lending Space

2nd December 2015

JPMorgan Chase has entered into the world of online lending, inking a deal with OnDeck Capital.   JPMorgan CEO Jamie Dimon confirmed the bank’s intentions at an event in Washington on ...

The missing ingredient in equity crowdfunding

2nd December 2015

We now have some insight into the state of companies that have to date raised money in the UK through the medium of equity crowdfunding. If you're an equity crowdfunding investor in the UK, you ...

Big Brother is Watching You

2nd December 2015

Big Brother is watching you. That’s the reality for an increasing number of online loan recipients, thanks to the advent of what I call “network lending”. What does this mean? In short: ...

Zopa and Equifax Forge New Partnership

1st December 2015

Equifax is set to provide peer-to-peer lender Zopa with “deeper insights” into customer behaviour.   Forget about “big/smart data” for a moment. It’s Credit Reference ...

LendInvest Close to Doubling 2014 Output

30th November 2015

LendInvest has provided finance for approximately 1% of all privately developed homes in the UK this year.   The UK-based buy-to-let mortgage and property development lender has financed 1,222 ...

Bonds In, Equity Out – Autumn Statement Wrap-Up

26th November 2015

The dust has now settled on George Osborne’s Autumn Statement, and the alternative finance space exhales. The Chancellor had a few surprises in store, both in terms of what was mentioned, and what ...

Detail on Lufax IPO

26th November 2015

Lufax will look to raise around $5bn through a late 2016 IPO.   Early in the week we covered what may fairly be referred to as an fundraising “spree” within China’s sprawling ...

Ranger Cancels C Share Issue

26th November 2015

Ranger Direct Lending Fund will not be progressing with its planned C Share issue.   When the Funding Circle SME Income Fund successfully closed a £150m IPO yesterday, we wondered aloud ...

Funding Circle SME Income Fund Raises £150m

25th November 2015

The Funding Circle SME Income Fund has hit its fundraising target, successfully pulling in £150m.   The SME Income Fund – the first fund structure to have been launched by a marketplace ...

Bad Debt Relief to Broaden Lending Options?

24th November 2015

The UK’s original peer-to-peer lending platform Zopa expects to reopen non-safeguard lending options.   When Chancellor George Osborne delivers the Autumn Statement tomorrow, he is expected ...

Growth Street Adds £5m in Firepower

24th November 2015

Growth Street officially went live roughly a fortnight ago, applying the marketplace lending model to a small business overdraft offering.   Growth Street provides access to flexible overdrafts ...

Landbay Strikes “Proptech” Partnership

23rd November 2015

Nascent peer-to-peer lending platform Landbay has partnered up with My Home Move.   My Home Move is a leading provider of mover conveyancing services. The company’s mission is to use ...

Fundraising Spree in China's P2P Space

23rd November 2015

China’s sprawling peer-to-peer lending market is set to benefit from a substantial influx of equity capital.   Dianrong.com is reportedly looking to raise as much as $500m in a round ...

Business Loans Make Up 40% of RateSetter Loan Book

20th November 2015

The RateSetter platform continues to gain “breadth and depth”.   In what platform representatives believe to be a market first, RateSetter has revealed exactly where its lending ...

The Real Data on Equity Crowdfunding Performance

19th November 2015

We now have some insight into the state of companies that have to date raised money in the UK through the medium of equity crowdfunding.   The alternative finance industry is famed for its ...

LendingRobot Ties Up With Funding Circle US

19th November 2015

The LendingRobot tool may now be applied to Funding Circle US.   LendingRobot is a playing field leveler; offering accredited individual investors a fully automated, one-click method of ...

Ebury Secures £54m Equity Investment

18th November 2015

The UK based business lending platform Ebury has raised £54m in equity capital.   The round has been led by Vitruvian Partners, with participation also coming from previous investor 83North. ...

Just Cash Flow Rolls Out Card Solution

18th November 2015

Somewhat inevitably, card products have arrived in the UK’s online lending space.   Just Cash Flow PLC, an alternative lender that provides credit facilities to small businesses, becomes ...

Midland Appeals to US Supreme Court

17th November 2015

The next chapter in the Madden vs. Midland drama unfolds, and it may well involve the US Supreme Court.     In August, The Second Circuit Court of Appeal rejected the appeal of Midland ...

Are we moving from “Big Data” to “Smart Data”?

17th November 2015

Those within the industry will be all-too-familiar (weary, even) with the term “big data”. Taken simply, the phrase is used to refer to a vast collection of data – which delves far deeper ...

Update on Yirendai IPO

17th November 2015

Further details have surfaced on Chinese peer-to-peer lender Yirendai’s impending IPO.   Yirendai is a peer-to-peer lending platform that was spun out of CreditEase in 2012. The lender ...

FCA Revisits IFISAs

13th November 2015

The Financial Conduct Authority (FCA) is reaching out for feedback on the formation of new Innovative Finance ISA (IFISA) rules.   As most readers will know, peer-to-peer investments will be ...

iAngels Lands Second Exit

13th November 2015

Israeli equity crowdfunding platform iAngels has logged a second exit.   The Tel Aviv based, co-investment equity crowdfunding platform iAngels has seen another of its portfolio companies complete ...

Trustbuddy Saga Rolls On

12th November 2015

Complications are cropping up in the Trustbuddy bankruptcy process.    The Swedish peer-to-peer lender Trustbuddy suspended services in early October, when the platform’s newly installed ...

Growth Street Goes Live

12th November 2015

Growth Street has officially launched its small business overdraft offering.   For the avoidance of confusion, Growth Street has been operating in a “proof of concept phase” for ...

The Redcoats are coming!

11th November 2015

Finance’s giants are poised to move into online lending. Can the disruptors keep up?   During the latter half of the 18th century, the Thirteen Colonies won a hard-fought independence ...

Shadow Foundr to Enter UK Equity Crowdfunding Space

11th November 2015

A new face is about to appear on the UK’s equity crowdfunding scene.   The Ideas Factory is transitioning into a fully fledged equity crowdfunding platform by the name of Shadow Foundr. ...

Basware Advance Arrives

10th November 2015

Basware’s foray into the alternative finance space has begun.   The news that e-invoicing network Basware would be rolling out a factoring product first broke in September 2014, when ...

Ranger to Raise up to £135m via C Share Issue

10th November 2015

Ranger Direct Lending Fund is set to raise more money in a C Share issue.   The fund is planning to raise up to £135m by way of a placing and intermediaries offer. Ranger raised £135m ...

SyndicateRoom Opts for Nominee Structure

9th November 2015

SyndicateRoom is a platform in transition.   The “Angel-led” equity crowdfunder is abandoning the direct shareholding model, in favour of a nominee structure. This means that SyndicateRoom ...

ArchOver Strikes £100m Insurance Deal

6th November 2015

ArchOver ensures the longevity of its “secured and insured” peer-to-peer lending model.   SME lending platform ArchOver has announced a partnership with Coface – one of the ...

investUP Authorised as “Crowdfunding Brokerage”

6th November 2015

investUP has secured a thumbs up from the regulator.   investUP – formerly described as the crowdfunding “supermarket” – is now fully authorised by the FCA. In conjunction ...

Deadline Day

30th October 2015

Today marks the closing of the application window for peer-to-peer lenders wishing to be fully authorised by the FCA.   The authorisation process has already drawn a fair amount of attention ...

Peer-to-Peer Lender Winds Down Retail Offering

29th October 2015

One of the UK’s more nascent peer-to-peer outfits is closing its doors to retail money.   Peer-to-peer mortgage platform Fruitful appears to be going through a major pivot. A quick visit ...

SoFi Raises Yet More Money

28th October 2015

The equity money continues to pour in for US marketplace lender SoFi.   Renren Inc. – a leading social networking platform in China – has acquired an additional $150m of preferred ...

Share Selling Spree Preceded Trustbuddy Demise

27th October 2015

An update in the Swedish press suggests that former members of the Trustbuddy management team cashed in prior to company’s decline.   The report – which surfaced last week in the ...

Mill Residential REIT to Enter Into Liquidation?

27th October 2015

Mill Residential REIT – which raised around £1.5m through Syndicate Room in late 2014 – may soon cease trading on the AIM.   Mill Residential grabbed its fair share of headlines ...

On the Ground at LendIt Europe

26th October 2015

Last week saw London’s Hilton Metropole come alive with the latest iteration of the globetrotting online lending show that is LendIt. The event was bigger than ever before, swelling to close to 1,000 ...

Is Peer-to-Peer Lending Set to be the Next Big “Financial Services Scandal”?

23rd October 2015

Is the regulatory boa poised to tighten its hold upon the peer-to-peer lending sector?   The FCA was yesterday subjected to the scrutiny of members of the Treasury Select Committee at Portcullis ...

Avant Crosses the £100m Mark in UK Loans

23rd October 2015

A short update on AvantCredit UK, which has now lent a grand total of £100 million to UK consumers to date.   Following the closure of a $325 million Series E round last September, the ...

Zopa Appoints Nigel Morris to Board

22nd October 2015

Nigel Morris of QED Investors is joining Zopa as a Non-Executive Director.   The appointment is part of an equity investment by QED Investors, where Morris serves as Managing Partner. The amount ...

Trade Body Moves to Drive Greater Transparency in Peer-to-Peer Lending

21st October 2015

A short update on the P2PFA, which is updating and upgrading its Operating Principles.   The industry trade body, which claims that its membership covers 90% of the UK peer-to-peer space, is ...

Funding Circle Acquires Zencap, Breaks Into Europe

20th October 2015

Funding Circle is moving into Europe.   The world’s leading marketplace lending platform for SMEs has acquired the Rocket Internet-backed operator Zencap. Zencap's website has been ...

Peer-to-Peer Platform Funds, Full Authorisation and Scale

20th October 2015

LendInvest boss Christian Faes shares his views on the state of the peer-to-peer lending space.   LendInvest has landed its fair share of headlines in recent months. In June, the platform secured ...

Abundance Rolls Out First Dedicated Peer-to-Peer Pension

19th October 2015

Abundance is attempting to revolutionise the peer-to-peer pension.   The peer-to-peer lender for renewable energy projects on Saturday announced the launch of the newly minted “Abundance ...

What does a crowd know?

16th October 2015

The CrowdView column has felt a little bit like the SyndicateRoom show lately, primarily because the platform is ahead of the game in terms of disclosure standards. It’s tough to produce a measured ...

Seedrs Partners With Major European Bank

15th October 2015

Seedrs has partnered up with ING in order to roll out its equity crowdfunding services in Belgium and Luxembourg.   The purpose of the partnership is, primarily, to provide a “fast-track ...

Tales of platform failure and the concerning case of Jennifer Lodge

14th October 2015

Much has been made of what impact a major “blow up” would have on the UK’s flourishing alternative finance industry. Trustbuddy appears poised to supply us with an idea of how such an ...

LendInvest to Launch Listed Fund

14th October 2015

LendInvest will soon allow investors to gain access to its peer-to-peer property offering via a listed fund.   LendInvest is the second major peer-to-peer platform in the UK to move into the ...

Authorisation Process Proves Too Much for Some Platforms

13th October 2015

With the deadline for full authorisation looming, over a quarter of peer-to-peer lending applications have been withdrawn.   Specialist consultancy firm Bovill reports that 26% of P2P firms ...

GLI Invests in Verus360

13th October 2015

The GLI web continues its spread.   GLI Finance has now partnered with the UK-based small business lending platform Verus360 – which is a Bibby Line Group company. GLI will be providing ...

TrustBuddy Suspends Services

12th October 2015

The new management team at TrustBuddy – led by CEO Philip Mikal – has uncovered evidence of “serious misconduct” by the Swedish P2P platform.   Philip Mikal arrived ...

Landbay Joins Council of Mortgage Lenders

9th October 2015

Landbay continues to take steps to make its peer-to-peer buy-to-let mortgage as airtight as possible.   The nascent but high growth Landbay has become the first peer-to-peer lender to become ...

Funding Circle Crosses £100m in Property Loans

9th October 2015

Funding Circle’s property loans offering has crossed the £100 million mark after just 18 months.   Funding Circle branched out into the property space in April 2014, initially launching ...

GapCap Closes £1m Equity Fundraise

8th October 2015

One of the invoice finance sector’s more nascent players is gearing up for growth.   GapCap has been steadily building up a unique working capital solution for small businesses in the ...

CreditEase Launches Venture Fund

8th October 2015

China’s largest P2P marketplace continues to branch out into unexplored territories.   CreditEase refers to itself as a leader in wealth management, credit management, microfinance investment ...

Spotcap Hits First Birthday

7th October 2015

Spotcap has just hit its first anniversary, having launched back in September 2014.   Another member of the Rocket Internet family, Spotcap is the German company-maker's latest answer ...

TWINO Appoints New CEO

7th October 2015

Jevgenijs Kazanins has become CEO of the Latvian peer-to-peer lending platform TWINO.   TWINO officially launched in the Baltics in July, but has been operating behind closed doors since 26th May ...

RateSetter Turns Five, Tops £800m Mark

6th October 2015

Major peer-to-peer lender RateSetter is now five years removed from launch.   Launched in October 2010, RateSetter quickly became a force to be reckoned with within the UK peer-to-peer lending ...

RateSetter Australia Publishes Loan Book

5th October 2015

RateSetter Australia has followed in the footsteps of its UK-based progenitor by publishing its complete loan book online.   RateSetter first published its full loan book in the UK in February ...

Funding for Lending Update

2nd October 2015

The Bank of England released Funding for Lending Scheme numbers for Q2 2015 in early September. Those numbers portrayed a somewhat mixed, but overridingly positive message for the nation’s SMEs. ...

Cloud Lending Closes $8m Series A

1st October 2015

Cloud Lending Solutions (CLS) has closed an $8m Series A round.   Cloud Lending provides a range of SaaS (Software as a Service) products to both traditional lenders and fintech lenders alike, ...

VPC Raises £183m in C Share Issue

30th September 2015

VPC Specialty Lending Investments has closed its C Share offering, raising £183m in fresh lending capital.   The C Share issue was launched on Tuesday 8th of September, marking the beginning ...

Reputation, Regulation and Retail – An Interview With Renaud Laplanche

30th September 2015

Lending Club boss talks Madden vs. Midland, the Treasury’s RFI, transparency and retail money   Marketplace lending, peer-to-peer lending and the like have been the darlings of the mainstream ...

Credible Closes $10m Series A

29th September 2015

The student loan comparison site Credible has closed a $10m Series A fundraise.   Credible is a multi-lender student loan marketplace, one which allows students to field competitive loans offers ...

BFS Capital to IPO

28th September 2015

BFS Capital is on the brink of an IPO.   Fresh off a rebrand from Business Financial Services to BFS Capital, the small business lender has now submitted a draft registration statement on Form ...

Index Results Shed Light on UK Rental Space

28th September 2015

The first results from Landbay’s recently launched UK rental index are in.   The Landbay UK Rental Index launched in mid September, with a view to allowing the platform’s investors ...

Prosper Acquires Personal Finance Analytics Firm

25th September 2015

Prosper has acquired a technology based financial empowerment company.   The US’ second largest marketplace lender has signed “a definitive agreement” to acquire BillGuard, ...

Harmoney Secures $200m Commitment From P2PGI

25th September 2015

Harmoney has announced yet another round of fundraising.   Australasia’s foremost marketplace lender has now secured a $200m lending commitment from P2PGI – the prolific investment ...

Funding Circle Sheds Light on Fund

24th September 2015

Funding Circle has broken its silence over the much-anticipated launch of its SME Income Fund.   Rumours first surfaced in June that Funding Circle was planning to launch a listed vehicle in ...

iAngels Portfolio Company Secures Exit

23rd September 2015

The global equity crowdfunding sector has registered another successful exit.   Tel Aviv based equity crowdfunder iAngels has announced the exit of one of its portfolio companies. The social ...

Saving Stream Shifts to True Peer-to-Peer

22nd September 2015

Saving Stream is transitioning into a true peer-to-peer model.   Saving Stream is a secured lending platform that has to date lent just over £60m to UK SMEs. The platform used to secure ...

GLI Fund Launches

22nd September 2015

The long-awaited GLI Alternative Finance fund has launched, with a market cap of £52.66m.   The majority of that total is comprised of a £40.27m portfolio of GLI loans that have ...

China Rapid Finance Partners With Major Bank

21st September 2015

Shanghai-based P2P lender China Rapid Finance (CRF) has partnered up with China Construction Bank (CCB) in an effort to safeguard investor funds.   CCB is the second largest bank in China in ...

RateSetter Shifts Emphasis to Scale

21st September 2015

Consumer lending company RateSetter has shed some light on recent profitability levels, and on where the company's focus will lie for the next couple of years.   The P2P platform posted ...

P2PGI Enters FTSE 250

21st September 2015

A short update on P2PGI, which has now entered into the FTSE 250.   The world’s oldest and largest marketplace lending focused fund enters the Index alongside fellow newcomers Sophos – ...

Merchant Cash and Capital Rebrands

18th September 2015

Merchant Cash and Capital – a leading provider of short term SME credit in the States – has changed tack, placing a firmer emphasis on technology.   The company has now rebranded ...

New Cross Border P2P Lending Platform Launches

18th September 2015

A new cross-border P2P lending solution has arrived on the continent.   CrossLend was founded in 2014 by Oliver Schimek, Marie Louise Seelig and Daniel Schlotter. CrossLend is an unsecured ...

Landbay Sails Through Stress Test

17th September 2015

Landbay has subjected itself to another round of severe stress testing.   The P2P buy-to-let mortgage lender Landbay has today published the results of a series of stress tests that have been ...

P2P Mortgage Lender Plans Launch

17th September 2015

A real estate focused peer-to-peer lending platform will soon spring up in Spain.   The Viventor platform has been announced as under construction. The new site is being launched by a company ...

RateSetter Reopens to Institutional Money

17th September 2015

Institutional money is making a comeback in the RateSetter marketplace.   RateSetter’s full loan book went live on AltFi Data towards the beginning of the 2015, as part of the platform’s ...

SyndicateRoom Introduces “Lift Round”

15th September 2015

SyndicateRoom has introduced a new term into the crowdfunding lexicon.   The platform has just closed a “Lift Round” – which essentially means a fundraising campaign that ...

Landbay Launches Rental Index

15th September 2015

High growth P2P platform Landbay is launching a rental index in order to spur on investment in the UK buy-to-let space.   The Landbay Rental Index, powered by MIAC, will go live later this ...

An Interview With New Trustbuddy CEO Philip Mikal

14th September 2015

We learnt last week that newly installed CEO Philip Mikal had brought a raft of former colleagues over to the Trustbuddy platform from payment services provider Klarna. Kevin Albrecht became CTO, Chad ...

Partnerships, IPOs and Overseas Expansion – An Interview With Zopa’s New CEO

11th September 2015

Jaidev Janardana has taken over as CEO of the world’s oldest peer-to-peer lending platform. News broke towards the end of August that Jaidev would assume the position from long-time CEO Giles Andrews, ...

Orchard Raises $30m in Series B

11th September 2015

Orchard Platform has taken on $30m in Series B funding.   The technology driven, institutional investor-facing Orchard Platform has now raised a grand total of $44.7m to date. The company last ...

SoFi Tops $4bn Mark

11th September 2015

SoFi continues to grow at breathtaking pace.   We learned yesterday that marketplace platform SoFi had smashed through the $4bn milestone in terms of cumulative lending to date. The platform’s ...

Harmoney Hits $100m Mark

11th September 2015

Harmoney – by far the largest Australasian marketplace lending platform – has crossed the $100m mark just 12 months after having launched.   Haromoney has had a busy first year ...

VPC Launches C Share Issue

9th September 2015

VPC Specialty Lending Investments’ next share issuance programme is under way.   We first learned in July that VPC was planning to proceed with a C Share issue in September. That issue ...

Zoning in on Fraud Prevention

8th September 2015

The threat of cyber-crime is becoming increasingly pertinent for the many rapidly scaling segments of the alternative finance space. The detection and prevention of cyber-crime is garnering a fair degree ...

EU Commissioner Opines on Crowdfunding

8th September 2015

A short update on regulatory rumblings from the continent.   The European Union’s financial services commissioner Jonathan Hill has identified venture capital and “crowdfunding” ...

More Management Changes at Trustbuddy

8th September 2015

The long period of transition at Trustbuddy continues, with sweeping changes to the Swedish company’s management team.    Trustbuddy boss Philip Mikal, whose tenure as CEO began on ...

Brewdog back for More

4th September 2015

The latest opportunity to chuck money at Brewdog looks pretty appealing, but for perhaps the wrong set of reasons.   In May 2015, the “Equity for Punks” campaign returned with a ...

GLI Plans Falling Into Place

4th September 2015

Various plans are progressing at the ever-active GLI Finance.   The prominent institutional investor announced in June that it would soon launch a Closed End Fund (CEF) by the name of “GLI ...

Funding Circle Switches to Fixed Interest Model

2nd September 2015

The process of investing in small business loans via the Funding Circle marketplace is about to change.   Co-Founder and CEO Samir Desai has written to the platform’s investors this morning ...

Zopa Appoints New CEO

1st September 2015

Giles Andrews has handed over the reins of the world’s first peer-to-peer lending platform.   Mr. Andrews, Co-Founder of the Zopa platform and long time CEO, is changing roles. He now ...

Zencap Gears Up for Growth

1st September 2015

The German peer-to-peer platform Zencap has just raised a sizeable chunk of lending capital.   The ever-active Victory Park Capital (VPC) has committed to invest up to €230m via the Zencap ...

Wealth Migrate Opens Doors to Chinese Investors

28th August 2015

One of the world’s top real estate crowdfunders is attacking the Chinese market.   Wealth Migrate is a cross border investment platform that operates across 5 continents and which has ...

Acquisition in the US Online Lending Space

27th August 2015

Business Financial Services (BFS) has acquired a high-growth independent sales organisation by the name of Entrust Merchant Solutions.   BFS is a technology driven short term lending platform ...

Moody’s Shines Light on Crowdcube Mini-Bonds

26th August 2015

Crowdcube is bringing the power of Moody’s Analytics to bear upon its mini-bond product.   All companies that attempt to raise funding via the Crowdcube mini-bond structure will henceforth ...

Seedrs Caps Off £10m Fundraise

24th August 2015

Seedrs has finished off its Series A fundraise in style.   Seedrs began its first major fundraise by securing a £7.5m investment from Neil Woodford’s WPCT and Augmentum Capital. ...

Whispers of a Lufax Listing

24th August 2015

Rumours of an IPO in the Chinese P2P market have blown in from the East.   According to the South Morning China Post, Ping An Insurance is mulling the possibility of floating its internet finance ...

SoFi Valuation Soars to $4bn

21st August 2015

SoFi has reportedly raised a staggering $1 billion in equity money.   This latest round of financing sees the platform’s valuation surge to around $4 billion. The titanic fundraise appears ...

Is Retail Money Making a Comeback in the US?

21st August 2015

Lending Club has well and truly turned on the retail money taps.   What may appear to be a fairly insubstantial shift in the mechanics of the way that Lending Club and LendingRobot interact ...

New Platform Targets UK Students

20th August 2015

There’s a new player in the UK’s alternative lending space, and it’s bringing a new form of finance for students to the sector.   The EdAid platform is effectively a splicing ...

$10.2m Investment in Canada's Online Lending Space

19th August 2015

Canada’s leading marketplace lending platform has just closed on a $10.2m funding round.   Grouplend launched into the then-dormant Canadian alternative finance space about 10 months ...

Zopa Becomes First UK Platform to Hit £1bn

18th August 2015

The world’s original peer-to-peer lending platform has crossed its most significant milestone to date.   Zopa passed the £1 billion mark in terms of cumulative lending earlier today, ...

Assetz Unveils “Great British Business Account”

18th August 2015

A quick update on Assetz Capital, which is rolling out a new means of investing in small businesses.   The “Great British Business Account” (GBBA) is designed to allow for passive ...

MarketInvoice Raises £6m

17th August 2015

The world’s largest invoice finance marketplace has raised £6m to fuel the next phase in its expansion.   The intention of this latest fundraise is to continue the platform’s ...

Real Estate Platform Switches Codes

17th August 2015

One of the oldest equity crowdfunders in the real estate space has turned peer-to-peer lender.   Crowdahouse launched in the UK in 2012 as an equity crowdfunding platform for real estate transactions, ...

Cloud Lending Tackles Origination Challenge

14th August 2015

Cloud Lending Solutions is attempting to own a slice of the origination game.   Cloud Lending Solutions is a cloud-based infrastructure which offers a range of SaaS (Software as a Service) ...

Lending Club Shifting Focus Back to Retail?

13th August 2015

The world’s foremost marketplace lending platform appears to be actively chasing retail money.   Lending Club has launched a new tool: Lending Club Open Integration (LCOI). LCOI allows ...

C2FO Closes $40m Funding Round

13th August 2015

The online invoice finance marketplace C2FO has raised $40m in equity money.   The investment was led by Singapore sovereign wealth fund Temasek holdings, which holds a massive $194 billion ...

Prodigy Raises £100m

12th August 2015

Prodigy Finance has raised a total of £100m in a debt and equity funding round.   The specialist MBA student funding platform has taken on £87.5m in loan capital from Credit Suisse, ...

Symbid Italia Ready For Lift Off

12th August 2015

The Symbid platform is about to be switched on in Italy.   Symbid Italia has secured the approval of the Italian regulator (CONSOB) to operate an equity crowdfunding platform. The platform ...

New NZ Platform Poised for Launch

11th August 2015

There’s a new player in New Zealand’s nascent P2P lending market.   Squirrel Mortgages is poised to launch a peer-to-peer consumer lending offering, having become the third platform ...

Increased Invoice Finance Liberties for UK SMEs

11th August 2015

Another government-led step forward for the nation's small businesses and alternative finance players.   Small Business Minister Anna Soubry has put an end to contracts that prevent SME ...

Ablrate Enters SME Lending Space

11th August 2015

Ablrate is changing up its secured lending proposition.   The Ablrate platform will now offer investors access to commercial property backed deals, thanks to a partnership with The Just Loan ...

Authorisation Applicants Abound

10th August 2015

Full authorisation in the P2P space is just around the corner.   114 companies have sought full authorisation since the advent of the FCA’s interim regime in April 2014. 178 companies ...

Survey Indicates Increased Institutional Action

10th August 2015

The latest alternative finance focused survey suggests that institutional activity will continue to rise over the next few years.   Amicus Finance – an offline, short-term, property backed ...

When and why is reintermediation useful?

7th August 2015

Peer-to-peer/marketplace lending is a disintermediating force, one that allows customers to cut out the banks – which have stood for centuries as the lending and saving institutions of choice. P2P ...

iwoca to Raise Money Through UKBN

6th August 2015

A brief update on a rare piece of inter-platform activity, as iwoca turns to one of the UK’s more unique P2P players in an effort to raise money.   The credit facilities specialist iwoca ...

Facebook to Help Lenders Determine Credit Risk?

6th August 2015

Is Facebook set to become a major part of the alternative finance ecosystem?   The pre-eminent social network has just acquired a patent that could one day allow lenders to assess the state ...

Italian Invoice Finance Platform Partners With SACE

5th August 2015

The online invoice finance sector is heating up in Italy.   SACE – an established provider of a broad range of financial and insurance products – has entered into a partnership ...

MarketInvoice Partners With KPMG

4th August 2015

MarketInvoice is driving its roots deeper into the accountancy sector.   Market-leading online invoice finance platform MarketInvoice has partnered up with KPMG. The tie-up will provide KPMG’s ...

Jefferies to Plough Up to $500m Into the OnDeck Marketplace

4th August 2015

OnDeck has agreed to a lucrative forward purchase agreement with an affiliate of the ever active investment bank Jefferies Group.   The leading US small business lender has signed a deal giving ...

A Clinical Look at Info-CTRL

4th August 2015

Many of the equity crowdfunding platforms chirp to the same tune: understand the risks, invest only what you can afford to lose, check that the valuation is fair, ensure that you are investing on reasonable ...

Indiegogo to Break Into Equity Space?

31st July 2015

One of the world’s largest rewards-based crowdfunders is sizing up a move into the equity crowdfunding space.   In a recent interview with The Huffington Post, Indiegogo CEO Slava Rubin ...

Funding Circle to Float Fund

30th July 2015

Funding Circle is poised to make a play into the fund space.   The UK’s largest marketplace for lending to SMEs is planning to raise £150m by floating a fund later this year, according ...

Seedrs to Raise £10m in Series A

30th July 2015

UK-based equity crowdfunding platform Seedrs has raised £7.5m in a Series A round, and will soon launch a £2.5m crowdfunding campaign to cap the fundraise off.   The landmark Seedrs ...

Crowdcube Targets IPO Space, Raises £6m

30th July 2015

The UK’s original equity crowdfunding platform is attempting to open the IPO market to individual investors.   Crowdcube has raised a fresh £6m in a round led by Numis – a ...

$20m Raise for SME Lender Iwoca

30th July 2015

On a day that has seen the equity sector of the alternative finance attract £16m, the debt side wasn’t to be outdone.   Credit facilities specialist Iwoca has raised $20m in a Series ...

Next Step in Referrals Process

29th July 2015

The mandatory bank referral process is inching towards its conclusion.   Today we learn that a number of prospective referrals platforms have been shortlisted for consideration. These companies ...

OnDeck Launches Mobile App

29th July 2015

The OnDeck platform is now accessible via mobile app.   The US’ leading online small business lender is launching an app, allowing time-strapped SME owners the chance to access their ...

Chinese P2P Not Slowing Down

28th July 2015

CreditEase breaks new ground in the fund space, whilst China Rapid Finance is valued at over $1bn.   After much in the way of speculation and anticipation, the People’s Bank of China ...

The Next Great British Export?

27th July 2015

The Prime Minister has cast off on a trade mission to South East Asia, accompanied by a strong showing of companies from the UK fintech scene.   Mr. Cameron and 31 British business owners have ...

Innovation in the Prosper Marketplace

24th July 2015

The Prosper marketplace is changing shape, aptly reflecting the increasingly institutional flavour of the US online lending space. On the one hand, we have another strongly rated securitization. On the ...

RateSetter Strikes Deal With eMoov

24th July 2015

RateSetter is ramping up its point-of-purchase activities.   The consumer lending platform has announced a partnership with eMoov – one of the UK’s top online estate agents. eMoov ...

The Age of the Closed End Fund

23rd July 2015

Closed End Fund (CEF) activity is reaching fever pitch within the marketplace lending sector.    A new player emerged on Tuesday in the form of Van Eck Overland Online Finance Trust, which ...

LiftForward Secures $250m in Credit Facilities

22nd July 2015

The small business lending specialist LiftForward now boasts considerable firepower.   LiftForward has secured up to $250m in credit facilities, courtesy of GLI Finance and Varadero Capital ...

SME Lenders Make Senior Risk Hires

22nd July 2015

The UK’s largest P2P small business lenders are gearing up to protect themselves against the challenges of rapid growth.   Both Funding Circle and ThinCats have today announced senior ...

Prosper Unveils Q2 Results

21st July 2015

A brief update on US consumer lender Prosper’s Q2 performance.   A strong 3 month stretch saw the platform originate just shy of a billion dollars worth of loans ($912.4m, to be exact). Prosper ...

Lendico Resumes Overseas Expansion

21st July 2015

The Lendico marketplace is now live in Brazil.   The platform is breaking into South America via a partnership with Banco BMG. Lendico raised €20m in May for the purpose of (amongst other ...

How Will a Rate Rise Impact the P2P Lending Space?

20th July 2015

Britain has been warned: the first rate rise since the financial crisis is coming.   Governor of the Bank of England Mark Carney confirmed last week that the long window of 0.5% borrowing costs ...

The Route to Prosperity?

17th July 2015

“The Route – Finance” is making a conscious effort to thrust itself into the limelight.   How do you define an alternative finance platform/provider? A number of criteria ...

ArchOver Ties Record P2P Loan

17th July 2015

A brief update on ArchOver, which has closed a £1m working capital loan.   The £1m deal has been dubbed by the platform as “record breaking” – the largest non-property ...

New Baltic Platform Offers “Buyout Guarantee”

17th July 2015

Ready yourself for the latest spin on the peer-to-peer lending process.   Consumer lender TWINO has just gone live in the Baltics, instantly opening up the marketplace to international investors ...

Yorkshire Building Society vs. P2P Lending, Round 2

16th July 2015

Ding ding ding. Yorkshire Building Society has redoubled its efforts to raise doubts about the UK P2P space.   A few weeks ago, Yorkshire Building Society published research which mooted the ...

Marketplace Sales Uptick for OnDeck

16th July 2015

Institutional sales on the OnDeck marketplace platform are spiraling upwards.   OnDeck rolled out a whole loan marketplace as a compliment to its balance sheet capacity in late 2013. The move ...

Chinese Regulator Hones in on Lending Against Shares

15th July 2015

Has the crackdown in China’s volcanic P2P lending market begun?   A little known pocket of the vast peer-to-peer lending space in China is feeling the squeeze. The Wall Street Journal ...

An Update on the DirectMoney Float

15th July 2015

DirectMoney raised $11.2m via an IPO on the ASX last week – the fifth listing of an alternative finance platform globally.   A brief lesson in history. We first profiled DirectMoney in ...

"Zopa-duper!" Zopa Joins in on Mass Marketing Efforts

14th July 2015

Zopa is taking on TV advertising, becoming the latest in a string of UK alternative finance platforms to launch a mainstream marketing campaign.   “Now, listen here. If you are dipped ...

Ablrate Launches Secondary Market

14th July 2015

Ablrate is the latest up and coming UK P2P platform to unfurl an online secondary market.   Ablrate emerged in the peer-to-peer space in August 2014, offering asset-backed leasing deals to ...

FAQ Corner: What do the platforms mean by “diversification”?

13th July 2015

The alternative finance space can loom as rather daunting to first-time investors. But in truth the concepts are reasonably simple, if only one can sift their way through the jargon.   “Diversification” ...

MarketInvoice to Launch Retail Product

13th July 2015

CEO Anil Stocker has dropped a number of hints about opening up the MarketInvoice platform to retail investment.   Mr. Stocker joined alternative finance watchdog Mike Baliman on Episode 30 ...

The UK’s First Equity Crowdfunding Exit

10th July 2015

The moment that Crowdcube, its investors, and indeed the UK equity crowdfunding market has been waiting for has arrived.   E-Car Club raised £100,000 in 2013 from 63 investors via the ...

Student Lenders Unite

10th July 2015

Two of the world’s largest student lending platforms are joining forces.   US based, student focused marketplace lender CommonBond is teaming up with Prodigy Finance in order to ramp ...

Online Lending Between Family and Friends

9th July 2015

A new face in the alternative finance sector is offering a different take on the typical “peer-to-peer” model.   Marketplace lending is the term used to describe the evolved, institutionally ...

The “Innovative Finance ISA” Arrives

8th July 2015

The moment the alternative finance space has been waiting for has arrived.   As of 6th April 2016, peer-to-peer loans will be eligible for investment via the newly formed “Innovative ...

Sage Makes its Move – Partners With Two UK Platforms

8th July 2015

Accountancy software giant Sage’s expansion into the world of alternative finance continues, as the company forges ties with two of the UK’s leading platforms.   Sage has partnered ...

Platform Sells Majority Stake to Traditional Lender

8th July 2015

The first takeover of an alternative finance platform by a traditional financial services company is complete.   Peer-to-business lender Funding Empire has sold a majority stake to Paratus ...

Cracking the Non-Prime Nut – A Closer Look at PAIF

7th July 2015

The US investment vehicle Princeton Alternative Funding (PAF) has adopted a unique approach to navigating the non-prime consumer lending space.   Princeton’s “Alternative Income ...

UKBN Raises More Money

7th July 2015

UK Bond Network (UKBN) has raised an extra £500k, taking its valuation to £15m.   UKBN last raised equity money in October of 2014; a £1m investment from GLI Finance in exchange ...

What does the FSCS Decline Mean for P2P?

6th July 2015

The Prudential Regulatory Authority (PRA) has announced a rebalancing of the coverage offered by the Financial Services Compensation Scheme (FSCS).   The FSCS exists to cover savers in the ...

End of ISA Saga in Sight?

3rd July 2015

Chancellor George Osborne’s impending budget could prove critical for the UK peer-to-peer lending sector.   We’re barely four months removed from Mr. Osborne’s last budget, ...

Key Talking Points from P2P CEO Breakfast

26th June 2015

AltFi had the pleasure of a ringside seat at a conclave of P2P platform Founders on Wednesday morning. The bosses from Zopa, Funding Circle, Landbay, LendInvest, MarketInvoice and (before you mistake this ...

P2P Platforms Top Traditional Providers in Customer Satisfaction Survey

26th June 2015

RateSetter has blown away the competition in a Which? customer satisfaction survey.   The UK’s second largest P2P consumer lender has outperformed top-rated savings account providers ...

Invesdor Plays Host to IPO Segment

25th June 2015

The Nordic equity crowdfunding platform Invesdor is hosting part of an IPO offering.   The latest projects to arrive on the Nordic platform are Ahola Transport and Mooviecloud. The former of ...

Credit Rating Agency Rates UK P2P Platform

24th June 2015

For first time in the UK P2P space, a regulated credit rating agency has conferred a rating upon a platform.   ARC Ratings has awarded the alternative mortgage lender LendInvest a rating of ...

Spanish P2P Lender Strikes Deal with Confederation of SMEs

24th June 2015

The Spanish SME lending platform MytripleA has struck a partnership with the Spanish Confederation of Small and Medium Enterprises (CEPYME).   MytripleA is the only Spanish peer-to-peer ...

Calling for a Pan-European Alternative Finance Market

23rd June 2015

The Capital Markets Union is being called upon to throw its considerable weight behind the alternative finance movement.   The purpose of the CMU is to enable businesses from all over the EU ...

Are Concerns Over Increased P2P Investment Volumes Justified?

23rd June 2015

Perhaps unsurprisingly, a traditional lender has cast aspersions on the peer-to-peer lending space.   Yorkshire Building Society has unveiled research which suggests that the risks associated ...

RetailCapital Rebrands – Credibly is Born

22nd June 2015

Things are changing at RetailCapital, including the brand name.   The SME lending platform will henceforth be known as Credibly. The newly branded company has also secured an impactful credit ...

Bond Street Raises $110m

19th June 2015

The nascent US small business lender Bond Street has just closed on a sizeable round of financing.   The young marketplace lender has raised $110m of debt and equity funding. The round was ...

GLIF Confirms the Launch of Alternative Lending Fund

19th June 2015

GLI Finance has confirmed the launch of an investment trust, and the timing couldn’t be better.   We first heard that GLIF was mulling the launch of a Closed End Fund (CEF) in the run ...

SoFi Set for Securitization Spike

19th June 2015

The prolific student lending force that is SoFi is eyeing up over $1bn of securitizations in Q3 2015.   SoFi hit the headlines last week after successfully completing a $412m securitization ...

P2PGI to Raise More Money

18th June 2015

After much hint dropping and consideration, P2PGI has confirmed its intention to raise in excess of £250m in a new C Share issue.   The announcement comes following significant investor ...

Driving P2P Forwards in India

18th June 2015

The nascent Indian peer-to-peer lending market has to date been progressed by two main contributors: Faicent and i-lend. The latter, which claims the title of “India’s first P2P lending / social ...

P2P Loans Now Offered on the Funding Network

18th June 2015

A short update on Symbid, which is now offering loan based crowdfunding alongside its core equity product.   Symbid is the Dutch equity crowdfunding platform behind the Funding Network – ...

ISA Eligibility for Listed Investment Trusts Confirmed

17th June 2015

The various listed funds operating in the UK P2P market will soon be eligible for ISA investment.   The HMRC rule change will come into effect on 1st July 2015. Previously, the likes of P2PGI, ...

More Detail on Goldman’s Online Lending Play

17th June 2015

Goldman Sachs will soon enter into the alternative lending market, with plans to lend directly to both consumers and small businesses.   For months now whispers have circulated that the mammoth ...

First US Closed End Fund Nears Launch

17th June 2015

RiverNorth Marketplace Lending Corporation is on the cusp of becoming the first marketplace lending-focused Closed End Fund (CEF) in the US.   AltFi readers will by now be supremely familiar ...

Deepening Liquidity in the LendingClub Secondary Market

16th June 2015

A specialist access platform in the US by the name of LendingRobot has set out to deepen liquidity in the LendingClub secondary market.   LendingRobot is an automated, online investment service ...

LendInvest Secures £22m in Funding from Chinese Investor

16th June 2015

LendInvest’s first round of external equity funding has come from the East.   The listed Chinese technology company Beijing Kunlun has invested £22m in the platform. LendInvest ...

Chinese P2P Platform to Hold Off on IPO

11th June 2015

A rare tale of moderation from the ballooning peer-to-peer lending market in China.   The boss of leading consumer and SME lender Renrendai has indicated that a public listing is not on ...

OurCrowd Launches Early Stage Fund

10th June 2015

The prolific Israeli equity crowdfunder OurCrowd has unveiled a new Pre-Series A venture fund.   The “OurCrowd First” fund has been launched in response to calls from amongst the ...

A Fresh Take on UK Consumer Lending

9th June 2015

The UK’s consumer lending scene is slowly but surely diversifying.   Until fairly recently, variety within the consumer P2P market was rather dwarfed in comparison to the range of different ...

Bigger Ticket P2P Lender Arrives

8th June 2015

A bigger ticket P2P lending solution by the name of Crowdstacker has landed in the UK.   Crowdstacker will attack the “M” of the SME lending market, targeting non-listed, well-established ...

Seedrs Signs Up Andy Murray

8th June 2015

Tennis Ace Andy Murray is teaming up with UK equity crowdfunding platform Seedrs (yes, you read that correctly).   We at AltFi are increasingly inundated with press releases raving about senior ...

Tinder for Equity Crowdfunding

5th June 2015

Tendr – a mobile app aggregator of equity crowdfunding investment opportunities – is coming to a smartphone near you.   Tendr represents the meshing together of two distinct trends ...

A Novice Investor’s Guide to Crowdfunding

5th June 2015

This is a relatively succinct introduction to the UK equity crowdfunding sector for the inexperienced investor.   The concept is simple. A company needs to raise money in order fuel growth. ...

Injecting Life Into the Central African SME Space

4th June 2015

Ovamba is making steady progress in its mission to open up access to credit for Central African SMEs.   A growing number of alternative finance providers are attempting to crack open the emerging ...

Do alternative finance platforms have an incentive problem?

4th June 2015

One of the most frequently tabled criticisms of the alternative finance space is that there is a fundamental misalignment of incentives between the platforms and their investors.   The argument ...

The Funding Network Outsources Credit Assessment

4th June 2015

The Funding Network – Symbid’s multi-faceted funding behemoth – continues to acquire extra layers of sophistication.   The Funding Network arrived on the alternative finance ...

Funding Circle Enters Bridging Space

2nd June 2015

The world’s top online marketplace for small business loans is expanding its activities within the property finance sector.   Funding Circle has launched a short-term bridging product, ...

Shedding Light on Trustbuddy’s Redirection

2nd June 2015

Following on from our several week old coverage of Trustbuddy’s “seismic shift”, we’ve received further clarity around the company’s redirection.   The major shifts ...

Funding for Lending Numbers Rebound

1st June 2015

The latest numbers are in for the Funding for Lending Scheme, and they paint a surprisingly upbeat picture of the SME lending scene.   We’ve been tracking FLS numbers since the start ...

GLIF Increases Stake in Platform Black

1st June 2015

GLI Finance has increased the size of its stake in the online invoice finance provider Platform Black.   Geoff Miller’s GLI Finance has held 20% of the equity in Platform Black since ...

P2PGI Planning Further Equity Issue

29th May 2015

One of the best-known institutional investment vehicles in the P2P space is planning to raise another round of funding.   P2PGI initially raised £200m via IPO on the London Stock Exchange ...

Fund Space Heats Up With Another New Entrant

29th May 2015

The marketplace lending-focused fund space is becoming increasingly competitive.   On the same day that the Marshal Wace-backed P2PGI announced plans to raise yet more funding, a newcomer by ...

eMoneyUnion Gears Up for Growth

27th May 2015

eMoneyUnion has on-boarded a triumvirate of high profile industry figures, and has also secured a six-figure equity investment.   eMoneyUnion has been quietly humming along up to now. The consumer ...

Finnish Consumer Lender Poised for Expansion

27th May 2015

A Helsinki Stock Exchange-listed finance group by the name of Taaleritehdas has invested in the Finnish P2P consumer lending platform Fellow Finance.   Taaleritehdas is an investment company ...

Lenders Provide Clarity Around Institutional “Cherry Picking” Ban

26th May 2015

A reported P2PFA ban on institutional "cherry picking" has sparked a response from the industry's biggest players.    The FT reported over the bank holiday weekend that the P2PFA ...

Fintech Holding Company Raises $100m

22nd May 2015

An alternative lending holding company by the name of eProdigy has secured $100m in funding from an undisclosed private equity firm.    eProdigy’s sits across a number of disruptive ...

Sage Enters the Alternative Lending Space

22nd May 2015

A fascinating tie up has occurred in the US alternative lending market.   Kabbage has entered into a partnership with e-accountancy giant Sage. The pair have launched a new entity by the name ...

LendInvest Turns Two and Crosses the £300m Mark

21st May 2015

P2P mortgage lending giant LendInvest has crossed the £300m mark in cumulative lending volume.   The landmark coincides with the platform’s second anniversary. LendInvest launched ...

New Combatant in the Buy-to-Let Space

21st May 2015

A new peer-to-peer marketplace for buy-to-let mortgages is nearing lift off.   Self-styled as a direct competitor to LendInvest, LandlordInvest will facilitate residential buy-to-let and bridging ...

Further Equity Capital for P2P Bitcoin Lender

20th May 2015

When bitcoin-based peer-to-business lender Bitbond raised €200k in August 2014, we promised to keep a watchful eye on its progress. The platform has now raised a further €600k of equity.   Bitbond ...

Challenger Bank to Lend Through Zopa

19th May 2015

Zopa’s strategic partnership puzzle is beginning to mesh together – and it’s clear that disruption is the binding theme among the many tiles.   The UK’s top challenger ...

Can Rejection Rates be Lowered via Referral?

18th May 2015

A digital loan exchange has launched in the US with a view to streamlining the functionality of the alternative lending ecosystem.   Cloud Lending Solutions is a technology platform that is ...

Zopa Clone Stamped Out

18th May 2015

A Zopa lookalike by the name of “Zopa Loans Reviews” appears to have been shut down by the FCA.    The UK regulator posted an update on Tuesday 12th May, warning people that ...

A New Runner in the Race for Europe

15th May 2015

Yet another intriguing P2P prospect has reared its head in Eastern Europe.   Mintos is an online marketplace for secured consumer loans – catering to borrowers in Latvia, Lithuania and ...

Which is the Hottest of the Frontier Markets?

14th May 2015

The recently launched Emerging Crowd has conducted some research into which of the frontier markets represents the hottest opportunity.   Emerging Crowd is an equity and debt (via mini-bond) ...

More Fund Managers Buy Into P2P

13th May 2015

Add George Luckraft of Axa Framlington to the growing list of fund managers who are moving in the P2P space.   Unlike the managers that have gone before him, Luckcraft’s approach has ...

Unique Platform-Bank Alliance Forms

13th May 2015

P2P SME loans specialist Zencap has entered into an alliance with a German bank.   Sparda-Bank Berlin is a cooperative bank with over half a million clients – the most of any cooperative ...

Building a Pan-European Marketplace for Property Loans

8th May 2015

EstateGuru is beginning to build up some significant traction in continental Europe.   Estonia has emerged as an unexpected hub of alternative financing innovation. Frequent AltFi readers will ...

SyndicateRoom To Raise £1.2m

7th May 2015

  A quick update on SyndicateRoom, which is staging a £1.2m fundraise for itself, through itself.     The platform is offering up 14.12% of its equity, at a pre-money ...

An Update on the Brewdog Campaign

7th May 2015

  A short update on the Brewdog equity crowdfunding campaign, which has had an up-and-down week in the headlines.   A couple of errors in wording within the promotional ...

Equity for Punks: Round 4

7th May 2015

Brewdog do things differently. That much is by now pretty clear. But even when it comes to equity crowdfunding – in itself an unconventional form of fundraising – the craft beer specialists ...

The First ISA Eligible Equity Crowdfunding Campaign

7th May 2015

  Another first for the UK equity crowdfunding sector, with SyndicateRoom now offering an ISA-eligible investment round.   Sandal – a publicly listed, home electronics ...

Seedrs Platform Plays Host to IPO

7th May 2015

  UK equity crowdfunder Seedrs is set to facilitate a funding round for French winemaker Domaine Chanzy as part of an upcoming IPO.   The Burgundy-based vineyard is looking ...

ISDX Listed Company Turns to Equity Crowdfunding

7th May 2015

  A steady stream of publicly traded companies are venturing towards the equity crowdfunding space.   The latest is ICAP Securities and Derivatives Exchange (ISDX) listed Capital ...

A Pair of Landmark Equity Crowdfunding Campaigns

7th May 2015

We have an update on two very successful equity crowdfundng campaigns, “Salty” and “JustPark”, that have raised around £5.5m between them.    The ...

A Fresh Take on Invoice Finance: a look at GapCap

7th May 2015

The invoice finance space is becoming increasingly competitive. The alternative market has for a few years been dominated by the likes of MarketInvoice and Platform Black. But in December ...

Research suggests Invoice Financing Market “Plagued by Bad Practice”

7th May 2015

  The UK's leading online invoice financier has produced some telling research into the excessive cost structure of the traditional invoice finance product.   The invoice finance ...

Is Online Invoice Finance Poised for a Shake Up?

7th May 2015

The online invoice finance space, the success of which in the UK has thus far been largely attributable to just two platforms, appears to be poised for a shake up.   MarketInvoice and Platform ...

$40m Series B for Chinese Consumer Lender

7th May 2015

A short update on yet another titanic equity investment within China’s P2P space.   Consumer lending platform Wanglibao has raised $40m in a series B fundraise. The funds were contributed ...

Zopa and Uber Unite

7th May 2015

Zopa has entered into a partnership with Uber, creating a potentially lucrative overlap between two of the most disruptive technology-based companies of the past decade.   Zopa loans will now ...

Seismic Shift for Trustbuddy

7th May 2015

The Swedish short-term P2P lender Trustbuddy has announced a sweeping series of changes to the company’s direction.   Trustbuddy has lent a little shy of €190m to date, according ...

FAQ Corner: What is a “Provision/ Contingency/ Safeguard Fund”?

6th May 2015

The FAQ Corner column intends to offer basic descriptions and explorations of various mechanisms and terminology within the rapidly growing alternative finance industry. The purpose is to guide novice ...

Landbay Secures £250m Funding Line

6th May 2015

  The institutional money keeps rolling into the UK peer-to-peer lending space.   Landbay – a peer-to-peer mortgage provider that was launched roughly a year ago – ...

Trading Begins on Proplend’s Secondary Market

6th May 2015

  Commercial property focused lender Proplend has cut the red ribbon on its secondary market – the Proplend Loan Exchange (PLE).   Proplend is selling investments ...

GLIF Buys A Slice of the Mandatory Referral Scheme

6th May 2015

GLI Finance continues to add to its alternative financing arsenal.   The prolific platform backer holds equity investments in eight separate varieties of alternative funding company – ...

High Power P2P Appointments Continue

5th May 2015

A pair of updates on senior appointments within the alternative lending space.   With such a weight of high-power appointments taking place, particularly in the flourishing peer-to-peer lending ...

More Rocket Fuel for Lendico

5th May 2015

Rocket Internet-backed consumer and SME loans marketplace Lendico has raised a further €20m in equity funding.   The fresh round of capital has been contributed by existing investors Rocket ...

SyndicateRoom To Raise £1.2m

1st May 2015

A quick update on SyndicateRoom, which is staging a £1.2m fundraise for itself, through itself.     The platform is offering up 14.12% of its equity, at a pre-money valuation of £7,301,471. ...

Time to Go Mobile

1st May 2015

Since launching in 2012 Lufax has arranged over 200,000 loans to consumers, carrying a total funding volume of $2.5bn. The platform recently closed a staggering $485m funding round that valued the company ...

New Tie Up in the SME Funding Space

30th April 2015

Two alternative lenders are tying up to increase their footprint within the UK's small business community.   Peer-to-business lending platform FundingKnight has entered into a relationship ...

A Change of Braveheart

30th April 2015

The first equity crowdfunding focused fund has turned its attentions to Seedrs, and away from Crowdcube.   Strathtay Ventures – an arm of the Braveheart Investment Group – was tasked ...

SME Lending Technology Provider Launches Capital Vehicle

29th April 2015

AMP Credit Technologies – the software solution built to alleviate the difficulty of bank lending to SMEs – has launched a direct funding facility.   Amplifi Capital will channel ...

An Update on the Brewdog Campaign

29th April 2015

A short update on the Brewdog equity crowdfunding campaign, which has had an up-and-down week in the headlines.   A couple of errors in wording within the promotional and financial documentation ...

Landbay Secures £250m Funding Line

29th April 2015

The institutional money keeps rolling into the UK peer-to-peer lending space.   Landbay – a peer-to-peer mortgage provider that was launched roughly a year ago – has secured a mind-boggling ...

Will Fintech Degrade the Banks’ Influence on the Economy?

28th April 2015

Will peer-to-peer lending and associated aspects of the fintech web ebb away at the central US banks’ collective ability to impact the economy in the coming years?   That’s the question ...

Trading Begins on Proplend’s Secondary Market

27th April 2015

Commercial property focused lender Proplend has cut the red ribbon on its secondary market – the Proplend Loan Exchange (PLE).   Proplend is selling investments into the PLE as a means ...

Venture Capital Inflows to China's P2P Space Continue

24th April 2015

Chinese P2P consumer and SME lender Jimubox has just closed a Series C funding round worth $84m.   The venture capital money is pouring into the Chinese P2P space. Jimubox’s Series C ...

$16m Fundraise for Online Brokerage Service

24th April 2015

A short update on Smava – the online personal bank loans broker – has raised $16m in equity funding.   Smava is often referred to as a peer-to-peer lender, and indeed the platform ...

Equity for Punks: Round 4

24th April 2015

Brewdog do things differently. That much is by now pretty clear. But even when it comes to equity crowdfunding – in itself an unconventional form of fundraising – the craft beer specialists ...

Funding Circle Adds $150m of Firepower

23rd April 2015

The world’s foremost online marketplace for small business loans has raised $150m in equity funding – the largest round ever staged by a UK platform.   The news comes as Funding ...

Emerging Market Investments for the Crowd

23rd April 2015

A new UK entrant is looking to carve out alternative investment opportunities within emerging markets.   Emerging Crowd is a newly launched alternative finance platform that will funnel both ...

A Market “Plagued by Bad Practice”

21st April 2015

The UK's leading online invoice financier has produced some telling research into the excessive cost structure of the traditional invoice finance product.   The invoice finance market is ...

Building Trust Within the Swedish P2P Space

21st April 2015

There are few international markets in the developed world that lack any trace of peer-to-peer lending activity. But there are many in which that activity emanates from just a handful of very early-stage ...

The First ISA Eligible Equity Crowdfunding Campaign

20th April 2015

Another first for the UK equity crowdfunding sector, with SyndicateRoom now offering an ISA-eligible investment round.   Sandal – a publicly listed, home electronics business – ...

The Best of LendIt USA 2015

17th April 2015

Wandering towards the elevators on the morning of the 14th of April, 27 floors high in the Marriot Marquis, a steadily rising buzz of activity comes spiraling upwards from far below, reverberating way ...

A New “Unicorn” in the UK?

27th March 2015

Rumours have surfaced over the past week that Funding Circle is just a month or two away from breaching the $1bn valuation mark.   The Sunday Times reported over the weekend that the world’s ...

Bank-to-SME Lending Set for a Boost?

27th March 2015

AMP Credit Technologies – the company looking to revitalise SME lending amongst the banks – has just closed a Series A funding round.   The firm has raised an undisclosed amount ...

OurCrowd Appoints Chief Exit Officer

26th March 2015

A brief personnel update on Israeli equity crowdfunding firm OurCrowd, which has appointed a new Chief Exit Officer (CXO).   Joel Maryles, a 30 year veteran of Wall Street, has assumed the ...

An Interview With the British Business Bank

25th March 2015

Mr. Osborne’s Budget confirmed what many within the alternative finance space already knew – that the British Business Bank (BBB) is to be instrumental in delivering the government’s ...

Keeping Pace With SME Credit Conditions

24th March 2015

A trio of SME-focused surveys have hit the wires today, each shedding light on a different aspect of the small business landscape.   We now have the Q4 data from CreditSquare’s UK SME ...

Alternative Credit Lines on the Continent – Catching Up With Spotcap

24th March 2015

The alternative business funding scene in continental Europe is beginning to bustle with activity and innovation. The direct lending space, which is distinct from the peer-to-peer model, has been quietly ...

Funding Empire Expands Into Asset-Backed Lending

23rd March 2015

A short update on the arrival of a new product in the peer-to-peer lending market.   Nascent peer-to-business lender Funding Empire has tied up with The Business Lending Exchange (BLX) to launch ...

Lending Works Refines Pensioner Offering

23rd March 2015

Lending Works continues to fine-tune its product offering suit the pensioner market.   The increased pensioner freedoms, set to arrive in early April, have been widely hailed as a tremendous ...

A Fresh Take on Invoice Finance

20th March 2015

The invoice finance space is becoming increasingly competitive. The alternative market has for a few years been dominated by the likes of MarketInvoice and Platform Black. But in December we learnt that ...

RateSetter Readies Itself for Pensions Freedoms

19th March 2015

Leading consumer lending outfit RateSetter is reportedly on the verge of striking deals with two personal pensions providers.   We learnt in early January that RateSetter was working towards ...

Landbay Appoints New COO

19th March 2015

Landbay has appointed Julian Cork as COO in an effort to spur on the growth of the platform.   Julian’s résumé includes stints serving as Managing Director and Head of Global ...

The Personal Savings Allowance Now Applies to P2P Lending

19th March 2015

Leading SME lending platform Funding Circle has uncovered another hidden gem in Mr. Osborne’s economic plan.   The Treasury has now confirmed that the £1,000 tax free personal savings ...

Lendico Enters SME Loans Space

18th March 2015

It’s all change at cross-border P2P lending outfit Lendico, which has now branched out into SME loans.   As Claus Lehmann at P2P-Banking.com points out, this is a somewhat befuddling ...

Volume Index Swells its Ranks

18th March 2015

A quick update on the Liberum AltFi Volume Index (LAVI), which has welcomed in a pair of fresh constituents.   Those constituents are property backed P2P platform Landbay and self-styled “insured ...

Budget 2015 Review: Key Takeaways for the Alternative Finance Space

18th March 2015

A genuine sense of excitement surrounded today’s Budget within the alternative finance space. The red box did not disappoint. Reaction has been flooding into the AltFi mailbox from all over the industry ...

Lending Works Tailors Product to Pensioners

17th March 2015

The quickly growing consumer lending outfit Lending Works is looking to become more pensioner-friendly.   From April, pensioners will have a far greater level of access to their pension fund ...

A Pair of Landmark Equity Crowdfunding Campaigns

17th March 2015

We don’t often write about individual crowdfunding campaigns, but with around £5.5m raised between them, “Salty” and “JustPark” are worth bucking a trend for.   The ...

Key Takeaways From FCA’s Guidance on Financial Promotions in Social Media

16th March 2015

Last Thursday the FCA published its finalised guidance on the matter of financial promotions in social media. The UK regulator offered some insight into its position on this matter back in August 2014 ...

Successful Exit for German Equity Crowdfunders

13th March 2015

German equity crowdfunder Companisto has churned out a successful exit.   “5 CUPS and some sugar” produces, sells and ships bespoke tea blends, which customers create for themselves ...

E-Commerce Giant Ties Up With Alternative Lenders

12th March 2015

The megalith internet company that is China’s Alibaba has linked up with a pair of British alternative business funders in Ezbob and Iwoca.   The partnerships have been struck in order ...

Measuring the Impact of the Alternative Business Funders

12th March 2015

The Treasury Select Committee Report on SME lending has revealed some tough truths about the continued dominance of the traditional players.   The report, entitled “Conduct and competition ...

Fast Start for Venture Founders

11th March 2015

Venture Founders is chugging along nicely – with a pair of big announcements hitting the wires this week.   Firstly, the platform has on-boarded a high profile Senior Advisor in the form ...

The Funding Network Begins to Spread

11th March 2015

Symbid has made good on its promise of impending international expansion.   The innovative equity crowdfunder is bringing the recently launched Funding Network to Italy. Symbid Italia S.p.A. ...

MarketInvoice Strikes Major Funding Deal

10th March 2015

Leading online invoice finance platform MarketInvoice has secured a funding commitment of up to £200m per year.   Pension fund-owned lender Fiduciam is set to purchase £50m of invoices ...

RateSetter Makes Shrewd Appointment

10th March 2015

A quick update on leading peer-to-peer platform RateSetter, which has on-boarded a new Head of Compliance.   The alternative finance-focused sessions at yesterday’s Innovate Finance Global ...

Zopa Celebrates a Decade of P2P Lending

10th March 2015

The original peer-to-peer platform Zopa has now been lending to UK consumers for a decade.   Zopa launched way back in March 2005, becoming the genesis behind the global movement that we now ...

Streamlined SME Lending Solution Arrives in UK

9th March 2015

An East-Asian financial technology company has arrived on UK shores, with a view to re-energizing the traditional small business lending space.   We have a frontrow seat at the Innovate Finance ...

GLIF Acquires Stake in Solar Energy Lender

6th March 2015

A fresh face will be joining GLI Finance’s already diverse portfolio of alternative financiers.   GLIF has invested $1.25m for a 21.6% equity stake in the US-based solar investment portal ...

The Consumer Take on P2P ISAs

5th March 2015

Members of the P2PFA have grouped together in order to delve deeper into the ever-present question of P2P ISAs.   The government has now had a little under five months to mull over responses ...

Symbid Unveils Master Aggregator

5th March 2015

Hybridization is a recurring theme in industry discourse at the moment. Many formerly specialist platforms are attempting to branch out beyond their bread and butter (whether that be consumer finance, ...

GLIF Bets All on Alternative Finance

4th March 2015

More exciting news for GLI Finance’s family of alternative funders – but also for the nation’s small businesses.   The specialist SME finance provider has just sold its 20% ...

Software Solution Helps Zopa to Stamp Out Fraud

3rd March 2015

A fraudster attempting to borrow a significant sum of money from Zopa has been netted by the AU10TIX BOS service.   Zopa first tied up with fraud prevention outfit AU10TIX in late November 2014. ...

Bondora Looks to Scale Up Cross Border Investment

2nd March 2015

The first platform to facilitate cross-border peer-to-peer investment has just closed a Series A fundraise.   Estonian lender Bondora – formerly known as isePankur – has raised ...

Landbay Pushes for Total Transparency

2nd March 2015

Nascent peer-to-peer lender Landbay has made an unprecedented breadth of lending data publicly available.   Transparency has been the watchword for the peer-to-peer industry of late. A week ...

Landbay Announces High Profile Board Appointment

27th February 2015

A quick update on nascent peer-to-peer mortgage lender Landbay – which has just made an exciting appointment to its board of directors.   Robert Burgess – formerly of Alliance Trust, ...

GLIF Set to Boost Portfolio Platforms

26th February 2015

GLI Finance has successfully raised £20m through a share placement.   The company intends to channel the funds into the development and acceleration of its stable of 16 different alternative ...

The FLS Gap Just Got Bigger

26th February 2015

The challenge of filling the SME funding gap has become much tougher.   It was in late November last year that we broke the exciting news that alternative business funders had channeled so ...

The AltFi Frontline: P2P Permissions Explained…

26th February 2015

Prepare yourself for an exploratory jaunt into the regulatory thicket.   A handful of private peer-to-peer investors – generally a sharper, more discerning bunch than they are often given ...

The AltFi Frontline: A Breakout Room With a View

25th February 2015

It was my distinct pleasure to moderate/facilitate breakout room proceedings at yesterday’s AltFi Europe Summit 2015. The structure of the event was such that main-stage panel discussions flowed ...

The AltFi Europe Summit 2015 is Just Around the Corner!

22nd February 2015

A reminder that the AltFi Europe Summit 2015 – the premier event for in-depth discussion and analysis of Europe’s flourishing alternative finance industry – is now just one day away! ...

Building Towards a Truly International Marketplace

22nd February 2015

After having recently caught up with the folks behind continental peer-to-business lender Zencap, we decided to sit down with another Rocket Internet-fuelled platform – the consumer lending ...

Driving the Evolution of The Equity Crowdfunding Space

20th February 2015

Outfits old and new are starting to push the limits of the equity crowdfunding model. The past year has seen a greater number of well-established businesses gravitate towards the industry as a means of ...

Academic Centre for Alternative Finance Launches

20th February 2015

Cambridge Judge Business School has unveiled the Centre for Alternative Finance.   The new entity – an international, interdisciplinary academic research institute – will adopt ...

Wellesley Jumps Ahead on P2P ISAs

17th February 2015

Secured lender Wellesley & Co. has just unveiled the world’s first ISA-eligible peer-to-peer investment opportunity.   In March 2014, Chancellor George Osborne confirmed that peer-to-peer ...

GLIF to Launch Closed End Fund?

17th February 2015

GLI Finance is considering the launch of an alternative finance-focused closed end fund.   The SME funding organ now holds an equity stake in 16 alternative business funding solutions – ...

Institutional Underwriting Commitment for ThinCats

16th February 2015

Peer-to-business lender ThinCats is busily carving out new lines of institutional investment.   Last week the platform announced a partnership with a West Midlands-focused co-operative business ...

Assetz Offers Equity to the Crowd

16th February 2015

Assetz Capital – the ascendant peer-to-business lender that has hardly paused for breath since the get-go in 2015 – has now unveiled an opportunity for private investors to share in the platform’s ...

German Peer-to-Business Lender Eyes World Domination

13th February 2015

Zencap – a high growth peer-to-business lending outfit from Germany – is looking to take the world of SME lending by storm.   Zencap was launched in March 2014 by the prolific Rocket ...

ThinCats Secures Fresh Liquidity Source

12th February 2015

ThinCats has forged a partnership with a West Midlands-focused co-operative business loan fund.   BCRS Business Loans – the partner of choice – will now begin distributing funds ...

OurCrowd Helps Borro to Raise $19.5m

10th February 2015

UK-based asset-backed lending platform Borro has just closed a $19.5m Series E funding round.   This story will be of interest to AltFi readers from several angles. A significant slice of the ...

A Brief Update on Crowdcube Spain

10th February 2015

Crowdcube’s efforts on the Continent are beginning to bear fruit.   The leading UK equity crowdfunder’s Spanish subsidiary recently closed a €450,000 round for Barcelona-based ...

ISDX Listed Company Turns to Equity Crowdfunding

9th February 2015

A steady stream of publicly traded companies are venturing towards the equity crowdfunding space.   The latest is ICAP Securities and Derivatives Exchange (ISDX) listed Capital for Colleagues ...

RateSetter Becomes Third UK Platform to Hit Half A Billion

9th February 2015

RateSetter has now crossed the £0.5 billion mark, becoming the third UK platform to have accomplished the feat.   The prominent consumer-lending outfit has pulled over the line close ...

LendInvest Lowers Minimum Investment Amount – Sees Demand Uptick

9th February 2015

Leading property lending outfit LendInvest is experiencing a surge in investor requests.   This ballooning in demand has been attributed largely to the platform’s decision to drop its ...

Accelerated Consolidation Incoming?

6th February 2015

A newly-formed company that is out to consolidate a segment of the UK's alternative finance sector is poised to stage an IPO.   Non-Standard Finance (NSF) will reportedly float on the London ...

Hargreaves Lansdown to Build P2P Platform

5th February 2015

Hargreaves Lansdown is poised to make a play for the UK’s peer-to-peer sector.   The UK’s top fund supermarket has begun work building out its own peer-to-peer lending platform. ...

FCA Publishes Sweeping Regulatory Review

4th February 2015

The FCA has published a sweeping review of the state of regulation in the peer-to-peer lending and equity crowdfunding sectors.   The update has already provoked reaction from a number of different ...

Time for a Nation of Procrastinators to Take Action?

3rd February 2015

RateSetter is on a mission to blot out the “Great British Procrasti-nation”.   A personality quiz, a flurry of surveys and a sizable infographic have been churned out by consumer ...

The AltFi Frontline: The Platform Parts Shop

3rd February 2015

The past couple of months have coughed up an uncommonly high number of strategic partnerships. Banks, software providers, accountancy houses, councils, institutions – and so on, and so forth – ...

LendInvest To Become UK's First Listed Platform?

2nd February 2015

Speculation over which UK platform will be the first to come to market might soon be at an end.   LendInvest is reportedly gearing up for an IPO on the London Stock Exchange. Expected to take ...

Seedrs Platform Plays Host to IPO

2nd February 2015

UK equity crowdfunder Seedrs is set to facilitate a funding round for French winemaker Domaine Chanzy as part of an upcoming IPO.   The Burgundy-based vineyard is looking to raise £1.9m, ...

FundingKnight Boss Calls for Renewed SME Confidence

30th January 2015

The recently issued “Trends in Lending” report from the Bank of England reiterated the message that net lending to small business continues to fall off.   The report exposed a divergence ...

Goldman and SocGen to Plough Into Marketplace Lending Sector?

29th January 2015

Rumours are surfacing that two of the world’s largest investment banks are eyeing up a partnership with Aztec Money.   According to a report published on the front page of the FT this ...

Further Hybridization for Symbid

28th January 2015

One of Europe’s first equity crowdfunding portals – Symbid – has evolved beyond a pure equity crowdfunding vehicle and into a multi-faceted funding portal.   The leading Dutch ...

P2P GI’s C Share Issue Oversubscribed – Raises £250m

27th January 2015

P2P GI has successfully raised £250m via a much-anticipated C Share offering.   The news follows the publication of its Prospectus and the announcements made on 12 January 2015 and 23 ...

Funding Circle Roars Past the Half Billion Mark

27th January 2015

Funding Circle has crossed the half a billion pound mark in cumulative lending.   The original peer-to-business lending platform crossed the milestone today, after having lent £23,716,120 ...

Provision Fund Surfaces in the Saving Stream

26th January 2015

Below the radar, secured-P2P platform Saving Stream has now adopted a provision fund.   Saving Stream specializes in secured transactions – previously against the value of luxury yachts, ...

E-Invoicing and Factoring Service Raises $18.5m

26th January 2015

More news from the large-looming e-invoicing space, where an outfit named BlueVine has raised $18.5m in a Series B round.   The dynamic e-invoicing sector – featuring such names as Tungsten, ...

Awards Scoop for Zopa

26th January 2015

A quick update on the UK’s original peer-to-peer lender Zopa – which has raked in a pair of prizes at the Consumer MoneyFacts Awards 2015.   The platform scooped Personal Loan Provider ...

Lending Works Rolls Out RATE LOCK Product

23rd January 2015

A rush of high quality borrowers has resulted in a limited-time offer of premium returns via the Lending Works platform.   A newly minted RATE LOCK product will offer investors a fixed 5% per ...

RBS to Refer Businesses to P2P Sector

22nd January 2015

After hinting at involvement in the P2P space in October last year, RBS has now formally confirmed a new referrals arrangement with two peer-to-business lenders.   The major high street bank ...

Quoted, SIPP-Wrapped Bond Issue Inbound

22nd January 2015

UK Bond Network has become the latest platform to partner up with the prolific SIPPclub, but that’s not the only exciting aspect of its next investment opportunity.   The unique SME finance ...

US Institutional Capital Floods UK Shores

21st January 2015

The flow of US institutional capital into the UK peer-to-peer market has begun with a bang.   Victory Park Capital – one of the largest alternative finance-focused institutional players ...

French Bank Takes on Active Role in P2P Space

21st January 2015

For the first time in history, a partnership has been struck between a French P2P Lender and a major French bank.   Unilend – the leading French peer-to-business marketplace – has ...

A New Mover in the Property Crowdfunding Space

20th January 2015

A new platform has emerged in the property-based equity crowdfunding sector.   Joining the likes of Property Moose and The House Crowd, Property Partner will offer its investors the chance ...

Cries for Regulation from Ireland’s P2P Sector

19th January 2015

The Irish peer-to-business lending space has been humming along nicely, and a dedicated regulatory regime now occupies a lofty spot on the various platforms’ wishlists.   We’re ...

Sizing Up the Recruitment Finance Opportunity

19th January 2015

UK recruitment agencies are owed £6 billion in outstanding invoices – a sizeable opportunity for one of the country’s more specialized alternative funders.   Sonovate is an ...

Lending to Emerging Market SMEs Picks Up Pace

16th January 2015

Dutch peer-to-peer lending outfit Lendahand is opening up investment opportunities in emerging markets.   The unconventional platform – which we caught up with back in July – has ...

Online Invoice Funding Opened Up to Italian Businesses

16th January 2015

A newly launched online invoice finance platform is ready to breathe life into Italy's small businesses.   Workinvoice is the first online invoice trading operation to come to Italian shores. ...

Funding Circle Reaching Regional Businesses

15th January 2015

Funding Circle continues its spread to every corner of the country as it hooks up with the Herefordshire Council.   The world’s leading peer-to-business lender pioneered the strategy ...

Shedding Light on Late 2014 SME Credit Conditions

15th January 2015

Revenue-based finance provider Fleximize has painted an ugly picture of the SME credit climate at the tail end of 2014.   Rarely short on research, the alternative funder has now discovered ...

Cryptocurrency P2P Exchanges Multiply

14th January 2015

More noise from the cryptocurrency peer-to-peer lending interchange.   A quick update on yet another digital currency-fueled peer-to-peer lending exchange. Pure-Central launched late last year ...

FundingKnight Set for a Lending Spike?

14th January 2015

A brief update on peer-to-peer business lender FundingKnight – which is experiencing a swell of demand for larger ticket loans.   In response, FundingKnight has now doubled the maximum ...

Social Scoring Platform Soon to Launch

13th January 2015

An alternative lending platform by the name of Vouch has announced the completion of a seed-stage funding round.   The $3m round was actually closed last year, but Vouch has chosen to lay low ...

The Postgraduate Student Funding Opportunity

13th January 2015

We recently surveyed the latest examples of product diversification that have opened up over the past year within the alternative finance space. Platform investors are being offered exposure to a whole ...

Wonga’s P2P Venture Ends

12th January 2015

Wonga’s brief foray into the world of peer-to-peer lending is at an end.   The infamous payday loans outfit first announced the launch of Invest and Borrow back in May 2014. The short ...

The AltFi Frontline: Navigating the Product Web

9th January 2015

2014 proved to be a year of immense growth for the alternative finance space, but not only in terms of transactional volumes.   Many of the platforms also expanded in terms of their product ...

P2P Pension Products Proliferate

8th January 2015

Another of the UK’s budding peer-to-peer lenders has hopped aboard the now fast-moving peer-to-peer pensions train.   Rebuildingsociety joins the likes of ThinCats and Proplend in having ...

Political Crowdfunding in Spain May Require Tighter Regulation

8th January 2015

Something unusual is afoot in the formative Spanish crowdfunding space that could ultimately lead to a stricter regulatory framework.   A report has surfaced that insinuates that political ...

Angel Investors Swoop on Early Stage Indian Platform

7th January 2015

The Angel money is beginning to eek into the Indian peer-to-peer lending space.   A nascent sector in global terms, India plays host to two main peer-to-peer lenders – Faircent and i-lend. ...

Two Equity Crowdfunders Cross the $100m Mark

7th January 2015

The world’s largest equity crowdfunders have pulled past the $100 million mark in cumulative funding.   The UK equity crowdfunding market may be world’s most advanced in terms of ...

Is Online Invoice Finance Poised for a Shake Up?

6th January 2015

The online invoice finance space, the success of which in the UK has thus far been largely attributable to just two platforms, appears to be poised for a shake up.   MarketInvoice and Platform ...

Digital Currency Exchange Adds P2P Function

6th January 2015

One of the world’s leading global bitcoin exchanges is now offering a peer-to-peer lending function.   OKCoin is a Chinese digital currency trading platform and exchange – perhaps ...

Retirement Savers Loom Large on Peer-to-Peer Lending Radar

5th January 2015

The world’s first peer-to-peer lending platform is now in the process of developing a uniquely flexible product for the nation’s pensioners.   As a result of a recent regulatory ...

The AltFi Frontline: The Year in Equity Crowdfunding

31st December 2014

With the New Year perched just around the corner, now feels like an appropriate time to look back over what has been a very busy 2014 for the equity crowdfunding space.   AltFi recently had ...

RateSetter Provides Insight Into Evolution of Marketplace

19th December 2014

An important post has popped up on the RateSetter blog – one that sheds a little light on the broadening of the platform’s lending activity.   RateSetter is first and foremost a ...

Cross-Border JV Creates New Player in Invoice Finance Space

19th December 2014

Assetz Capital, the peer-to-peer platform for secured transactions, has forged a partnership with a major US provider of invoice finance to SMEs.   The groundbreaking joint venture unites Assetz ...

Peer-to-Peer Lender Weathers Severe Stress Testing

18th December 2014

The first stress testing results to have ever been published within the alternative finance space have shown a select brand of peer-to-peer lending to be sturdier than you might expect.   Landbay, ...

Swell of Support for Third ISA Type

17th December 2014

Opinions appear to be aligning across the board as to how peer-to-peer investments should be incorporated within the ISA wrapper.   The UK government launched a month long consultation on the ...

Companists Reject 100% Returns and Hang Onto Shares

17th December 2014

After a month of mulling it over, a group of German equity crowdfunders have turned down the chance to double their money within just two years of investing.   Between June and September of ...

Cutting Edge Online Marketplace for Dutch SMEs Arrives

16th December 2014

One of the continent’s fastest growing and most exciting equity crowdfunders has quietly forged a powerful alliance with a leading Dutch financial advisory firm.   Symbid and Credion ...

Property Lender Gains Access to Personal Pension Opportunity

16th December 2014

The up-and-coming peer-to-peer lending platform Proplend is now able to accept investments from SIPP, SSAS and other pension fund holders.   The nascent property lender has been approved by ...

Supply and Demand on the Up in UK SME Credit Indices

15th December 2014

CreditSquare’s quarterly SME Credit Indices show both demand and supply to have risen in Q3 2014.   CreditSquare is a debt advisory firm focused on finding credit solutions for SMEs. ...

The AltFi Frontline: Surveying the Surveys

12th December 2014

With the year now rolling towards an end after a breathless stretch for the alternative finance space – now feels like the perfect time to take stock.   And how better to do that than ...

The First Flickers of Market Consolidation?

12th December 2014

One of the country’s largest peer-to-peer lending platforms has just absorbed the loanbook of an early-stage outfit.   GraduRates is a peer-to-peer lender which specializes in providing ...

Are You Armed for Equity Crowdfunding Investment?

10th December 2014

One of the newer players on the UK’s equity crowdfunding scene has released an eminently sensible checklist for those investing in the space.   InvestingZone made a splash recently by ...

ThinCats Seeks Institutional Investment to Tackle Supply Demand Logjam

10th December 2014

One of the nation’s largest peer-to-business lenders finds itself in the unusual position of having a lengthy pipeline of deals and not enough capital to fund them.   ThinCats is experiencing ...

UK Hub to Help Accelerate Equity Crowdfunding in India

9th December 2014

A UK-born entrepreneurial hub is attempting to kickstart equity crowdfunding into life in India.   TechHub – a community and workspace for technology startups – is taking an active ...

SME Profitability on the Rise

8th December 2014

More good news on the SME front – where profitability appears to be on the rise.   According to the latest grilling of the nation’s small businesses – the BDRC SME Finance ...

Crowdfunding Aggregator Pulls Bank Heist

8th December 2014

After having launched in early October with the intention of becoming the Rightmove of the crowdfunding space, Business Agent has now taken to the streets to spread its message.   The online ...

Will Alternative Finance Bring About “The End of Banking?”

5th December 2014

In the midst of the digital revolution, a trailblazing book calls for alternative finance models to supplant the now long-outdated banking system.   Co-authored by an investment banker and ...

Alternative Funders Grow in Tandem With SME Confidence

5th December 2014

The latest funding availability survey shows that optimism is returning to the nation’s small business owners.   Revenue based finance provider Liberis has commissioned a poll of 1,000 ...

Government to Drive Growth of Equity Crowdfunding

4th December 2014

The UK government is now channeling funds through the equity crowdfunding sector.   Crowdcube is to become the recipient of £5m of government money. The funds will be allocated – ...

Landbay Ready to Climb P2P Ladder

4th December 2014

Nascent property lending specialist Landbay is clearly targeting a fast ascent to the ranks of the peer-to-peer elite.   The platform specializes in a peer-to-peer funded buy-to-let mortgage ...

Hargreaves Lansdown Sizing Up the P2P Space?

2nd December 2014

Hargreaves Lansdown may be looking to make a play for involvement in the peer-to-peer lending space.   The online investment platform is reportedly giving serious thought to the idea of allowing ...

Zopa Enhances Public Purchasing Power

2nd December 2014

The UK’s original peer-to-peer lender is taking steps to more deeply embed itself in day-to-day life.   Zopa has established a commercial arrangement with an energy technology company ...

Starting Up Peer-to-Business Lending Down Under

1st December 2014

One of the UK’s foremost peer-to-business lenders is poised to kick off operations in Australia.   According to the Liberum AltFi Index, ThinCats is the UK’s fourth largest peer-to-business ...

Fast Start for Scottish P2B Lender

28th November 2014

Peer-to-business lending is now up and running in Scotland as a new entrant hits the quarter million mark in its first month.   Renowned internet entrepreneur Bill Dobbie is the man behind ...

The UK’s First Property-Backed Consumer Loans Arrive

28th November 2014

The UK’s peer-to-peer consumer lending space is due a couple of innovative new entrants.   The sector is home to two of nation’s largest alternative finance providers – RateSetter ...

Alternative Funders Close Up the Quarterly FLS Gap

27th November 2014

SME lending under the Funding for Lending Scheme continues to follow a downward track.   The Bank of England publishes quarterly updates on the numbers behind the FLS scheme –releasing ...

All Systems Go at the P2PFA

26th November 2014

With fresh additions to its management, members and services – it’s all change and all go at the P2PFA this week.   The P2PFA has had a busy couple of days, following on from the ...

P2P GI On Track – May Issue New Shares

26th November 2014

P2P Global Investments – the P2P-dedicated investment trust with ties to Marshall Wace – is on track to meet its initial expectations.   P2P GI raised £200m by floating ...

Are the Banks Trying to Regain Lost Ground?

25th November 2014

Some of the banks appear to be gearing up to respond to the rapid growth of the many alternative business-funding solutions.   The alternative finance industry grew up in the wake of the 2008 ...

Will This New Commercial Mortgages Platform Bear Fruit?

24th November 2014

There’s a new player in the crowded UK peer-to-peer lending space, claiming to be the first platform to play matchmaker between retail investors and full-term commercial mortgage borrowers.   Fruitful ...

Prosper Notches First Profitable Quarter

21st November 2014

The world’s second largest peer-to-peer lending platform has just logged its first profitable quarter since launching way back in February 2006.   LendAcademy’s Peter Renton – ...

Trade Finance Roundtable Roundup

21st November 2014

On Wednesday afternoon, in the lofty recesses of Experian’s rather dazzling Cardinal Place offices, an illuminating roundtable discussion all about the trade finance sector took place.   As ...

Major Reshuffle at Platform Black

20th November 2014

The nation’s second largest online invoice finance provider is undergoing something of a shake-up.   Co-Founder and prominent industry advocate Louise Beaumont recently hopped across to ...

Change Afoot at the P2PFA

20th November 2014

After having recently swollen its ranks through the addition of Lending Works, the P2PFA has now lost a member.   Wellesley & Co. has become suddenly and conspicuously absent from the P2PFA’s ...

SyndicateRoom to Aid in the Floating of UK’s First Residential REIT

18th November 2014

The UK’s fastest growing equity crowdfunder continues to make noise with a truly unconventional fundraise.   SyndicateRoom will to all intents and purposes co-host the IPO of Mill Residential ...

Nascent Platform Takes Steps to Conjure Up Liquidity

18th November 2014

Peer-to-business lender ArchOver is creeping slowly but surely into the mainstream.   The world’s only secured and insured SME lending platform has just announced an intriguing tie up ...

The AltFi Frontline: Where do the limits lie?

18th November 2014

When AltFi.com first began, just over a year ago now as a humble news provider, we had a clear idea of our core areas of focus: peer-to-peer lending, equity crowdfunding and online invoice finance.   “AltFi” ...

GLIF to Acquire Rapidly Growing Channel Island Lender?

17th November 2014

GLI Finance may be on the verge of acquiring one of the many SME finance providers that it has backed in recent times.   The specialist SME finance provider will now await confirmation as to ...

Finexkap is Ready to Roll

14th November 2014

One of the most exciting players to enter into the French alternative finance space thus far has just completed a $22.5m funding round.   Finexkap is a uniquely structured invoice finance provider. ...

The AltFi Frontline: Questions That Need Answering

22nd October 2014

We’ve been busy at AltFi putting together some films for the fast-approaching AltFi Global Summit at NASDAQ in New York on November 4th. Without wanting to give too much away, part of the process ...

The AltFi Frontline: The Hallmarks of a Next Generation Platform

26th September 2014

I recently profiled Spain’s leading peer-to-business lender – LoanBook. The nascent platform – which launched in October 2013 – has from the beginning catered specifically (though ...

What Impact Would Scottish Independence Have Upon the UK Alternative Finance Space?

11th September 2014

On September 18th Scotland will decide whether it will remain a part of the United Kingdom or become an independent nation. The YouGov opinion poll suggests that the vote is going to be nail-bitingly close. ...

The AltFi Frontline: The Pros and Pitfalls of a Personal Touch

9th September 2014

Research from Cognizant recently revealed that the single most sought-after feature for borrowers sizing up the many peer-to-peer options is for a platform to have a system of bank-style branches in place. ...

Shining a Light on Alternative Finance for the Younger Generation

12th August 2014

Part 2: Investors   Moving onto the investor-facing part of the discussion. I want to issue the initial caveat here that I am well aware that the vast majority of individuals within the age ...

Shining a Light on Alternative Finance for the Younger Generation

11th August 2014

Part 1: Entrepreneurs   The Alternative Finance world is young and vivacious. The platforms are almost universally beneath five years in age. But the actual users of those platforms are (by ...

AltFi Aggregators – A Balancing Act

30th July 2014

The alternative finance movement has the world within its clutches, and is becoming an increasingly mainstream option for finance-needy borrowers across the globe.   And as with any movement ...

The AltFi Frontline: A Continental Disparity

20th July 2014

The alternative finance movement all began in the UK with the launch of peer-to-peer consumer lending platform Zopa way back in 2005. 9 years removed from emerging as a lone operator, the platform sits ...

The AltFi Frontline: Unheralded Developments

23rd June 2014

2014 has long been tipped as the year in which the alternative finance space is destined to come of age. Many of the developments we are seeing now and that are believed to be key factors in the maturation ...

The AltFi Frontline: The Reflective Phase

28th May 2014

It’s been a month of reflection for the alternative finance industry – full of debate over definitions and research into where the sector stands in the minds of the public. We’ve even ...

The AltFi Frontline: A War Over Words

23rd April 2014

The Alternative Finance revolution remains in full swing. But as with any major upheaval, questions relating to direction and definitions are surfacing.   Speaking to the various platforms ...

The Liberum AltFi Index: Record Growth Rates for Wellesley & Co.

4th April 2014

In the wake of what has been a monumental month for Alternative Finance, the Liberum AltFi Index returns with your statistical snapshot of the industry. What are the big numbers showing?   Is ...

King of the Crowdfunding Aggregators?

20th March 2014

With a wave of alternative finance aggregators arriving on the scene, competition between the various facilities is heating up.   The UK has recently seen the arrival of Alternative Business ...

The AltFi Frontline: A Landmark Month for AltFinance

20th March 2014

It’s been quite the month for alternative finance providers. New crowdfunding regulations, the AltFi Summit, encouraging words from Vince Cable, the extension of ISAs to include p2p lending and the ...

The Breakout Room at AltFi

13th March 2014

It was my pleasure to own a front-row seat in the breakout room at Tuesday’s wildly successful AltFi Summit. This more intimate space was designed to allow an investor-based audience to give the ...

Are New Regulations Taking the Crowd Out of Crowdfunding?

6th March 2014

A new set of regulations from the FCA has been met with outrage in the crowdfunding community.   The most controversial element of the new strictures is new 10% rule. The FCA propose that inexperienced ...

The Liberum AltFi Index: A New Form of AltFinance Emerges

5th March 2014

The latest edition of the Liberum AltFi Index has landed! The month of February has been one of sustained growth for the industry. New combatants continue to pile into our index, and we’re seeing ...

Exclusive Interview With CrowdBox - The First Crowdfunding TV Channel

4th March 2014

Marc Hayward is the man behind the first TV channel dedicated to crowdfunding. Launched in January of this year, CrowdBox TV opens a new avenue of promotion to crowdfunding projects from across the globe. ...

Green Crowdfunding Record Smashed

21st February 2014

A new record is set in green crowdfunding. A project listed on Abundance Generation has raised over £200k in just four days.   Abundance employs a debenture funding model that allows ...

The AltFi Frontline: Shifts and Trends in the Alternative Finance World

21st February 2014

As we career through 2014 – the year many believe will be the tipping point for alternative finance – what are the big changes taking place in the AltFi universe?   Here’s ...

P2B Lending to Solve SMEs' Borrowing Woes?

19th February 2014

  Over 100,000 SMEs in the UK have been charged extra for clearing bank loans ahead of schedule. This is according to new research by the peer-to-business lending platform Rebuildingsociety.   The ...

Institutional Investment on the Rise

18th February 2014

  A specialist lender to SMEs today announced the completion of its first Continental European investment.   GLI Finance Limited has acquired a 5% stake in the Danish invoice trading ...

The UK’s First Peer-to-Peer Bond Platform

17th February 2014

  The UK Bond Network (UKBN) is launching the UK’s first p2p bond and loan platform. The site will provide sophisticated and institutional investors with access to quoted and unquoted UK ...

The Student Scene in AltFinance

17th February 2014

  Introduction   With 2014 expected to be the tipping point for alternative finance, we take a look at its impact in the lives of students.   We’ve explored a ...

First British-Built Aircraft in Decades is Crowdfunded

14th February 2014

  The first aircraft to be designed and built in Britain for decades has soared past its fundraising target on Syndicate Room.   The e-Go is a low cost, ultra-efficient single seat ...

The Fastest Equity Crowdfunding Deal in UK History

14th February 2014

  An online food discovery business has become the fastest ever to be equity crowdfunded in the UK.   Flavourly launched last Monday on Angels Den, and stormed to its fundraising target ...

New Crowdfunding Platform Takes Flight

13th February 2014

A new equity crowdfunding platform backed by Sir Richard Branson is targeting exciting entrepreneurs in the UK.   The London Entrepreneurial Exchange (E2Exchange), headed by Sir Richard Branson, ...

SyndicateRoom Passes £1 Million Mark - Is This the Evolution of Equity Crowdfunding?

12th February 2014

  The next-generation, 6 month old crowdfunding platform – SyndicateRoom – has now helped to secure over £1 million in investments for promising British businesses.   SyndicateRoom ...

Sancus Limited Lends £2.5 Million in First Month

12th February 2014

  Sancus Limited, the Jersey-based p2p lender that specializes in working with local entrepreneurs and businesses, has completed its first loan of £2.5 million.   The loan was ...

AltFi Summit 2014 Sponsors’ Breakfast Interviews

10th February 2014

  Hear what the leading players in the alternative finance space have to say about the industry!   The AltFi Sponsors’ Breakfast brought together key spokespeople from P2PCS, ...

“Agree It” App – Payday Loans Via Social Media

7th February 2014

  A new app has launched that will allow friends and family to borrow from and lend to one another on Facebook.   The Agree It app is freely downloadable and will not charge users fees ...

MarketInvoice Celebrate Three Years of Success

6th February 2014

  In honor of their 3rd birthday, we take a short look back at all that MarketInvoice have accomplished in their three years of being:   £115 million worth of invoices traded. £70 ...

The Liberum AltFi Index: LendInvest Experience Growth Surge as Industry Growth Rate Climbs

5th February 2014

  The Liberum AltFi Index is back with three major takeaways:   Industry growth rate continues to climb. New entrants into the index are a big part of industry-wide growth.  ...

Madiston LendLoanInvest Enter P2P Lending Space

4th February 2014

Madiston LendLoanInvest has now entered the p2p lending game with a new site that promises users a unique level of flexibility and control.   Lenders will be able to spread their risk through ...

AltFi Summit 2014 Sponsors Revealed!

3rd February 2014

  AltFinanceNews is delighted to announce the following sponsors for the fast-approaching AltFi Summit 2014!   Gold Sponsor   P2P CS   Simon champ, formerly at ...

Zopa Receive £15 Million Investment

31st January 2014

  Zopa has received a £15 million investment from Arrowgrass Capital Partners – a hedgefund manager spun out of Deutsche Bank in 2008.   As part of the deal, Arrowgrass’ ...

Indiegogo Raises $40 Million to Finance Global Expansion

30th January 2014

The US crowdfunding giant Indiegogo has raised $40 million in funding as it targets further global expansion.   Co-Founder Slava Rubin indicated that the funds would be used to finance the global ...

Our Money Primed to Launch in Ireland

28th January 2014

Ireland is set to hatch a new peer-to-peer lender this March in the form of Our Money.   Our Money will become the second p2p lender in Ireland. Its emergence is in keeping with Simon Deane-Johns’ ...

The Crowdcube Venture Fund Arrives

27th January 2014

Crowdcube have now launched a fund that will allow investors to take a stake in ten seed-stage startups.   The “Crowdcube Venture Fund” will require an investment of only £2,500, ...

LendInvest Complete World’s Largest P2P Loan

24th January 2014

LendInvest have now completed a £4.12 million loan – the largest in the history of peer-to-peer lending.   LendInvest are a p2p mortgage platform that lends to businesses secured ...

P2B Lending to Take Off in Ireland?

23rd January 2014

Simon Deane-Johns, Co-Founder of the world’s first peer-to-peer lending platform Zopa, has predicted a surge in peer-to-business lending in Ireland over the next three years.   In an interview ...

Investing in Racehorses Opens to the Crowd

23rd January 2014

Investing in racehorses – typically the preserve of the über rich – will now be made available to the masses through the medium of crowdfunding.    Crowd Racing, which ...

Crowdfunding for “New Media”

22nd January 2014

Yet another specialist islet has arisen from the vast crowdfunding ocean.   PodFund is being billed as the first crowdfunding platform for “new media”. Specifically this refers ...

The AltFi Frontline: The Next Big Things

21st January 2014

Welcome to the first installation of what will be a monthly feature going forward – my thoughts on the alternative finance space. This time round I will be opining on the major trends that are ...

Could Crowdfunding Stem the Flow of Government Investment?

21st January 2014

Joe Cox, principal lecturer in Economics at Portsmouth University, has warned that academic crowdfunding may lead to a decline in government investment.   Crowdfunding has already ...

The World's First Crowdfunding TV Show

20th January 2014

Crowdfunding has now found its way onto our TVs.   CrowdBox TV launched last night on sky, channel 192. The London-based service is a promotional tool for crowdfunding campaigns from a global ...

CrowdsUnite Helps Entrerpreneurs to Choose the Right Platform

17th January 2014

As new crowdfunding platforms continue to pile up across the globe, so too do the number of methods to navigate them.   There have already been countless articles, aimed at entrepreneurs, about ...

ThinCats Ready For Institutional Investment

16th January 2014

ThinCats have always had a long-term goal of becoming a viable and attractive option for institutional investors. Kevin Caley, Managing Director of the peer-to-business lending platform, believes ...

Lending Works Eyes Yorkshire as Lending Hotspot

16th January 2014

A newly-launched peer-to-peer lending platform - Lending Works - has a particular interest in the county of Yorkshire.   Based in London, Lending Works was founded by Nick Harding ...

Sancus Launch Jersey-Based P2P Lending Business

14th January 2014

Sancus Holdings Limited is a new, Jersey-based peer-to-peer secured lending platform.   It has launched with £23 million of proprietary capital – raised largely from local entrepreneurs ...

Exhilway Link Will Connect Investors With Emerging Businesses

13th January 2014

Crowdfunding is crashing into India in the form of Exhilway Link.   The platform will be launched by Exhilway Global – the world’s largest emerging markets private equity fund. The ...

The Liberum AltFi Index: Alternative Finance Sector Smashes £1 Billion Barrier

13th January 2014

The altfi sector in the UK has finally pushed past the £1 billion milestone!   Exclusive research from The Liberum AltFi Index reveals today that the UK Alternative Finance ...

WeSwap - The Peer-to-Peer Currency Exchange

10th January 2014

WeSwap are a peer-to-peer currency exchange site which will allow people travelling to and from countries to directly swap their money, either via the website or by using the WeSwap app.   Users ...

Funding Circle Surges Past £200 Million Mark

9th January 2014

Funding Circle has started the New Year with a bang – passing the £200 million mark in total amount lent to small businesses.   A hefty £130 million of that figure was lent ...

AltFinance sector hits £936m in total transactions but growth rates slow down across the board

4th December 2013

The latest market stats for the sector by AltFinanceNews indicate that the 9 major platforms (including crowdfunding outfit Crowdcube) have hit total transactions of £936m, with an overall recorded ...