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Your daily download of all things alternative finance and fintech, from us at AltFi


 

All Alt Credit News


Ranger Direct Lending makes further $9.1m provision for Argon Credit

15th December 2017 Daniel Lanyon

More pain for the Ranger portfolio as it nears the 1 year anniversary of its first platform failure.     The £232m Ranger Direct Lending fund has made a further $9.1m provision ...

Credible raises $50m in Australian IPO

7th December 2017 Emily Nicolle

The San Franciscan consumer finance marketplace is making waves abroad.   Credible has raised a total of AUD $67m (USD $50m) in an initial public offering on the Australian Securities Exchange ...

Nationwide is developing a robo-advice platform

6th December 2017 Daniel Lanyon

The largest building society in the world Nationwide is expanding its digital reach.     Nationwide is developing a robo advice platform, enabling it to expand its digital reach to ...

HM Treasury launches £2m fintech competition to solve housing crisis

6th December 2017 Daniel Lanyon

Generation Rent is the target for the challenge to get help younger people onto the housing ladder.   HM Treasury is offering £2m to budding fintech entrepreneurs who can develop an application ...

Exclusive: Funding Circle races past £3bn in origination

4th December 2017 Daniel Lanyon

The firm is increasing its ability to originate loans in quicker and quicker time periods.   Funding Circle has secured its place as the largest UK peer-to-peer lender passing £3bn of ...

Victory Park Capital invests £35m in micro-lender Oakam

4th December 2017 Emily Nicolle

The digital micro-lender has secured a major debt investment from the alternative credit giant.   The £35m debt facility is expected to see Oakam’s lending activity in the UK accelerate ...

Brewin Dolphin plans simplified wealth management offering

1st December 2017 Daniel Lanyon

The wealth manager is looking to serve the broader ‘unadvised’ market.     Brewin Dolphin, a leading wealth manager with £40bn of assets under management (AUM), is ...

Lending Club closes “first-of-its-kind” marketplace lending securitization

1st December 2017 Daniel Lanyon

The US marketplace lending giant has been increasingly looking to institutional investors in 2017.   Lending Club has pooled a group of loans in new $25m ‘pass-through security’, ...

Suggested Reading: Weekend Edition

30th November 2017 Daniel Lanyon

A few choice articles from around the web on fintech, disruption and alternative credit.    Embrace the ‘clever new stuff': reducing the risk of digital disruption Securitisation ...

IFISAs make up 30% of Downing Crowd’s investments

30th November 2017 Daniel Lanyon

Approaching ISA Season, firms are looking to scale up their IFISA propositions as investors turn to inflation beating strategies.      Crowdfunding platform Downing Crowd has seen ...

Wealthtech investment hits record in Q3

30th November 2017 Daniel Lanyon

Despite a fall in deal activity firms raised their highest ever investment levels in the disruptive wealth management market.     Wealthtech companies globally raised $907m-worth ...

P2P Global Investments ramps up dividend outlook

30th November 2017 Daniel Lanyon

In a warmly received market update, PSC Eaglewood has revealed further details about the £800m fund’s future.     P2P Global Investments, the largest alternative credit investment ...

Digital wealth manager launches Christmas giveaway

29th November 2017 Daniel Lanyon

The firm has been growing rapidly in 2017 and scored a partnership with Revolut.     ETFmatic is running a Christmas campaign offering a three months of fee-free investing.   The ...

Banks are “underestimating” fintech threat, warns Bank of England

28th November 2017 Daniel Lanyon

Investment in fintech has reached an all time in recent months.    The UK’s beleaguered big banks' profitability and risk profiles may be under threat to the from disruptive fintech ...

Aircraft investment fund closes £42m placing to fund further A350 acquisition

28th November 2017 Daniel Lanyon

Investors are still looking to the non-bank lending market for income.   Aircraft Leasing investment trust Amedeo Air Four Plus has raised £42m though new share issuance as it looks to ...

Why Millennials are natural customers for robo-advice platforms

28th November 2017 Daniel Lanyon

Younger savers and investors want more advice, financial advice.     More than one in five adults are saving or investing less than they can afford because they cannot access financial ...

Woodford ups stake in private debt fund

28th November 2017 Daniel Lanyon

The fund manager is a keen backer of alternative credit,  fintech and disruptive finance.      Star fund manager Neil Woodford has increased his stake in the £320m HoneyComb ...

Nutmeg and Revolut investor launches new European fund

27th November 2017 Emily Nicolle

The London-based VC firm Balderton Capital is zeroing in on Europe's next big thing.   A leading investor in Series A-stage technology companies, Balderton Capital has closed a total of ...

Business growth and regulation pressures advisers’ hours

27th November 2017 Daniel Lanyon

Increasing regulatory requirements area reason two out of five advisers are working longer hours this year.   Nearly two out of five advisers are working longer hours this year than in 2016 ...

Castle Trust signs £300m loan deal with Lendable

27th November 2017 Daniel Lanyon

One of the fastest growing consumer lending platforms has secured more institutional investment.     Castle Trust Capital has entered into an agreement to invest up to £300m over ...

Suggested Reading: Weekend Edition

24th November 2017 Daniel Lanyon

A few choice articles from around the web on fintech, disruption and alternative credit.      Time for a UK sovereign wealth fund   High yield and US large-cap ETFs suffer ...

Revolut signs up 1m users, plots US/Asia launch

24th November 2017 Daniel Lanyon

The fintech banking platform is looking to further expansion following the milestone.     Banking challenger Revolut has signed up 1m European customers since its launch less than three ...

Ranger Direct lending – moving towards an endgame?

23rd November 2017 David Stevenson

AltFi's David Stevenson reveals where the embattled closed-ended fund may be heading.   Another day, another decline in the share price of London listed fund Ranger. The share price is down ...

Digital wealth manager start-up Fountain secures seed investment

23rd November 2017 Daniel Lanyon

The nascent robo-advice/digital wealth management market has new competition.    Fountain, a digital wealth management platform aiming to “empower” investors to achieve their ...

Budget 2017: Good news for fintech, less good for UK growth

23rd November 2017 Daniel Lanyon

The Chancellor unveiled a trio of good news for financially disruptive firms (and a downgrade to the broader economic outlook).    The Chancellor Phillip Hammond’s third Budget contained ...

Advisers: Robo-advice ‘no threat’

23rd November 2017 Daniel Lanyon

Research by Aegon has found financial advisers are less worried by digital disruption than you might think.     More than three quarters of financial advisers are confident that ...

Funding Circle rolls out ISA to existing customers, anticipates high demand

23rd November 2017 Daniel Lanyon

The platform is looking to offer the Innovative Finance ISA to new customers in the coming months.     The largest P2P lending platform in the UK Funding Circle is next week launching ...

Hermes: Panning for opportunities in private debt

23rd November 2017 Andrew Jackson

Andrew Jackson, Head of Fixed Income at Hermes Investment Management, reveals why the asset manager is bullish on alternative credit.     At the eye of the storm during the financial ...

P2P lender ThinCats launches rebranding effort

22nd November 2017 Emily Nicolle

The alternative finance specialist is making moves to modernise after announcing new funding last month.   As it prepares to ramp up its lending effort, ThinCats gathered over 100 business leaders ...

Fund wins new mandates for direct lending strategies

21st November 2017 Daniel Lanyon

Prestige asset management has opened up its alternative credit portfolios to institutions in the past few years.   Prestige Asset Management has secured a series of new mandates from institutional ...

BNP Paribas Asset Management launches European loan fund, expands private debt team

21st November 2017 Daniel Lanyon

The banking giant’s investment arm has been on strong push into the alternative lending market.     BNP Paribas Asset Management has launched BNP Paribas Flexi III European Senior ...

5 burning questions on Alternative Credit from institutional investors

21st November 2017 Gabriella Kindert

Alternative Credit is a dynamic and rather complex investment category that has been growing rapidly for a number of years. The asset class refers to loans that are negotiated on the private market ...

VPC Specialty Lending fund increases dividend

21st November 2017 Daniel Lanyon

The portfolio has been under transition for the past 12 months or so.     The £343m VPC Specialty Lending fund has seen its dividend pay out for the third quarter of 2017 increase, ...

HoneyComb fund reveals latest dividend

21st November 2017 Daniel Lanyon

The closed-ended fund has had a busy year, raising new cash and seeing its investment manager merge with MW Eaglewood.     The £320m HoneyComb Investment trust will pay a Q3 ...

Pension Bee slashes fees

21st November 2017 Daniel Lanyon

The disruptive online pension manager is cutting its annual fee in half when investors reach the £100k threshold in a bid to attract larger investors.     Pension Bee has cut fees ...

Nutmeg passes £1bn in assets, doubles customers

21st November 2017 Daniel Lanyon

The UK’s first online wealth manager, now manages more than £1bn in investments for UK investors.   Nutmeg has become the first UK digital wealth manager to reach £1bn in ...

UK fintech shrugs off Brexit to set a new funding record

20th November 2017 Daniel Lanyon

Deal sizes are increasing in the UK's disruptive finance space.      The first three quarters of 2017 saw £2.1bn of investment in UK fintech companies, almost double the ...

Is Monzo launching a robo advisor?

20th November 2017 Daniel Lanyon

A new feature ramps up speculation that the bank, highly popular with millenials, could be a conduit for greater take up of digital wealth management.     Is Monzo launching a robo advisor? ...

Robeco launches fintech fund for retail investors

20th November 2017 Daniel Lanyon

A majority of fintechs are in private hands but more and more are eying public market listings.   Asset manager Robeco has launched a new fund targeting listed fintech firms as well as those ...

Suggested Reading: Weekend

17th November 2017 Daniel Lanyon

A few choice articles from around the web on robo-advice, fintech and alternative credit.   The two-tone appeal of London’s high-yield loan funds   ING, a Dutch bank, finds ...

Former Capital One Executive Joins Victory Park Capital as Chief Risk Officer

16th November 2017 Daniel Lanyon

  Victory Park Capital has appointed Troy Jamison as chief risk officer for the firm’s nonbank financial services portfolio.   Jamison is VPC’s first CRO and will oversee ...

Silicon Valley firm launches mass automation tool for UK wealth managers

16th November 2017 Daniel Lanyon

InvestCloud has expanded its digital platform, targeting incumbents and disruptors.   InvestCloud has launched two new products aiming to “democratise” digital wealth management ...

Funding Circle fund hit by US Hurricanes and regulation costs

16th November 2017 Daniel Lanyon

The portfolio has a track record as one of the most consistent performers in the listed alternative credit space.      The £407m Funding Circle SME Income fund’s ...

Princeton update hits Ranger Direct Lending share price

15th November 2017 Daniel Lanyon

The closed-ended fund is embroiled in legal fees in relation to its largest holding.   The £240m Ranger Direct Lending fund has set aside a further 4 per cent of its net asset value [NAV] ...

Lending Club stock plunges to year low despite record origination and revenues

14th November 2017 Daniel Lanyon

The marketplace lending platform’s recovery has taken a hit in recent days.      Lending Club has downgraded its earnings guidance for the last three months of 2017 leading ...

Yields, defaults and Brexit: Hermes’ 2018 outlook for direct lending

14th November 2017 Daniel Lanyon

Patrick Marshall, head of private debt and CLOs  at Hermes Investment Management reveals his thoughts for the nascent market for non-bank lending.     Private Debt in ...

P2P Global Investments fund sees large reduction in US consumer loan exposure

13th November 2017 Daniel Lanyon

The fund has sold the loans in accordance with a new strategy previously indicated to the market.     The £798m P2P Global Investments fund has entered into an agreement to sell ...

SoFi completes largest consumer loan securitization, rolls back asset management ambitions

13th November 2017 Daniel Lanyon

The San Francisco-based alternative lending platform is streamlining plans as it transitions to new management.   SoFi has closed a $727m issuance of its SoFi Consumer Loan Program 2017-6 ...

Amundi adds firepower to private debt platform

9th November 2017 Daniel Lanyon

The firm unveiled big ambitions for its activities in the alternatives space last year.   Asset management giant Amundi has added to its private debt offering with a new real estate  lending ...

Not just for millennials: Partnerships and over 50s lift Scalable Capital to €500m in assets

9th November 2017 Daniel Lanyon

Assets under management have grown fivefold in 10 months, boosted €150m through its ING-DiBa partnership in Germany.     Digital wealth manager Scalable Capital has seen its assets ...

Challenger bank teams up with direct lending fund

7th November 2017 Daniel Lanyon

Partnerships are an increasingly popular trend in the disruptive financial world.     The RM Secured Direct Lending investment trust has signed a Revolving Credit Facility of £10m ...

Fund manager sees strong private debt inflows

6th November 2017 Daniel Lanyon

Investors looking for fixed income alternatives have been increasingly bullish on the non-bank lending market.   Tikehau Capital has seen its assets under management (AUM) swell to €12.6bn ...

3 ways incumbent wealth managers can survive digital disruption

3rd November 2017 Daniel Lanyon

Technology is widely expected to impact every aspect of asset and wealth management but incumbents can improve, says PwC.     Asset managers must stay ahead of technological developments ...

Seeking a safer alternative to cov-lite loans

3rd November 2017 Patrick Marshall

Patrick Marshall, Head of Private Debt & CLOs and Joseph Buckley, Director, at Hermes Investment Management, explain the practical implications of cov-lite deal structures and how they can ...

Innovate Finance announces new Board additions

1st November 2017 Daniel Lanyon

The fintech membership organisation was founded back in 2014 and now has 250 members.     Fintech trade body Innovate Finance has made two new appointments to its Board of Directors.   Justin ...

Alternatives assets such as P2P loans to double in volume by 2025

1st November 2017 Daniel Lanyon

Demand for alternative assets such as private debt has been on a tear in recent years.     Alternative asset classes – in particular, real assets, private equity and private debt ...

Ranger Direct Lending fund mulls bringing in co-manager

1st November 2017 Daniel Lanyon

The investment trust has seen a tricky 2017 and is now looking to diversify its management.      The beleaguered £236m Ranger Direct Lending investment trust is in discussions ...

How AI and machine learning could improve wealth management

31st October 2017 Daniel Lanyon

From robo-advice to chatbots, the much-hyped technology will be revolutionary for finance, claims a new report.   In the past 12 months interest in artificial intelligence (AI) and machine learning ...

Robo advisor Moola gamifies customer acquisition

31st October 2017 Daniel Lanyon

Reaching new clients is one of the biggest challenges for digital wealth managers and robo advice firms.     Digital wealth management platform Moola is offering successful participants ...

Octopus Property launches first commercial term loan product, offering 5.5% yield

31st October 2017 Daniel Lanyon

The platform says it is targeting a £16bn annual market traditionally dominated by UK high street banks and building societies.     Octopus Property has launched a new commercial ...

Hurricanes hit P2P fund portfolio

31st October 2017 Daniel Lanyon

The alternative credit focused fund is undergoing a period of transition away from the US consumer exposure.   The recent onslaught from hurricanes Harvey, Irma, and Maria in the US pushed ...

Nutmeg CEO makes LGBT+ executives list

31st October 2017 Daniel Lanyon

Professional LGBT+ membership organisation OUTstanding has released its annual Executives List.   Martin Stead has been named in OUTStanding’s 2017 LGBT+ Executives List, in recognition ...

VPC fund exits Avant loans and zipMoney stake

31st October 2017 Daniel Lanyon

The investment trust is shifting away from P2P and marketplace loan exposure.   The VPC Specialty Lending investment trust has sold out of its exposure to Avant loans alongside an equity stake ...

Private debt investor strengthens UK Institutional sales team with new hire

31st October 2017 Daniel Lanyon

The firm invests in private debt, mainly in Europe, among other asset classes popular with institutions.   Asset manager Robeco, which invests in private debt among other asset classes, has ...

How incumbent financial advisers are acquiring customers

31st October 2017 Daniel Lanyon

Robo-advice, and a broader digitisation of wealth management, has added to the competition for customer acquisition but incumbents have a seam of clients.     Advisers are increasingly ...

'Exponential change’ to drive assets to $145trn by 2025

30th October 2017 Daniel Lanyon

PwC's latest report is bullish on the growth of asset and wealth management.      Global assets under management (AUM) are set to double in size, reaching $145.4trn by 2025, ...

P2P fund a ‘Buy’, says analyst

30th October 2017 Daniel Lanyon

Numis Securities Ewan Lovett Turner says the fund is looking attractive following a re-rating and securitisation.   The £808m P2P Global Investments trust has re-entered Numis Securities ...

Church of England among institutional investors upping stake in direct lending fund

30th October 2017 Daniel Lanyon

Demand for alternative income assets is rising thanks to low rates and Quantitative Easing.     The Church of England is among the institutional investors upping its stake in the RM ...

Digital wealth managers are fishing in a $80trn market

30th October 2017 Daniel Lanyon

The assets of world’s largest fund managers is at a record high.     Total assets under management (AuM) of the world’s largest 500 managers grew to $81.2trn in 2016, representing ...

Meanwhile in San Francisco, robo advice meets alternative lending

30th October 2017 Daniel Lanyon

Credit Sesame is deploying its  own automated investment advice-style tech to its personal health service.     Personal finance platform Credit Sesame has raised over $42m in ...

Accounting and business banking fintech raises €750k in seed round

23rd October 2017 Emily Nicolle

UK startup Countingup has raised €750,000 led by Frontline Ventures along with private investors to support sole traders.   Uniting business banking and accounting into a single product, ...

Investors don’t understand ‘traditional’ risk labels

22nd October 2017 Daniel Lanyon

Research conducted by YouGov on behalf of digital wealth manager Scalable Capital, has found a worrying trend among investors.   Much has changed ten years on from the global financial crisis ...

American Express expands commitment to online lending with new SME product

21st October 2017 Emily Nicolle

Business Loans represent the latest effort by American Express to boost access to credit for small businesses through digital solutions.   Offering short-term unsecured loans of up to $50,000, ...

Direct lending fund raises £30m

20th October 2017 Daniel Lanyon

The RM Secured Direct Lending fund has a 'strong' pipeline of potential opportunities, according to its managers.   The £59m RM Secured Direct Lending investment trust has raised ...

Adviser Home and Munnypot team up to offer IFAs robo-advice

19th October 2017 Daniel Lanyon

Fintech partnerships are nothing new but are increasing in frequency in the nascent wealthtech space.      Robo-advice firm Munnypot and Adviser Home have teamed up to offer intermediaries ...

The highest yielding part of the market for investors

19th October 2017 Daniel Lanyon

Investors in closed-ended funds looking for high yields will find only two sectors where the average yield is above 6 per cent.     Investment trusts in the Leasing and Debt markets ...

FCA chief updates on fintech and Brexit

19th October 2017 Daniel Lanyon

Andrew Bailey has clarified the UK regulator’s position on financial services innovation and Brexit.      Huge challenges are facing financial services aside from Brexit uncertainty, ...

Mind the GAP in the Lending GAP

18th October 2017 Gabriella Kindert

Where is the value in private debt markets? Where do we stand 10 years after the crisis?   The Lending Gap has been one of the most quoted negative consequences of the financial crisis. Many ...

An untapped seam for digital wealth managers to attract millennial investors

18th October 2017 Daniel Lanyon

Those born in the 1980s and 90s care most about the ethical impact of their investments.     Millenials are twice as likely to back ethical investments in their pensions than older ...

P2P fund raising new cash through Zopa securitisation

17th October 2017 Daniel Lanyon

The P2P Global Investments fund is looking to raise new money as part of a shift in strategy.     The largest investment trust offering exposure to P2P lending is looking to raise new ...

Robo-advice to be bigger than BlackRock, claims report

17th October 2017 Daniel Lanyon

The market for disruptive wealth management has exploded, but could it displace the world’s largest asset manager by 2025?     Assets managed by robo-advice platforms and digital ...

SoFi completes largest loan securitization, cancels banking plans

16th October 2017 Daniel Lanyon

The San Fransisco based alternative lending platform is, despite a scandal, on a tear but won't become a bank.   SoFi has closed a $776.7m securitization of its student loan book, offering ...

Lending platform signs deal with Goldman Sachs

16th October 2017 Daniel Lanyon

The transaction will enable the firm to provide “enhanced offerings”.     Real estate lending platform Genesis Capital has signed an agreement with Goldman Sachs to support ...

Ignoring women: Banking’s £130bn a year own goal?

13th October 2017 Daniel Lanyon

A new report from Kantar claims that Banks and insurers are losing money by not tailoring more to women.     Financial services firms could be missing a £130bn opportunity by not ...

Blockchain and AI boosts fintech investment bounce back, exits increase

12th October 2017 Daniel Lanyon

The City of London and KPMG’s latest research into the sector bodes well.       The global fintech market made a strong rebound in the second quarter of this year, according ...

P2P and marketplace lending securitization ticks up

12th October 2017 Daniel Lanyon

Institutional investors and ratings agencies are becoming more and more involved in the sector.   Investment in P2P and marketplace loans via securitisations grew 7.6 per cent in the three months ...

Consultancy Parker Fitzgerald says fintech makes City Brexit-proof

12th October 2017 Daniel Lanyon

The firm is bullish that post the UK leaving the European Union, financial services can flourish by embracing tech.   London’s financial services industry is safe from an Brexit-exodus ...

McKinsey’s take on the future of wealth management

11th October 2017 Daniel Lanyon

So far, 2017 has been a big one for ‘wealthtech’ firms and while the market remains small in comparison to incumbents that could be about to change.       Investors ...

Brexit, the financial crisis and deja vu

11th October 2017 Pietro Nicholls

The financial health of the U.K. consumer - the alarm bells are ringing but can anybody hear them?     Prior to the Brexit vote Nick Clegg, (see #MysticClegg) wrote what the aftermath ...

Renaud Laplanche reveals fintech predictions

10th October 2017 Daniel Lanyon

The ex-Lending Club chief is back with a new firm and some bullish predictions.      You can't blame Renaud Laplanche for taking a fairly low profile over the past 18 months. ...

Non-bank lending eyes $1trn market

9th October 2017 Daniel Lanyon

You would have to be living on the financial moon to not have seen the explosive growth of Alternative Credit in recent years.     Non-bank lending is set to reach more than $1trn in ...

Fintech banking disruption is gaining pace

6th October 2017 Daniel Lanyon

A new report paints European banking at a crossroads of digital disruption. ​     Big banks need to respond to rapidly changing customer preferences, digital interfaces and platform ...

IFA firm plots fintech course

5th October 2017 Daniel Lanyon

One of the world’s largest independent financial services organisations has added an investment app to its growing fintech proposition.   The deVere Group has launched deVere Investment, ...

Robo-advice platform passes $1bn of assets

5th October 2017 Daniel Lanyon

US-based robo advice firm Blooom has passed more than $1 billion in assets under management.   The firm, launched in2013, aims to help investors navigate the enormous 401(k) market or comparable ...

Aviva buys majority stake in robo-advice platform Wealthify

5th October 2017 Daniel Lanyon

The Cardiff-based firm, fresh from the AltFi WealthTech Summit, will be looking to ramp up its plans to 'democratise' finance.    Financial giant Aviva has bought a majority stake ...

Is the hybrid model the future for robo-advice and digital wealth management?

4th October 2017 Daniel Lanyon

As WealthTech firms look to scale up to profitability, some are turning to a mixture of traditional human advice alongside automation.     Hybrid advice models combining digital tools ...

Nutmeg sees losses widen as it plots growth strategy

4th October 2017 Daniel Lanyon

Digital wealth management is scaling fast but costs remain high for disruptors.     Nutmeg, the largest disruptive firm in the wealth management market in the UK has seen losses widen ...

One Man’s View on The Future of Wealth Management

3rd October 2017 Charles Tan

Global Alternatives' Charles Tan reveals why the 'wealthtech' could be the next big thing.   Any analysis or prognostication of trends in the Wealth Management industry would not ...

Apple, Google & Facebook: The big threat for wealthtech?

2nd October 2017 Daniel Lanyon

Today’s titans of the tech industry may be the big banks of the future.     With digital disruption the dominant trend for the wealth management industry this year, one key debate ...

Profits and revenue soar for P2P platform

29th September 2017 Daniel Lanyon

Lendy has had a rapid few years of growth and a ramp up in its marketing efforts.     P2P property platform Lendy has reported profits rising 164 per cent with turnover up 104 per cent ...

Face value: Could the iphone X facial recognition tech revolutionise credit underwriting?

27th September 2017 Daniel Lanyon

The launch of the new pricey Apple handset has ushered in a new era of technology, experts believe.     The tech community is abuzz with excitement and perhaps a little latent schadenfreude ...

Ranger Direct Lending fund expecting substantial dividend cut

27th September 2017 Daniel Lanyon

The closed-ended investment trust has seen a tricky 2017 with legal fees and cash drag now hitting income payouts.   The £220m Ranger Direct Lending fund could see its dividend pay-out ...

Are you WealthTech?

27th September 2017 Daniel Tammas-Hastings

Ahead of the inaugural AltFi WealthTech Summit 2017 , on 3rd October, Risk-Save’s Daniel Tammas-Hastings takes a look at just what the term WealthTech actually means.     WealthTech ...

All aboard the fintech Brexit bus

25th September 2017 Daniel Lanyon

Notorious for its controversial £350m tagline, the Vote Leave campaign bus has a new lease of life promoting fintech firm Monese.   Banking start-up app Monese has some new wheels to help ...

BNP Paribas Asset Management is upping its private debt game

25th September 2017 Daniel Lanyon

The firm has been investing more and more fire power in lending to European corporates of late.     The asset management arm of BNP Paribas has announced a successful close of a private ...

Why demand for alternatives is increasing from investors

25th September 2017 Meghan McAlpine

A survey of LPs reveals trends in investments to alternatives and dissatisfaction with transparency.   It’s no surprise that alternative investments remain a key component in investors’ ...

Against the odds, businesses are embracing fintech

25th September 2017 Daniel Lanyon

A recent survey found a high number of firms are adopting innovative solutions to traditional banking issues.      Nearly two-thirds of UK businesses – 65 per cent - are regularly ...

Prosper Announces $50m Series G Investment

24th September 2017 Daniel Lanyon

The firm has appeared to have shifted 'back on track' this year ahead of the new cash raise.      Prosper has secured a $50m investment from a fund co-managed by FinEX Asia. ...

Crowdfunding, porn and disruption

21st September 2017 Daniel Lanyon

The technology of raising capital from the crowd has moved from industry to industry this year.     Crowfunding  and alternative finance was recently likened to ‘having a ...

LendingPoint secures up to $500m credit facility

20th September 2017 Moriah Costa

  The online lender will use the funds to expand its services across the US.     Consumer lender LendingPoint has closed a $500m credit facility through Guggenheim Securities, ...

Wealthsimple launches in the UK

19th September 2017 Daniel Lanyon

The Canadian market leader is eyeing to be the first 'global' robo-advice service.     Wealthsimple, a market leading digital wealth manager in Canada and North America, has ...

MW Eaglewood merges with Pollen Street

18th September 2017 Daniel Lanyon

The new entity will now include a stable of two alternative credit investment trusts.     A proposed merger between MW Eaglewood and Pollen Street Capital completed on Friday 15 September, ...

How fintech will disrupt the ETF market

15th September 2017 Daniel Lanyon

Change is coming for the passive industry, a new survey has found.   Firms offering exchange traded funds [ETFs] need to rapidly evolve to counter a growing threat from fintech, according ...

Scalable Capital and ING launch partnership

15th September 2017 Daniel Lanyon

The bank’s German arm ING-DiBa tie up with the online wealth manager heralds the potential for further European expansion in the ING Group.     ING-DiBa is expanding its retail ...

Is an M&A boom imminent for UK fintech?

15th September 2017 Harry Holmes

European fintech companies, particularly in the UK, are set for a wave of acquisition according to industry experts.   The first half of 2017 has seen a boost for global fintech after a stuttering ...

Betterment Partners with BlackRock and Goldman Sachs Asset Management

14th September 2017 Daniel Lanyon

The partnership will expand portfolio options aimed at increased personalisation.     Betterment, the largest independent online investment advisor, will offer two new portfolio strategies ...

Monzo puts fees to customer vote

13th September 2017 Harry Holmes

Monzo has launched a customer poll to determine the future cost of foreign ATM fees.   The rising cost of foreign ATM fees is forcing Monzo to end its policy of free withdrawals. Global point-of-sale ...

P2P Global Investments fund looks to Europe over the US

13th September 2017 Daniel Lanyon

The alternative credit focused fund is undergoing a period of transition in both asset mix and geography.​     The £806m P2P Global Investments fund is pivoting more and ...

Zorin Finance expands senior team

13th September 2017 Harry Holmes

Benoit Vanpoperinghe and Richard Gosden have joined Zorin Finance’s senior team.   Benoit Vanpoperinghe joins Zorin Finance, the alternative property lending specialist, as Chief Operating ...

Goldman Sachs buys $300m of non-bank loans

13th September 2017 Daniel Lanyon

The bank has been on a tear with acquisitions and investments into fintech and non-bank loans.      Goldman Sachs Bank will purchase $300m in home solar loans originated by ...

Starling Bank launches fintech marketplace

12th September 2017 Harry Holmes

Mobile-only bank Starling has launched a marketplace for financial products.     The newly launched Starling Marketplace, available through the app, will enable customers to browse products ...

Europe v US: For direct lenders, where is the relative value?

12th September 2017 Patrick Marshall

Direct lending is a promising market in Europe, but does it offer better opportunities than its more-established US counterpart? Patrick Marshall, Head of Private Debt & CLOs at Hermes Investment Management, ...

Divorce prompts more women to seek financial advice

12th September 2017 Harry Holmes

More women are seeking financial advice however there remains a lack of gender diversity among advisors.   Financial advisers are seeing growing demand for advice from women owing to increased ...

The People’s Trust partners with crowdfunding platform SyndicateRoom for £125m IPO

12th September 2017 Daniel Lanyon

Daniel Godfrey's much anticipated launch will now include the equity crowdfunding platform.     Online investment platform SyndicateRoom tgiving its members the opportunity ...

SoFi CEO Mike Cagney to step down

12th September 2017 Daniel Lanyon

The news follows the lending platform launching its own investigation in anticipation of further sexual harrasment allegations.     SoFi has today announced that its co-founder ...

European Investment Fund invests €20m in Irish SMEs

11th September 2017 Daniel Lanyon

The new cash will be a boon for the Irish early stage tech industry.    The European Investment Fund (EIF), with the support of InnovFin Equity and COSME, is investing €20m ...

Alternative assets industry hits record size in 2016

11th September 2017 Daniel Lanyon

The latest numbers from data provider Preqin point to a swelling demand from investors.     The alternative assets industry reached a record $7.8tn in assets under management in 2016, ...

Institutional investors eying up commercial real estate hike

8th September 2017 Daniel Lanyon

A large number of giant portfolios are increasing attracted despite the Brexit uncertainty.     Two in five (40 per cent) institutional investors plan to increase their investment allocation ...

BNP Paribas Asset Management snaps up stake in robo advice firm

7th September 2017 Daniel Lanyon

The banking giant joins the likes of BlackRock and Schroders who have also recently bought large stakes in digital wealth management firms.     BNP Paribas Asset Management has acquired ...

Amundi hires new private debt chief

6th September 2017 Daniel Lanyon

The asset management firm last year unveiled big ambitions for its alternatives business, including a push into alternative credit and other illiquid markets.     Asset management giant ...

The P2P platform ‘dominating’ the Innovative Finance ISA (for now)

5th September 2017 Daniel Lanyon

  UK peer-to-peer platform Abundance was the largest provider of Innovative Finance ISAs in the 2016/17 tax year.   The firm has focus on 'ethical' investment opportunities including ...

Neil Woodford ups stake in crowdfunding platform Seedrs

5th September 2017 Daniel Lanyon

The fund manager has made a follow on investment to fund a push by Seedrs into AI and machine learning.     Seedrs has seen its value increase to £40m following on from a new funding ...

Victory Park fund sees first dividend growth for 18 months

4th September 2017 Daniel Lanyon

The portfolio is under transition away from peer-to-peer lending exposure towards ‘balance sheet’ loans.     The  £343m VPC Specialty Lending fund has increased ...

Why are UK start-ups not scaling up and what can be done about it during Brexit?

4th September 2017 Daniel Lanyon

London and the wider United Kingdom has a reputation for innovation and fundraising but policy makers are scratching their heads as why to this doesn’t more often lead to growth.      Entrepreneurs ...

2,000 Innovative Finance ISAs opened in first year, raising £17m

4th September 2017 Daniel Lanyon

Investors also moved vast sums out of Cash ISAs over the same period as inflation increased in the wake of Brexit.     Investors opened 2,000 accounts in the first 12 months of the Innovative ...

Robo advice firm reaches $5bn of assets after strong growth and demand from the rich

4th September 2017 Daniel Lanyon

Another US firm aiming to disrupt the traditional wealth management market is on tear.     Hybrid digital wealth managemer Personal Capital now has $5 billion in ...

Funding Circle fund chairman lands new NED role

1st September 2017 Daniel Lanyon

Richard Boleat will be chairman of an investment trust besieged by an activist investor,  familiar to Ranger Direct Lending fund investors.     Richard Boleat, chairman of the Funding ...

Credibly partners with BizFi

31st August 2017 Daniel Lanyon

The fintech lender has also reached a milestone separate from the deal.   US-based fintech platform Credibly is now servicing BizFi's $250m portfolio and 5,200 merchants and has ...

Robo advice firm reaches $5bn of assets after strong growth and demand from the rich

30th August 2017 Daniel Lanyon

Another US firm aiming to disrupt the traditional wealth management market is on tear.     Hybrid digital wealth manager Personal Capital now has $5 billion in assets ...

Is the UK losing out while Europe’s fintech gets a Brexit boost?

30th August 2017 Daniel Lanyon

Research from CB Insights suggests markets such as France and Sweden have seen growth in their share of fintech deals.      In the past three or four years fintech has gone from ...

Fund manager wins £90m EU-backed private debt mandate

30th August 2017 Daniel Lanyon

Maven Capital Partners will be investing its new war chest across the West Midlands and East & South East Midlands regions.     Maven Capital Partners has been appointed to manage ...

Direct Lending fund increases renewable energy exposure

30th August 2017 Daniel Lanyon

More than nine months on from its launch, the RM Secured Direct Lending has deployed nearly £50m of loans.     The RM Secured Direct Lending fund has lent £3m in secured ...

ThinCats anticipating “significant” IFISA demand ahead of launch

29th August 2017 Daniel Lanyon

The platform announced that it had received full FCA authorisation earlier this month and has been getting to work on its IFISA launch.   UK peer-to-peer lending platform ThinCats is poised ...

SoFi sees consumer loans growth

29th August 2017 Daniel Lanyon

The lender’s Personal Loans channel has facillated more than $5bn of credit card debt refinancing.     US marketplace lending giant SoFi has reached a milestone with more than ...

Activist investor increases stake in Ranger Direct Lending fund

15th August 2017 Daniel Lanyon

The portfolio has come under pressure in 2017, recently seeing its largest shareholder reduce its stake.     The LIM Asia Special Situations Master Fund has increased its stake in the £243m ...

Monzo lands Curve co-founder as new COO

14th August 2017 Daniel Lanyon

The challenger bank is gearing up for growth and the rolling out of its current accounts in the second half of 2017.     Tom Foster-Carter (pictured), Co-Founder of fintech spending ...

The 10 largest P2P and marketplace lending deals of Q2 2017

14th August 2017 Daniel Lanyon

Growing interest in the asset class from institutional investors for both debt and equity in fintech lending platforms has been a strong feature of recent years.     The second quarter ...

Invesco sells £9.6m Ranger Direct Lending fund stake

11th August 2017 Daniel Lanyon

The closed-ended fund has had a turbulent time in recent months.     Invesco Perpetual, the asset management giant, has been trimming its exposure to the £243m Ranger Direct Lending ...

What will Roboadvice Mark 2 look like?

11th August 2017 David Stevenson

AltFi's David Stevenson (pictured) explores how the fast moving world of online and automated wealth management may develop in the coming years.     A couple of weeks back I sat ...

Octopus Choice launches IFISA amid “impressive demand”

9th August 2017 Daniel Lanyon

The firm is aiming to target financial advisers interested in the tax-efficient wrapper for P2P lending.      Octopus Choice, the peer-to-peer (P2P) lending arm of Octopus Investments, ...

Hermes: Origination is key to success in direct lending

8th August 2017 Patrick Marshall

Since the financial crisis, changing regulation and a more conservative risk environment mean that banks have been reluctant to make loans of the size that they did prior to the crash in 2008. As a result, ...

ThinCats gains full FCA authorisation, plots IFISA launch

8th August 2017 Daniel Lanyon

ThinCats has become the latest fintech lending firm to be granted full authorisation by the Financial Conduct Authority. This, the firm says, highlights the developing the alternative finance industry ...

Is Lending Club back on track?

8th August 2017 Daniel Lanyon

The largest marketplace and P2P lending platform has reported improving numbers for Q2 of 2017.     Lending Club has seen a pick up in business in the second quarter of 2017, providing ...

Should robo-advisors be targeting this demographic shrugging off Brexit?

8th August 2017 Daniel Lanyon

New research commissioned by Investec’s low-cost online platform investment platform Click & Invest, suggests ‘resetting’ could be the next big thing.     An ...

Tandem plots new growth strategy buying Harrods Bank

7th August 2017 Daniel Lanyon

The firm is hoping the acquisition will accelerate its growth plans.   Online banking challenger Tandem has signed an agreement to acquire the banking arm of luxury retailer Harrods.   The ...

The institutional investor selling down its stake in VPC Specialty Lending

7th August 2017 Daniel Lanyon

One of the largest backers of the alternative credit investment trust at its launch appears to be quietly reducing its stake.     Old Mutual, a sigificant shareholder in the £351m ...

Ranger Direct Lending fund's woes continue

7th August 2017 Daniel Lanyon

The closed-ended investment trust has seen a testing 2017 with legal fees and cash drag weigh on Ranger Direct Lending.     The £240m Ranger Direct Lending fund was announced ...

Fintech lender backed by Ron Suber and Michael Burry reveals latest partnership

4th August 2017 Daniel Lanyon

PeerStreet is integrating with Personal Capital so the firm’s customers will now be able to see their investments across platforms.     Real estate lending platform PeerStreet ...

Robo advice essay wins top scholarship award

2nd August 2017 Daniel Lanyon

The CISI Educational Trust has awarded its annual prize to an essay comparing and contrasting automated and human financial advice.      Ben Manser of Coutts Crown Dependencies, ...

FS Investments promotes CIO Mike Kelly to president

27th July 2017 Daniel Lanyon

The Philidephia-based firm has seen strong growth in recent years, thanks to its private debt business amongst other things.     Alternative asset manager FS Investments has promoted ...

Goldman Sachs follows Marcus with new online lending strategy

27th July 2017 Daniel Lanyon

The Wall Street giant is plotting a new way to the mass affluent lending market.      Just one year on from the launch of Marcus, an online lending portal, Goldman Sachs is set ...

Assetz Capital launches partnership to expand lender base

27th July 2017 Daniel Lanyon

The firm is joining Bud’s marketplace, following the likes of Ratesetter, Landbay and Zopa.   Assetz Capital is partnering with financial account aggregator Bud, following a host of other ...

UK fintech funding jumps 37% led by Funding Circle, Zopa, Monzo

26th July 2017 Daniel Lanyon

Following Brexit uncertainty, investors' money is flowing back to unlisted fintech firms in the UK.     The United Kingdom attracted £432m ($564m) of new venture capital investment ...

P2P fund holds steady on dividend

26th July 2017 Daniel Lanyon

Several factors have boosted the largest Alternative Credit investment trust's performance in 2017.     Onerous banking regulations will continue to hamper growth in regulatory capital‐intensive ...

New US fintech firm follows SoFi by applying for banking charter

25th July 2017 Daniel Lanyon

The move follows on from last month's news from SoFi as well as statements from the Trump administration hinting at regulatory support for fintechs moving into 'traditional' banking.     US-based ...

P2P lending platforms poised to join Nutmeg and Seedrs on Fidor marketplace

24th July 2017 Daniel Lanyon

Fidor Bank is poised to offer access to more niches including fintech lending/investment platforms.     Partnerships between the many and various different companies in the many and ...

Wealthtech scores record number of deals in Q2 2017

24th July 2017 Daniel Lanyon

The market for disruptive wealth management is booming if these numbers are anything to go by.     The wealth management market is under enormous change with tiny start-ups, employing ...

Is Brexit keeping you up at night?

24th July 2017 Daniel Lanyon

Business leaders are most concerned with prioritising trade in Brexit negotiations over access to EU workers.      ·An uncertain economic environment is troubling entrepreneurs ...

Alternatives funds dominate investment trust launches

19th July 2017 Daniel Lanyon

A search for yield has been one of the main drivers in the growth of the sector.      In total 77 investments trusts, closed ended funds that are listed on the London Stock Exchange, ...

Chinese wealthtech disruptor Lufax expands overseas

18th July 2017 Daniel Lanyon

Investors in the fintech unicorn may be anticipating the move brings its long anticipated IPO a step closer.     Lufax will open its first overseas base in Singapore as the giant of ...

The unstoppable rise of Alternative Credit

17th July 2017 Daniel Lanyon

Total global alternative assets under management swells to almost $6.5 trn.     The world’s largest 100 alternative asset managers saw assets under management increase by 10 per ...

Activist investor increases stake in Ranger Direct Lending fund

17th July 2017 Daniel Lanyon

The closed-ended fund has had a testing 2017 so far due to a platform collapse related to its largest holding.      The LIM Asia Special Situations Master Fund has increased its ...

UK fintech shrugging off Brexit in 3 charts

17th July 2017 Daniel Lanyon

Research from Fintech Global suggests 2017 is set to be a record year for financial technology firms in the UK thanks in part to Zopa.     While the unfolding Brexit process has added ...

FundingKnight gets FCA authorisation

16th July 2017 Moriah Costa

  The specialised peer-to-peer marketplace lender was given full authorisation from the Financial Conduct Authority.     GLI Finance’s P2P lender, FundingKnight, was granted ...

Fintech is going mainstream

14th July 2017 Moriah Costa

Consumers are quickly adapting to financial technology, according to the EY Fintech Adoption Index.   The latest apps and gadgets aren’t just for millennials.   Nearly two-thirds ...

UK peer-to-peer loans score AAA securitization

14th July 2017 Daniel Lanyon

Landbay originated loans have been included in a highly rated pool of mortgages.      More than £30m of loans originated by UK peer-to-peer platform Landbay have been included ...

Fintech lender MarketInvoice looks to build on success of new product

14th July 2017 Ryan Weeks

MarketInvoice boosts funding lines by accepting Euro and Dollar-based invoices as security.   MarketInvoice, a pioneer in the selective invoice finance space, is looking to build on the momentum ...

Alternative Credit funds drive record cash raise

13th July 2017 Daniel Lanyon

Investment trusts are thriving, driven in large part due to rising demand for fixed income alternatives.     Assets in investment trusts have hit an all time high thanks in part to a ...

SMEs are feeling a Brexit ‘epidemic’

12th July 2017 Daniel Lanyon

Late payments could be set to hurt exports according to research from Crossflow Payments.     More than a third of small and medium-sized UK businesses are lacking contracted payment ...

Pension fund demand drives private debt platform launch

11th July 2017 Daniel Lanyon

Simcorp has announced the introduction of private debt into the latest version of its investment platform.     SimCorp, a provider of investment management solutions to the ...

City optimism plummets but activity and profits hold up

11th July 2017 Daniel Lanyon

A survey from PWC and the CBI finds firms are investing but concerned over the outlook for global markets.     Sentiment in the financial services sector deteriorated in the three ...

P2P and marketplace lending securitization enters the mainstream after strong growth

11th July 2017 Daniel Lanyon

The increasing size of quarterly issuance alongside involvement from a larger group of ratings agencies suggests institutions are more and more bullish on the asset class.      The ...

Financial robots may not be as popular as companies think

11th July 2017 Moriah Costa

Survey finds that when it comes to automated technology, financial consumers still prefer a real person.     That robot might not take your job after all.   A ...

Victory Park Capital CEO buys £60k of fund's stock

10th July 2017 Daniel Lanyon

The head of the VPC Specialty Lending investment trust has made the vote of confidence in its turnaround.      Richard Levy, a director of the £351m VPC Specialty Lending ...

Oversubscribed tech fund hard closes at €400m

10th July 2017 Daniel Lanyon

Partech Ventures is looking to tech opportunities in Europe where it is particularly bullish.      The Partech International Ventures VII fund has been hard closed at €400m ...

Lending Club appoints AI guru to board

7th July 2017 Daniel Lanyon

The US-based giant in the marketplace lending world has been undergoing a radical overhaul in the past 12 months.     America's largest online marketplace lender has appointed Kenneth ...

7 questions investors should ask before signing up with a robo-advisor

7th July 2017 Daniel Lanyon

Robin Wiessmann, from the Pennsylvania Department of Banking and Securities, reveals a handy checklist for investors considering robo advisors.       The US robo advice market is ...

Goldman Sachs backs $600m alternative credit fund

7th July 2017 Moriah Costa

The deal is New York-based MidOcean Credit Partners latest foray into collateralized loan obligations.   Goldman Sachs lead the closing of a $600m alternative credit deal for MidOcean Credit ...

Pemberton launches new direct lending fund

7th July 2017 Daniel Lanyon

The Alternative Credit asset manager, backed by one of Europe’s largest insurers, Legal & General Group PLC, is seeing strong demand from European mid-market corporates for non-bank lending. ...

Forget Bitcoin, the first blockchain transaction completes in fund management

6th July 2017 Daniel Lanyon

Natixis Asset Management reveals its use of the much-hyped Distributed Ledger Technology.     Investors are now purchasing shares in Natixis AM’s funds through its blockchain-powered ...

Burford Capital closes new $500m litigation finance fund

5th July 2017 Daniel Lanyon

The highly successful investment manager has a new strategy and plenty of investor demand.     Burford Capital has closed a new $500m fund to invest in litigation-related complex strategies.   The ...

Reflection on 1H2017: Key Trends in the World of Modern Finance

5th July 2017 Gabriella Kindert

NN Investment Partners' head of alternative credit Gabriella Kindert reveals the hot fintech trends of 2017 so far.   The first week of July is a great time to go on a holiday. But before ...

MarketInvoice sees record-breaking Q2

5th July 2017 Daniel Lanyon

The firm is making a habit of breaking records in 2017, beating its Q1 volume growth.      Invoice funder MarketInvoice has clocked up its best quarter in the three months to end ...

IG chief welcomes FCA Asset Management Market Study ahead of robo advice push

5th July 2017 Daniel Lanyon

The head of one of the latest entrants to the disruptive wealth management space lends support to the UK financial regulator’s landmark report.     Greater transparency on fund ...

Advisers ‘fear’ robo advice

4th July 2017 Daniel Lanyon

The ever increasing buzz around digital wealth managers such as Nutmeg and Scalable Capital has financial advisors concerned.    Robo advice and large product providers going direct to ...

VPC Specialty Lending fund sees income growth but NAV hit

4th July 2017 Daniel Lanyon

The second largest listed UK fund specialising investing in online lending is aiming to restore market confidence.     The £350m VPC Specialty Lending fund saw a fall in its net ...

Challenger banks are chasing down incumbents

4th July 2017 Daniel Lanyon

Disruptive names as Metro Bank have shot up world rankings amidst a difficult UK banking market.      UK challenger banks are shooting up the banking league tables, according to ...

Canadian robo advisor Wealthsimple announces UK launch date

23rd June 2017 Daniel Lanyon

The firm is looking to expand its reach amid a surge in popularity for online wealth management in the UK.     Canadian digital investing service Wealthsimple, which has more than ...

Robo-advice and AI vital to boosting millennial pensions and ‘avoiding catastrophe’

22nd June 2017 Daniel Lanyon

Evalue’s Mark Grimes reveals how disruptive wealth management technology could be key to nudging younger investors into better pension provision.     Recent polling by YouGov revealed ...

Blockchain leads the way for new FCA Sandbox start-ups

21st June 2017 Daniel Lanyon

The next cohort of firms has been announced by the UK financial regulator, led by those looking to exploit the technology.     The Financial Conduct Authority (the FCA) has unveiled ...

Listed Alternative Credit most popular Q1 sector with financial advisors and wealth managers

21st June 2017 Daniel Lanyon

Intermediary investors increasingly looked to fixed income alternatives as the 'Brexit effect' began to be felt and Trumponomics faded.     The most popular area of the market ...

THL Credit Raises $511m Alternative Credit fund amidst “global search for yield”

20th June 2017 Daniel Lanyon

The alternative asset manager has now closed $6.5bn worth of CLOs for investors looking for fixed income alternatives.     THL Credit Advisors has closed on a new $511m collateralized ...

BlackRock takes €30m minority stake in Scalable Capital

20th June 2017 Daniel Lanyon

The investment will fund the firm’s growth ambitions, particularly towards corporates and institutions.    Scalable Capital has completed a €30m funding round, ...

Investec Wealth launches ‘robo advice’ platform offering active management

20th June 2017 Daniel Lanyon

The asset management giant is aiming to entice investors with as little as £10,000 to invest.   Investec Wealth & Investment has launched a new online investment platform called ...

VPC Specialty Lending fund extends share buyback programme

20th June 2017 Daniel Lanyon

The closed-ended fund will continue to put cash towards closing its discount.     The £354m VPC Specialty Lending investment will continue with its share buyback programme until ...

Direct lending investment trust announces maiden dividend

19th June 2017 Daniel Lanyon

The RM Secured Direct Lending fund launched back in December and is now paying out.     RM Secured Direct Lending fund has declared its maiden dividend of 0.2p per share.   The ...

Bad debt spiking owing to election and Brexit, report suggests

19th June 2017 Daniel Lanyon

New research from TDX Group makes the case for rising concern of 'bad' consumer debt levels.     More that a quarter (28 per cent) of UK consumers fear they may not be able to ...

Funding Circle SME Income fund holds steady on dividend

19th June 2017 Daniel Lanyon

The portfolio has issued its fifth dividend, keeping the fund in line with its stated target income.      The £406m Funding Circle SME Income fund has paid out its fifth dividend, ...

Zopa launches IFISA ahead of “incredible interest”

16th June 2017 Daniel Lanyon

The first ever peer-to-peer lender has opened its doors to investors seeking tax-wrapped income from the platform.     Investors can now make use of Zopa’s P2P lending in the Innovative ...

Star fund manager Neil Woodford ups stake in Alternative Credit fund

16th June 2017 Daniel Lanyon

Woodford's exposure to non-bank lending has increased following  the latest fund raise for Honeycomb.      Neil Woodford has increased his stake in the £300m Honeycomb ...

Wealth managers’ alternatives exposure reaches record high in 2017

15th June 2017 Daniel Lanyon

The 7IM team says low bond yields, political turmoil and hunt for defensive strategies that don’t travel in same direction as the mainstream.     Seven Investment Management (7IM) has ...

Private debt fund manager Certior Capital plots growth with new senior investment hire

15th June 2017 Daniel Lanyon

The firm is looking to build out its European footprint and expand its team further still.   Certior Capital, the Helsinki-based private markets manager, has recently expanded its senior ...

Ranger Direct Lending fund updates on loan write-off

15th June 2017 Daniel Lanyon

The closed-ended fund started the year with an upset to its portfolio following a platform collapse relating to its largest holding.      Investors in the £250m Ranger Direct ...

Fintech lender SoFi follows Zopa on millennial banking path

14th June 2017 Daniel Lanyon

The US-based leader in the marketplace lending market also wants to offer checking accounts under its new SoFi Bank brand.     Alternative lender SoFi is plotting the launch checking ...

Fintech lender Credit Peers secures £45m credit line

13th June 2017 Daniel Lanyon

Following the February launch of its new lending platform, the firm has raised more fire power for its property backed loans.   Credit Peers, a UK-based secured property lending platform has ...

Will Brexit mean London loses its 'fintech capital' crown?

13th June 2017 Daniel Lanyon

A financial centre for thousands of years, London's existing strength in disruptive financial technologies such as blockchain, robo advice and P2P lending faces a number of challenges.      The ...

Leading BDC closes $1.4bn of middle market lending in Q1

12th June 2017 Daniel Lanyon

The Philadelphia-based Alternative Credit manager is seeing a ramp up in demand for its loans.    Alternative asset manager FS Investments has seen strong growth in origination  in ...

Two institutional investors increasing stakes in Funding Circle and Honeycomb investment trusts

12th June 2017 Daniel Lanyon

While the asset class has broadened out into many niches, demand remains high for new issuances.      A confluence of factors in the post financial crisis era prompted the rise ...

Sovereign wealth funds ramp up private debt investment

12th June 2017 Daniel Lanyon

The non-bank lending asset class is becoming increasingly of interest for these investors.      Gargantuan sovereign wealth portfolios are increasingly turning to private debt exposure ...

Robo-advice News Wrap – Monday 12 June

12th June 2017 David Tuckwell

Robo-advice news from around the world, summarised daily.   HSBC’s robo-advice launch last week made international headlines. But using technology to bridge the “advice gap” ...

Why should businesses think about alternative finance over a traditional lender or bank?

8th June 2017 Damon Walford

Damon Walford, Chief Development Officer at alternative lending industry pioneers, ThinCats, shares his thoughts on the merits of alternative finance.     According to Altfi’s ...

P2P lender lands Cowes Week sponsorship deal

8th June 2017 Daniel Lanyon

Fintech continues its onward march on traditional finance with a one of the largest platforms moving in on territory once held by fund managers.      Lendy has signed a three-year ...

Robo-advice News Wrap - Thursday 8 June

8th June 2017 David Tuckwell

Singaporean central bank invites consultation on robo. Thameside Financial Planning uses robo-advice to lure millennials from rich families. Robo-advice guru says face-to-face mortgage brokers will ...

P2P lender Zopa opens EU base to power bank launch

7th June 2017 Daniel Lanyon

The firm has chosen Barcelona as the location for its new technology hub.     Zopa is planning to open a development centre in Barcelona, its first major base outside of the UK, to support ...

Financial advisors are turning to robo advice

5th June 2017 Moriah Costa

Some independent financial advisors are using automated wealth management services to complement their business models.   Robo advice isn’t just for start-ups and millennials. Traditional ...

Woodford and other fintech bulls fund new £160m Brexit tech war chest

5th June 2017 Daniel Lanyon

A leading venture capital firm has completed new  round of fund raising to take advantage of European-wide opportunities across the technology sector.     Draper Esprit has raised ...

Sancus Finance launches new funding platform

5th June 2017 Daniel Lanyon

The firm has launched a new site designed to showcase funding opportunities in a more simplified and user-friendly format.     Sancus Finance has launched a new lending platform matching ...

Why investors may wish to consider ABS

2nd June 2017 Calvin Davies

The Floating Rate nature of high quality European Asset Backed Securities is attracting increasing interest from investors concerned about the potential impact of any “normalisation” of interest ...

BNP Paribas Asset Management launches private debt unit

2nd June 2017 Daniel Lanyon

The banking giant’s investment arm is looking to capitalise on the fast growing Alternative Credit market.     BNP Paribas Asset Management has created a dedicated Private Debt ...

LendInvest Capital's flagship private debt fund reaches £100m despite Brexit uncertainty

1st June 2017 Daniel Lanyon

The fintech lending firm has seen a strong run of late with a boost in investment and revenues.    The on-going low-yielding interest rate environment is driving demand for private debt ...

How robo advice fees compare to multi-asset funds

1st June 2017 Moriah Costa

This story originally appeared on Robo Advice News, a new AltFi site dedicated to covering the growing digital wealth management sector.  Will robo advice spark a price war? We crunched the numbers ...

HSBC targets millennials in robo advice roll out

1st June 2017 Daniel Lanyon

The banking giant is courting investors with much lower cash pots, as it launches into the robo advice space.     HSBC is poised to launch its own automated online wealth management ...

Honeycomb raises full £105m in new heavily oversubscribed cash raise

31st May 2017 Daniel Lanyon

The closed-ended fund launched its latest cash raise just last week but has already seen high demand.     The £222m Honeycomb investment trust has raised its full fundraising allocation, ...

Victory Park Capital fund toughens fees, exits Funding Circle US loans

31st May 2017 Daniel Lanyon

The closed-ended portfolio has seen testing returns in the past year amid a shift in investment strategy.     The board of the £358m VPC Specialty Lending Investments fund is introducing ...

Honeycomb investment trust looks to raise new cash

30th May 2017 Daniel Lanyon

The Alternative Credit specialist fund has announced a new share issuance programme, just days after its tie-up with MW Eaglewood.     The £200m Honeycomb investment trust is looking ...

US investors increase exposure for high yielding direct lending

30th May 2017 Daniel Lanyon

The appetite for direct lending in the US has grown steadily in recent years, and assets in the sector have now reached almost $100bn.       US investor interest in direct ...

UK fintech shrugs off Brexit, trumps Germany

30th May 2017 Daniel Lanyon

Research from Fintech Global shows that despite the Brexit vote investors continue to commit more capital to UK fintech companies.      Since the Brexit result many years of uncertainty ...

PayU and iwoca launch SME partnership in Poland

24th May 2017 Moriah Costa

Financing for small and medium-sized firms in Poland just got easier thanks to lending firm iwoca and lending payment provider PayU.       Lending firm iwoca and lending payment ...

M&A hits Alternative Credit: MW Eaglewood to merge with Pollen Street Capital

24th May 2017 Daniel Lanyon

The deal will see P2P Global investments move further away from investing purely in the P2P lending market and more into further non-bank lending niches.      The respective managers ...

Record week for marketplace lending securitisation tops $1.2bn

22nd May 2017 Daniel Lanyon

Three firm’s latest round of ABS has set a new high in the increasing trend for securitised pool of loans originated by online lenders.     Last week saw the largest issuance of ...

Funding Circle chief steps back from investment trust

19th May 2017 Daniel Lanyon

The firm’s CEO Samir Desai is will no longer be a director of the Funding Circle SME Income Fund.      Samir Desai is standing down as a director of the £305m Funding ...

RM Secured Direct Lending launches new cash raise

19th May 2017 Daniel Lanyon

Six months after its launch, the investment trust has formally announced its plan to increase assets under management.   RM Secured Direct Lending will seek to place an undisclosed number of ...

Neil Woodford drops fintech and Alternative Credit in new income fund

18th May 2017 Daniel Lanyon

The fund manager has launched a new portfolio aimed at higher income investors but has eschewed alternative income kickers in favour of REITS and banks.     Neil Woodford has unveiled ...

China fintech guru appointed to Oxford University post

17th May 2017 Daniel Lanyon

Ning Tang, who heads one of China’s biggest p2p lending firms, is joining the advisory board of the university’s business school.     CreditEase founder and CEO Ning ...

Asset management giant expands into Alternative Credit with senior hire

17th May 2017 Daniel Lanyon

Emerging markets specialist Aberdeen has brought in Paul Mehta to lead its diversification into private debt and other alternative forms of fixed income.      Aberdeen Asset Management ...

SoFi launches robo advice-style, low cost wealth management platform

16th May 2017 Daniel Lanyon

SoFi Wealth is an online investment management service combining low-cost portfolios alongside human advice.     SoFi has launched a new wealth management proposition, named SoFi Wealth, ...

US marketplace lender Prosper issues new securitization backed by George Soros

16th May 2017 Daniel Lanyon

The Prosper Issuance Trust has been rated favourably by the Kroll Bond Rating Agency.     US marketplace lender Prosper is prepping a $450.5m consumer loan ABS transaction that is expected ...

Robo Advice market eyes pensions, insurance and mortgages

15th May 2017 Daniel Lanyon

A new piece of research by Deloitte suggests the technology could have wide-ranging applications beyond wealth management.     The automated financial advice market is set for a decade ...

Fintech bull Neil Woodford buys back into UK banks with Lloyds stake

12th May 2017 Daniel Lanyon

A long-term backer of the bank dis-intermediation boom, Neil Woodford has bought back into the ‘traditional banking ‘ sector via the Lloyds Banking Group.     Star fund manager ...

River North marketplace lending fund reaches $72m, joins Fidelity investor platform

11th May 2017 Daniel Lanyon

The US-based fund has had a good run since its launch six months ago, beating its index without leverage.     Back in September 2016 River North, an alternative asset manager based ...

Star fund manager buys large stake in Alternative Credit investment trust

11th May 2017 Daniel Lanyon

In recent years the well-known ‘perma-bear’ has become more interested in alternatives to fixed income.     The long term manager of the Capital Gearing investment trust ...

RM Capital’s Robson: Brexit, Trump good for direct lending opportunities

10th May 2017 Daniel Lanyon

The manager of the recently launched direct lending investment trust is optimistic the alternative credit market can benefit from broader volatility.     The fast growing market for ...

Private debt funds to invest more in 2017, increase 'dry powder'

9th May 2017 Daniel Lanyon

Preqin’s latest research suggests half of all fund managers are set to increase private debt investment significantly.     Private debt fund managers intend to deploy more capital ...

Wealth management shake-up: WMA and APFA to merge

8th May 2017 Daniel Lanyon

The Wealth Management Association and the Investment Management & Financial Advice Association have unveiled plans to create a new trade association for the UK investment advice and management industry.      The two ...

Sovereign wealth fund invests $20m in alternative credit fund

8th May 2017 Daniel Lanyon

Prestige asset management has launched the new mandate for their lending fund and opened the share class up to other investors.     Prestige Fund Management, the specialist asset manager ...

ICG beefs up direct lending business with new hire

8th May 2017 Daniel Lanyon

The firm says the expansion of the team reflects ongoing growth opportunities.      Specialist asset management the Intermediate Capital Group (ICG) has appointed Peter Lockhead ...

Rate increase pulls in £10m of new investments for Assetz Capital

5th May 2017 Daniel Lanyon

Three weeks since it hiked its interest rates, the Manchester-based firm has seen a strong uptick in demand.      Following its recent promotional interest rate rise on its 30 Day ...

Lending Club recovery gains momentum, banks boost originations

5th May 2017 Daniel Lanyon

The largest marketplace lending platform has posted its fourth quarterly loss but looks in better shape than 12 months ago.     Lending Club originated $1.96bn of loans in the first ...

New direct Lending fund targeting 6.5% yield seeks fresh capital raise

4th May 2017 Daniel Lanyon

The recently launched Alternative Credit investment trust RM Secured Direct Lending says demand for its loans are strong.    The Edinburgh-based RM Secured Direct Lending trust is seeking ...

Octopus-backed robo advisor Moola goes live

3rd May 2017 Daniel Lanyon

The start up firm is the latest in a flurry of new launches aimed at disrupting the wealth management market.   Investors have a new robo advisor to choose from following the soft launch of ...

Alternative finance ‘most successful’ part of fintech market despite Brexit, claims report

2nd May 2017 Daniel Lanyon

UK firms such as Funding Circle and LendInvest as well challenger banks have been among the fastest growing fintech firms.     Alternative finance is leading the way in the high growth ...

Wealthy investors back low cost robo advice

28th April 2017 Daniel Lanyon

Research from Deloitte shows the market for low cost, automated advice and investment could be very, very large.     More than half of high earners would pay for robo-advice compared ...

P2P Global Investments sees NAV bounce, expands into alternative credit

26th April 2017 Daniel Lanyon

The giant fund has had a testing 12 months but its latest numbers bode well for a shift in strategy.     The £833m P2P Global Investments fund saw its net asset value [NAV] rise ...

National Bank of Canada invests $6m in robo-adviser Nest Wealth

24th April 2017 Lisa Walls-Hester

One of Canada’s Big Six takes a strategic investment in a robo-adviser startup, Nest Wealth.  The Bank will also license the financial technology company's digital wealth management platform.   The ...

Robo advice firm launches “first foray into personal banking” with lending service

21st April 2017 Daniel Lanyon

Could the new front in the much-touted trend of fintech synergies be between lenders and robo advisors?     California-based Robo advisor Wealthfront has launched a lending service for ...

BlackRock and Aberdeen up stakes in Funding Circle SME Income fund

19th April 2017 Daniel Lanyon

The world’s largest asset manager is increasingly bullish on fintech if its recent behaviour is anything to go by.     BlackRock’s stake in the Funding Circle SME Income ...

Deutsche Bank takes fintech bet with alternative credit platform stake

18th April 2017 Daniel Lanyon

The giant banking group has made another step to up its ‘disruptive’ tech credentials.     Deutsche Bank AG has acquired a 12.5 per cent equity stake in receivables auction ...

Leading BDC lends $4bn in 2016

13th April 2017 Daniel Lanyon

FS Investments closed more than $1.7bn of middle market commitments in the fourth quarter of 2017 alone.     FS Investments, the alternative investment manager and the largest manager ...

Ranger Direct Lending fund takes hit after platform failure

13th April 2017 Daniel Lanyon

The closed-ended portfolio has seen a write-down hamper performance with one analyst calling it a “bellwether moment” for alternative credit funds.     The £269m Ranger ...

The SME Loan fund plots £250m cash raise and new name

10th April 2017 Daniel Lanyon

The closed ended fund is looking to a new share issuance and name following a shift in investment strategy and new manager.     Alternative credit investment trust the SME Loan fund ...

Funding Circle SME Income Fund raises £142m

10th April 2017 Ryan Weeks

C Share raise brings SME Income Fund’s market cap to £307m.   The Funding Circle SME Income Fund, the listed trust which invests in Funding Circle loans globally, has raised a fresh ...

LendingRobot launches fund for institutional investors in P2P and marketplace lending

10th April 2017 Daniel Lanyon

Strong demand brings world’s the first 'robo advice blockchain' fund for alternative lending to expand beyond individual investors.   LendingRobot Series has launched a new fund ...

Big UK banks forecast 40% revenue hit from fintech disruptors, finds PwC report

6th April 2017 Daniel Lanyon

The mood of finance firms in the UK is distinctly more sombre than others around the world.     Traditional financial services leaders are facing a dilemma with many senior staff expecting ...

P2P Global Investments: Why the discount could now begin to narrow

5th April 2017 Daniel Lanyon

The board of P2P GI and its shareholders are reviewing its investment management arrangements but a number of factors are emerging that could boost the share price.      The largest ...

Seizing the opportunity: How innovation and economic uncertainty can reshape supply chain finance

5th April 2017 Tony Duggan

    As Prime Minister Theresa May prepares to pull the trigger on one of the most momentous political decisions in recent history, investors across the globe are set to prepare themselves ...

Direct lending investment trust yielding 6% seeking to raise further cash

4th April 2017 Daniel Lanyon

As the Hadrian's Wall Secured Investments fund nears its first birthday, its managers are on track to deliver the target yield.      The Hadrian's Wall Secured Investments ...

Banks “no longer fear” marketplace and P2P lenders and robo advice, finds study

3rd April 2017 Daniel Lanyon

The new report from the Economist Intelligence Unit finds bank/fintech collaboration will be key to the survival of both ends of the market.      Only the traditional financial ...

First ever P2P2P2P platform launches

1st April 2017 Daniel Lanyon

A new platform which claims to be the world’s first inter-alternative lending platform is aiming to improve liquidity between fintech lenders.     Pawnstr, the world’s first ...

UK Bond Network launches Innovative Finance ISA for secured corporate bonds

31st March 2017 Daniel Lanyon

The platform is the latest to the new tax-wrapper, following launches from the likes of Landbay, Lending Crowd and Goji.     Alternative finance provider UK Bond Network has launched ...

Institutional investors turn to alternative credit to boost risk adjusted returns

30th March 2017 Daniel Lanyon

European SME private debt is an emerging niche for those institutional investors looking for low volatility income.     Institutional investors are increasingly looking to broaden their ...

P2P fund manager cuts regular fixed income exposure as inflation worry kicks in

29th March 2017 Daniel Lanyon

Amid Brexit and Trump induced inflation expectations, Thesis Asset Management is cutting its holdings in regular fixed income markets.     Thesis Asset Management is slashing its exposure ...

Biotech turns to Alternative Credit in new fund

29th March 2017 Daniel Lanyon

The BioPharma Credit investment trust has raised gross cash proceeds of $423m after an Initial Public Offering (IPO).     For several years, biotechnology has been one of the hottest ...

Experts predict avalanche of partnership deals between traditional and alternative lenders

23rd March 2017 Lisa Walls-Hester

Ninety percent of industry insiders anticipate an increase in traditional bank and marketplace lender partnerships in 2017. This is according to a survey conducted by digital asset management platform ...

P2P lending news roundup 22/03/17

22nd March 2017 Daniel Lanyon

The most important stories and data from the world of P2P lending and alternative finance.     With less than a couple of weeks until the new tax year, investors around UK are scrambling ...

Goji launches P2P lending bond targeting 5% yields to woo wealth managers

22nd March 2017 Daniel Lanyon

The P2P specialist investment manager wants to open access to the fast-growing alternative lending market.     Goji has today launched the UK’s first diversified P2P lending bond ...

HNW Lending unveils Innovative Finance ISA targeting 7% - 15%

21st March 2017 Daniel Lanyon

The alternative lender is now allowing investment via the tax wrapper for its loans against luxury goods such as fine wine and art.     HNW Lending has received full approval from the ...

Goldman Sachs launching robo advice service

21st March 2017 Daniel Lanyon

Interest in robo-advice from financial services giants is ramping up as demand grows for low cost, online and simplified wealth management.     In another fintech-powered move towards ...

Marketplace lending news roundup 20/03/17

20th March 2017 Daniel Lanyon

The most important stories and data from the world of marketplace lending and alternative finance.     One of the ‘founding fathers of the p2p and marketplace lending industry ...

Nutmeg slams incumbent wealth manager fees

20th March 2017 Daniel Lanyon

The digital and disruptive wealth manager says UK investors still face ‘intimidating wall of investment charges’.     Investors are suffering from a lack of progress ...

First European P2P securitisation sees Moody’s upgrade

17th March 2017 Daniel Lanyon

Good news for Funding Circle as it sees an upgrade to a pool of  its securitised loans from the ratings agency.   Ratings agency Moody’s has upgraded its outlook for the first ever ...

Funding Circle investment trust taps the market for new cash

16th March 2017 Daniel Lanyon

The most recently launched closed-ended fund in the market offering P2P exposure to investors has launched a C Share Issue.     The £167m Funding Circle SME Income fund has launched ...

P2P lending news roundup 15/03/17

15th March 2017 Daniel Lanyon

The most important stories and data from the world of P2P lending and alternative finance.   P2P platform Landbay is turning to crowdfunding for capital. The buy-to-let mortgage lending platform, ...

Marketplace lending news roundup 14/03/17

14th March 2017 Daniel Lanyon

The most important stories and data from the world of Marketplace lending and alternative finance.     Nationalism may be on the rise politically, but in fintech the opposite is true ...

Old Mutual sells down stake in VPC Specialty Lending

13th March 2017 Daniel Lanyon

The asset manager was one of the largest backers of the investment trust at its launch, but it has now reduced its stake.     Old Mutual Global Investors’ stake in the VPC Specialty ...

GCP Asset Backed Income fund deploys war chest

13th March 2017 Daniel Lanyon

The investment trust, having recently changed its name and undergone a C share capital raise, is deploying new cash.     The investment managers of the GCP Asset Backed Income investment ...

Private debt funds' fees plunge to eight-year low as competition ramps up

10th March 2017 Daniel Lanyon

Fees are on a long-term downward trend, with direct lending funds charging the lowest average rate.       The average management fee charged by private debt funds has been on ...

What blockchain can do for p2p lending platforms

10th March 2017 Guy Halford-Thompson

    The peer to peer (P2P) lending industry is fast expanding, but most of the platforms available today are not being built using blockchain technology.   Industries which have ...

PeerStreet and Betterment launch partnership

9th March 2017 Daniel Lanyon

One of the best known US robo advisors will allow its customers to see PeerStreet's data into its dashboard.     PeerStreet – the marketplace for investing in US real estate ...

P2P lending news midweek roundup 08/03/17

8th March 2017 Daniel Lanyon

The most important stories and data from the world of P2P lending and alternative finance.     Phillip Hammond’s first Budget as Chancellor has not gone down well with, well, anyone.  ...

SQN becomes manager of the SME Loan Fund

8th March 2017 Daniel Lanyon

The closed ended fund has seen a shift in investment strategy with its new manager and a placing of its GLIF shares.     SQN Capital Management has been appointed as investment manager ...

Will demand for the Innovative Finance ISA and p2p lenders surge following Hammond’s dividend allowance cut?

8th March 2017 Daniel Lanyon

The chancellor Phillip Hammond has slashed dividend allowances from £5,000 to £2,000 in 2018.     The move, Hammond says, is aimed at bringing the self-employed and the employed ...

The income opportunities in alternative credit

8th March 2017

Goji's David Beacham reveals why financial intermediaries as well as institutional investors are increasingly paying attention to the fast growing alternative credit universe.     Last ...

Cambridge University owned challenger bank sees strong 2016 growth

7th March 2017 Daniel Lanyon

Five years after its launch from the depths of the credit crunch, this challenger bank is growing fast.     SME focused Cambridge & Counties Bank saw record growth in 2016 for deposits, ...

Neil Woodford buys more P2P Global Investments after management fee slashed

7th March 2017 Daniel Lanyon

The largest UK fund focused on the online lending market is wooing investors after worse than expected performance by permanently cutting some charges.     Star fund manager Neil Woodford ...

Experian joins Marketplace Lending Association

6th March 2017 Daniel Lanyon

The information services giant believes marketplace lenders continue to be at the forefront of transparent and responsible financial innovation.     Experian has joined the Marketplace ...

Marketplace lending news roundup 06/03/17

6th March 2017 Daniel Lanyon

The most important stories and data from the world of marketplace lending and alternative finance.     The money keeps flowing for platforms with the news one of the largest UK players ...

Citigroup backed fintech lender BlueVine secures $75m financing from Fortress

1st March 2017 Daniel Lanyon

The firm operates in the online small business lending part of the market providing invoice financing.     Invoice finance provider BlueVine has secured a warehouse credit line of up ...

P2P lending news midweek roundup 01/03/17

1st March 2017 Daniel Lanyon

The most important stories and data from the world of P2P lending and alternative finance.     US marketplace lender Prosper has secured an enviable $5bn funding deal over the next ...

Yielders becomes first Sharia compliant UK fintech

28th February 2017 Daniel Lanyon

The equity-based property crowdfunding platform has successfully completed certification.     London based property investment platform Yielders is looking to ramp up growth across Asia, ...

McKinsey: Institutional investors will raise allocations to alternative credit due to Brexit and Trump

28th February 2017 Daniel Lanyon

Last year was a strong one for direct lending, but new research suggests sentiment is still improving to alternative forms of fixed income.      Institutional investors are likely ...

Marketplace lending news roundup 27/02/17

27th February 2017 Daniel Lanyon

The most important stories and data from the world of marketplace lending and alternative finance.      In the US Sofi has added another pile of cash to its coffers, scooping up ...

Real Estate Credit Investments fund shrugs off Brexit and raises £25m

27th February 2017 Daniel Lanyon

The closed-ended fund has completed the first stage in its plan to raise up to £65m in the near term.     The £158m Real Estate Credit Investments trust has raised more ...

Institutional investors most bullish on alternative credit over near and longer term, says report

24th February 2017 Daniel Lanyon

Prequin's latest research into attitudes among global institutional investors into the alternatives space finds alternative credit comes out on top for sentiment.     More asset ...

P2P lending news midweek roundup

22nd February 2017 Daniel Lanyon

The most important stories and data from the world of P2P lending and alternative finance.      The biggest news this week may well be that Natwest, owned by Royal Bank of Scotland, ...

Fintech funding nosedives in 2016 creating 'perfect storm' for 2017 M&A

22nd February 2017 Daniel Lanyon

In the year of Brexit and Donald Trump’s election to US president, fintech saw a steep fall in new investor cash.     Total funding for U.S. fintech companies and deal activity ...

State Street plots fintech path, embraces AI and blockchain

22nd February 2017 Daniel Lanyon

The institutional asset management giant is making a huge investment to digitize its processes in order to take advantage of changes it sees occurring to asset management firms over the next 5-10 years.     State ...

SQN poised to take over the SME Loan Fund

21st February 2017 Daniel Lanyon

The alternative credit investment trust is considering several new proposals to shake up its ownership and management structure.     The SME Loan Fund plc is in discussions with New ...

Natwest takes on Funding Circle with new SME lending platform Esme

21st February 2017 Daniel Lanyon

The RBS-owned bank is looking to disrupt the disruptors with the launch of a new online lending service.       NatWest is set to launch a new digital platform to allow small ...

P2P Global Investments’ buybacks near 3% of total issuance

20th February 2017 Daniel Lanyon

The P2P and marketplace lending giant closed-ended fund has completed another round of share buybacks in an attempt to narrow its double-digit discount.      The £835m P2P ...

Landbay launches Innovative Finance ISA in time for ISA Season

20th February 2017 Daniel Lanyon

Investors can access the buy-to-let mortgage platform using the ISA tax-wrapper.     P2P platform Landbay is the latest firm to launch an Innovative Finance ISA (IFISA), after receiving ...

OnDeck sees Q4 surge but plans job cuts as losses widen

16th February 2017 Daniel Lanyon

The US-based online lending platform for small businesses has seen a growth in loan origination but also an increase in costs.     Marketplace lending platform OnDeck clocked-up record ...

Lending Club CEO bullish as Q4 losses widen

15th February 2017 Daniel Lanyon

The beleaguered firm’s President and CEO Scott Sanborn says despite Lending Club's total Q4 losses increasing last year compared to 2015, this year should see an improvement in the numbers.     Marketplace ...

Aviva Investors launches alternative credit fund for income-hungry institutions

14th February 2017 Daniel Lanyon

The Aviva Investors Alternative Income Solutions fund will cater to institutional investors such as pension and insurance companies looking for income away from traditional fixed income.     Aviva ...

Goldman Sachs leads new $15m funding for fintech lender Better Mortgage

13th February 2017 Daniel Lanyon

The US-based firm has secured the cash in a Series B round from the investment bank as well as venture capital funds Kleiner Perkins and Pine Brook.     Better Mortgage, an online lending ...

American Bankers Association gives thumbs up to first ever online lending platform

13th February 2017 Daniel Lanyon

The ABA is endorsing Akoub, an online platform helping community and regional banks with the process of providing small business loans and take on the likes of Lending Club and Prosper.     The ...

SoFi to sell student loans to community banks

10th February 2017 Daniel Lanyon

The US-based platform popular with wealthy graduates is forging a tie up with Promontory Interfinancial Network,     SoFi will sell some of its loan book off to US community banks allowing ...

Private debt eyes up real estate finance

10th February 2017 Nicolas Campiche

Nicolas Campiche, chief executive officer of Pictet Alternative Advisors, reveals why real estate debt may be a bright spot of alternative credit amid an uncertain market in 2017.     Amid ...

Mass customisation is the future of investing

10th February 2017 Adam French

The founder and CEO of robo advice platform Scalable Capital reveals what he thinks is the future of wealth management.     From the shoes on your feet to your daily caffeine shot, many ...

Nava Finance gets regulatory approval from FCA

10th February 2017 Daniel Lanyon

The newly launched unsecured online lending platform is now gearing up to start deploying capital and making loans.     Nava Finance will begin offering personal loans to UK consumers ...

FS Investments hires Credit Suisse veteran Chris Condelles

9th February 2017 Daniel Lanyon

The Philadelphia-based alternative asset manager has a new head of capital markets and investor relations   FS Investments has hired Chris Condelles as Head of Capital Markets and Investor Relations, ...

P2P lender LendingCrowd launches IFISA

9th February 2017 Daniel Lanyon

The Edinburgh-based platform is now offering investors the IFISA tax-wrapper for its lending products .     LendingCrowd has launched one of the first Innovative Finance ISAs (IFISA) ...

Half of wealth managers would recommend p2p lending as cash alternative

9th February 2017 Daniel Lanyon

BondMason’s latest report finds increasing enthusiasm for P2P from financial intermediaries as well as a ‘flight to quality’.     More than half of wealth managers ...

Global fintech investment up 10.9% to $17bn, UK down a third

7th February 2017 Daniel Lanyon

Innovate Finance’s latest research shows global bullishness towards fintech but a slip in investment in the UK.     Global investment in disruptive financial technology firms by ...

Fintech lender 4finance passes €4bn mark

6th February 2017 Ryan Weeks

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 ...

Lending Club chairman launches new $125m VC fund targeting alternative credit and fintech

6th February 2017 Daniel Lanyon

Nyca Partners is now looking to deploy its latest fintech focused war chest into private startups looking to disrupt financial incumbents.     Lending Club chairman Hans Morris has successful ...

Millenials inspire Generation X into robo-advice, claims report

1st February 2017 Daniel Lanyon

Millenials are the past not the future growth engine for robo-advice firms who should instead be targeting an older and wealthier age group.     Generation X investors are the key to ...

How the swelling robo-advice market could become profitable and move into the mainstream

31st January 2017 Daniel Lanyon

A new report from Verdict Financial argues for low cost, automated, online wealth management to move into the money-making stage it will have to take market share from traditional financial intermediaries.      High ...

The area of Alternative Credit BNP Paribas Investment Partners thinks will see strong growth in 2017

30th January 2017 Daniel Lanyon

Stéphane Blanchoz, CIO for Alternative Debt Management at BNP Paribas Investment Partners, explores why allocations to alternative debt and other direct lending strategies could be attractive for ...

New P2P and marketplace lending fund launches using blockchain and robo-advice strategy

27th January 2017 Daniel Lanyon

The Seattle based platform LendingRobot has launched an investment fund that it says is the first p2p and marketplace lending portfolio, fully automated and also utilising a distributed ledger system.     LendingRobot, ...

Carney warns against P2P, Robo-advice risk from “fintech boom”

27th January 2017 Daniel Lanyon

The governor of the Bank of England Mark Carney prompted consternation amongst the alternative finance industry with a stark warning this week.     Financial regulators around the world ...

How to Diversify your Alternative Credit Portfolio

26th January 2017 Josh Matthews

Maseco's Josh Matthews  reveals why investors in Alternative Credit funds should condsider diversification as a key maxim in their investment strategy.       Diversification ...

Millennials 4x more likely to be P2P investors than Generation X

25th January 2017 Daniel Lanyon

They didn’t vote for Brexit and don’t like Donald Trump but millennials are fintech enthusiasts.     Those aged 18-34 are four times more likely than over-55s to have money ...

Alternative credit could benefit from 'Trumponomics', says ICG

24th January 2017 Daniel Lanyon

Alternative assets are likely to benefit from regulatory changes, increased market dispersion and volatility owing to President Trump's policies.    Alternative assets could be one ...

Fintech: a bright spot in sliding optimism for UK financial services facing Brexit and Trump uncertainty

23rd January 2017 Daniel Lanyon

The CBI and PwC have a new report highlighting an increasingly bleak mood among banks, except for their view of fintech.     Sentiment amongst financial services firms deteriorated further ...

Value creation in private equity

20th January 2017 Andrew Lebus

Fintech investor Pantheon's Andrew Lebus reveals why unlisted eqity can add alpha over the long term.    One of the much touted benefits of investing in private equity was its low correlation ...

Trump and Brexit make alternative credit star asset class for 2017, says KKR

20th January 2017 Daniel Lanyon

The asset management giant also highlights four major secular changes afoot for investors.                 Trump and Brexit have prompted four major secular ...

Davos report: traditional financial services must transform to beat fintech

19th January 2017 Daniel Lanyon

Consultancy Oliver Wyman’s latest report finds that financial services incumbents will need to make clear, strategic choices about where and how they can compete in evolving ecosystem.     Financial ...

Obama administration publishes fintech report ahead of Trump inauguration

19th January 2017 Daniel Lanyon

The outgoing president of the United States of America has done much to support fintech over an eight-year period that has seen the emergence of marketplace lending, blockchain and many other disruptive ...

The future of litigation funding – have the rules changed?

18th January 2017 James Gbesan

The growing emergence of litigation funding has opened new opportunities for businesses that are seeking redress on various issues through the courts and offers law firms the opportunity to pursue more ...

Numis analysts’ favourite p2p and direct lending fund

17th January 2017 Daniel Lanyon

Numis Securities’ Ewan Lovett-Turner reveals the investment trust he thinks looks most attractive in the burgeoning p2p and direct lending space.     The £163m Funding Circle ...

Scargo Hill Capital launches new direct lending platform

12th January 2017 Daniel Lanyon

The asset management firm is bullish on the alternative lending market, particularly in the retail and consumer brands sectors.      Boston-based Scargo Hill Capital will provide ...

Workinvoice launches securitisation vehicle for marketplace receivables

12th January 2017 Lisa Walls-Hester

Workinvoice, the Italian invoice trading platform, has just launched and funded the first Italian securitisation vehicle for marketplace receivables.   Factor@Work, an Italian based portfolio ...

Chinese online lending giant China Rapid Finance partners with Tencent’s robo-advisor platform

11th January 2017 Daniel Lanyon

The market leader in the Chinese consumer lending market, in terms of numbers of customers, has annouced a tie-up with Tencent Licaitong.   China Rapid Finance, is cooperating with Tencent’s ...

The Brexit risk to the UK’s status as ‘fintech capital of the world’

11th January 2017 Moriah Costa

In this three part series, Moriah Costa examines the impact that Brexit could have on fintech in the UK, how it became the capital and what opportunities could arise.     The future ...

BDC Golub Capital scores $113.6m in new middle-market origination in Q4 2016

10th January 2017 Daniel Lanyon

The Business Development Company rounded off 2016 with a small uptick in funding committents to middle market firms.      Golub Capital originated $113.6m in new middle-market ...

Bond funds back in fashion, but is it temporary?

9th January 2017 Daniel Lanyon

BofAML has recorded an uptick in inflows to bond funds at the start of 2017 as investors look for safety from riskier assets.     Investors piled back into bond funds in early January, ...

GCP Asset Backed Income fund mulling £100m C share issue

9th January 2017 Daniel Lanyon

The closed-ended alternative credit portfolio is looking to raise new cash after its latest successful placing of £16m.     The £164m GCP Asset Backed Income is considering ...

Robo advisor Scalable reaches £100m of assets

9th January 2017 Moriah Costa

Shortly before Christmas the start-up reached €100m of assets under management in 10 months, making it among the fastest growing robo advice companies.        Wealth ...

Novofina brings its robo-adviser to the UK targeting 20% returns

9th January 2017 Lisa Walls-Hester

European wealth management firm Novofina is bringing its 'Neue Finanzen' robo-advisor to the UK. Its trading algorithms target high returns, and were previously only available to the super-rich. ...

The big banks and wealth managers that invested in robo advice in 2016

6th January 2017 Moriah Costa

Large financial institutions are embracing the brave new world of financial technology, investing in robo advising firms and spinning off advisors of their own.         Wells ...

Curiosity about peer-to-peer lending, blockchain and fintech spiked among investors in 2016

6th January 2017 Moriah Costa

Investors were keen to find out more about Trumponomics, peer-to-peer lending, blockchain and fintech during the tremulous year of post-truth.       Peer-to-peer lending gained ...

The important trends for funds in the Alternative Credit market in 2017

5th January 2017 Gabriella Kindert

NN IP’s head of alternative credit Gabriella Kindert reveals her key predictions for the alternative lending space in 2017.     Connectivity and interdependence have increased ...

VPC Specialty Lending fund kick-starts share buyback strategy

23rd December 2016 Daniel Lanyon

The alternative credit investment trust is seeking to close its discount to NAV buy using spare cash to buy its own shares.     The £362m VPC Specialty Lending fund will commence ...

Alternative credit continues to grow but UK deal growth hit by Brexit, report finds

21st December 2016 Daniel Lanyon

The progress comes as a result of increasing acceptance of alternative credit in areas traditionally dominated by banks but also heightended political uncertainty.     Alternative lenders ...

American Capital shareholders give nod to merger with BDC giant Ares Capital

19th December 2016 Daniel Lanyon

BDC consolidation continues apace in the US as pioneer American Capital is swallowed by Ares.         Shareholders in American Capital have overwhelmingly approved the firm’s ...

Ranger Direct Lending fund raise falls short of $50m target

19th December 2016 Daniel Lanyon

The online lending specialist investment trust has raised more cash while its shares are at a discount.    The £237m Ranger Direct Lending fund has completed its latest Initial placing ...

UK SMEs’ appetite for equity finance growing, bank debt falling

15th December 2016 Daniel Lanyon

A new report suggests small businesses’ appetite for long term equity-based finance has increased significantly in the last 12 months during which time demand for traditional bank debt has continued ...

Why real estate bridge loan funds should be on investors’ radar

15th December 2016 James Levy

Clearwater Private Investment’s director James Levy reveals why he is backing real estate bridge lending funds for clients’ portfolios.   Real Estate Bridge Loan Funds offer investors ...

Share buybacks continue at P2P Global Investments trust, nears 2 per cent of issuance

13th December 2016 Daniel Lanyon

The P2P and marketplace lending fund is aiming to narrow its 25 per cent discount at current low valuations.    The largest closed-ended portfolio offering exposure to the P2P/marketplace ...

Alternative credit investment trust Honeycomb seeks £50m fundraise

12th December 2016 Daniel Lanyon

The direct lending portfolio is looking to raise more cash from investors one year on from its launch.   The £150m Honeycomb investment trust is seeking to raise up to £50m at a ...

Asset based lending leaps to £4.3bn all time high, Referral Scheme to push 2017 growth

12th December 2016 Daniel Lanyon

The total market for asset based finance hits £20.7bn in 2016 as the Government Bank Referral Scheme launches.     The amount of alternative finance available under ‘asset ...

Lending Home passes $1bn of mortgage loans, launches new securitization

9th December 2016 Daniel Lanyon

The US mortgage marketplace lender is launching a new master trust securitization vehicle to accelerate its capital growth.       San Francisco-based mortgage marketplace lender ...

Outlook for UK SMEs positive for 2017 despite Brexit, finds survey

9th December 2016 Daniel Lanyon

Research by Aldemore Bank suggests small and mid-sized companies in the UK are on the whole bullish on their prospects for growth next year.     More than four in five small and medium ...

Moody's: Outlook for traditional asset managers negative

7th December 2016 Daniel Lanyon

The ratings agency has slashed its outlook for traditional active fund managers amid the rise of alternative forms of finance and investing such as robo-advice and ETFs.     The outlook ...

Online lender MoneyLion raises $22.5m war chest in series A round

6th December 2016 Daniel Lanyon

The personal finance and lending platform has raised new capital to fuel its future growth in a new round led by Edison Partners.     Personal finance platform MoneyLion, which uses ...

Chinese P2P platform joins one of the world's biggest blockchain projects

5th December 2016 Daniel Lanyon

Shanghai-based p2p platform Dianrong has joined the Hyperledger Blockchain project in bid to use the emerging technology in both lending and adminstative purposes.     The Chinese P2P ...

BDC giant FS Investments closes $1bn of Q3 middle market commitments

2nd December 2016 Daniel Lanyon

The US-based alternatives asset manager has increased its activity in the third quarter of this year with investments up 20 per cent by volume from the previous quarter.     Business ...

Illiquid alternatives set for 2017 surge among asset managers, finds survey

2nd December 2016 Daniel Lanyon

Nearly three-quarters of institutional investors around the world say they will increase their holdings in alternative credit among other alternatives.   Global institutional investors worldwide ...

Allianz GI buys US-based Sound Harbor Partners for alternative credit push

1st December 2016 Daniel Lanyon

Sound Harbor Partners has been bought up by Allianz Global Investors to expand its alternative credit offering.      New York-based private credit manager Sound Harbor Partners ...

New $100m Lending Club securitization

1st December 2016 Daniel Lanyon

Nearly seven months on from the Laplanche exit, Lending Club is launching a new round of ABS.      US marketplace lending giant Lending Club will dip its toe back in the securitization ...

New alternative credit investment trust RM Secured Direct Lending launches targeting 6.5% yield

30th November 2016 Daniel Lanyon

RMDL is a new UK investment trust established to invest in a portfolio of secured debt instruments to UK SMEs and mid-market corporates.     RM Secured Direct Lending (RMDL) will raise ...

Fund manager: Why we back alternative credit funds but haven’t touched P2P

30th November 2016 Daniel Lanyon

Hawksmoor’s Ben Conway is bullish on the prospects for alternative credit but is avoiding one of the fastest growing areas of the market…for now.     P2P lending and the ...

Luxembourg secured lending funds: An attractive alternative to traditional fixed income for wealth managers

28th November 2016 James Levy

It is remarkable...what a change of temper a fixed income will bring about" Virginia Woolf, A Room of One´s Own   Though few who practice our trade will admit it publicly, the wealth ...

P2P market worth $10bn per year by 2020, suggests study

25th November 2016 Daniel Lanyon

A study of the global online lending and crowdfunding market by Juniper Research suggests a doubling of revenues in the coming three years.     The global market for p2p/marketplace ...

Ranger Direct Lending could raise another £200m

24th November 2016 Daniel Lanyon

The fund’s latest prospectus indicates it could nearly double its assets next year, believing there is plenty of market potential to deploy new cash.     The £237m Ranger ...

4finance taps bond market for another €50m

24th November 2016 Daniel Lanyon

Amid the global uncertainty, 4 Finance seeks to continue its growth trend with a fresh round of capital-raising.   4 Finance, one of the largest European consumer lending firms, has tapped the ...

BDC giant FS Investments replaces CFO after resignation

23rd November 2016 Daniel Lanyon

The recently rebranded FS Investments, formerly Franklin Square Capital, has made replaced outgoing chief financial officer for two of its Business Development Companies.     Michael ...

Hermes’ Marshall: What to expect from your direct lending fund in 2017

21st November 2016 Daniel Lanyon

In has been another bumper year for direct lending with a raft of new fund launches, but what is in store for next year? Hermes Investment Management's Patrick Marshall shares his thoughts.    Direct ...

McKinsey thinks fintech is about to enter a period of massive change

21st November 2016 Daniel Lanyon

A new report from consulting firm McKinsey argues shifting dynamics will shake up the fintech market in the coming years and suggest seven critical aspects of this new environment that must be understood ...

VPC Specialty Lending discount moves to 30% as it announces dividend still below target

18th November 2016 Daniel Lanyon

The closed-ended alternative lending fund has reported its third dividend of year, again below its 2p target.      The £392m VPC Specialty Lending investment trust has ...

Invoice financing firm Factor 21 completes MBO backed by private equity

16th November 2016 Daniel Lanyon

Private equity firm Mobeus has funded the management buyout of Factor 21, a UK provider of invoice finance facilities for SMEs.     Factor 21 has completed a management buyout of ...

Ranger Direct Lending looks to raise £40m through share placing despite 6.5% discount

14th November 2016 Daniel Lanyon

The direct lending specialist investment trust has had a good year, partly thanks to the strong US dollar, and is aiming to launch new shares despite its current discount to net asset value.     The ...

Alternative credit the only cheap area of the market, says fund manager

14th November 2016 Daniel Lanyon

Hawksmoor’s Ben Conway reveals why he thinks alternative credit makes a good portfolio addition in an uncertain world and why it is the only area of clear value for investors across asset classes.   Alternative ...

Investor confidence in alternative credit unshaken by Brexit, finds survey

11th November 2016 Daniel Lanyon

A study by fund research firm Elian points to ongoing enthusiasm among institutional investors for direct lending despite the increased uncertainty created by the EU referendum result.   Appetite ...

Alternative credit platform Blackmoon secures $2.5m in equity funding

11th November 2016 Daniel Lanyon

The US-based direct lending marketplace has big plans for 2017 and fresh capital to match.     The Blackmoon Financial Group has secured $2.5m in its latest round of equity funding from ...

UK asset manager Pemberton raises €1.2bn for debut European Mid-Market Debt fund

9th November 2016 Daniel Lanyon

Despite the Brexit uncertainty the specialist fund management group has raise a sizable cash pot to lend to SMEs in Europe.     Pemberton, an independent asset management group backed ...

Lending Club sees flat Q3, secures $1.3bn funding line from National Bank of Canada

7th November 2016 Daniel Lanyon

The US platform saw a slight uptick from its difficult Q2 in the three months to 30 September but also secured a new institutional source of capital.     Lending Club saw loan originations ...

What is the impact of Brexit on the alternative finance market?

7th November 2016 Daniel Lanyon

A new report by Magic Circle law firm Allen & Overy suggests some stark implications for investors in, and borrowers of, alternative credit.   More than two-thirds of UK firms have seen ...

Lending Club sees share price bounce amid market volatility

4th November 2016 Daniel Lanyon

The once beleaguered US platform Lending Club has seen an analyst upgrade ahead of its Q3 earnings call on Monday.     The past six months have been a troubled period for the US giant ...

Robo-advice de-regulation essential for innovation, warns law firm

1st November 2016 Daniel Lanyon

As the market continues to grow for online digital investment, Pinsent Masons says a lack of clear regulation will stifle innovation.     The 'advice vs guidance' debate should ...

VPC Specialty Lending fund accelerates strategic shift to balance sheet lenders, moves away from p2p

1st November 2016 Daniel Lanyon

The closed-ended fund now has more than half of its portfolio exposure to balance sheet lending platforms at the expense of p2p and marketplace loans.      Exposure to balance sheet ...

SQN Asset Finance Income seeking fresh £150-180m fund raise

31st October 2016 Daniel Lanyon

The alternative credit investment trust specialising in equipment leasing sees plenty of opportunities in the coming years as well as ample demand from investors.     The £353m ...

P2P Global Investments trust sees NAV growth shortfall for September, continues share buybacks

31st October 2016 Daniel Lanyon

The giant marketplace lending fund has seen returns under pressure this year due to several issues ranging from Brexit induced currency volatility to Lending Club’s woes.     The ...

GCP Asset Backed Income trust mulls next capital raise

21st October 2016 Daniel Lanyon

The investment trust, having recently changed its name, is now considering a fresh share issuance to meet investor demand.     The GCP Asset Backed Income investment trust is considering ...

Neuberger Berman's alternative credit business swells to $3.2bn of assets with new fund launch

20th October 2016 Daniel Lanyon

The asset manager has closed its latest private debt fund, helping boost its alternatives business in terms of the amount of assets under management.   Neuberger Berman has seen its alternative ...

Income seekers take note: Alternative credit investment trusts the highest yielding in UK market

19th October 2016 Daniel Lanyon

Data from the Association of Investment Companies show closed-ended funds investing in various forms of alternative credit are yielding nearly double the average UK equity income portfolio.   Investments ...

Inflation will continue to rise, warns Nutmeg

18th October 2016 Daniel Lanyon

The chief investment officer of the leading robo-advisor platform Nutmeg thinks inflation will tick up to 2.5 per cent next year.      Investors should consider greater exposure ...

Fresh Lending Club fears prompt share price plunge

18th October 2016 Daniel Lanyon

The giant of the marketplace and p2p industry has spooked the market following a series of announcements.     Beleaguered US marketplace lending platform Lending Club saw one if its ...

New SQN fund breaks escrow, firm expands sales team in growth push

17th October 2016 Daniel Lanyon

The New York based alternative asset manager specialising in equipment leasing has secured inflows for its fifth Asset Income fund as well as making a number of new hires to its US-distribution team.    SQN ...

Monroe Capital raises $800m for second alternative credit fund

17th October 2016 Daniel Lanyon

The US-based firm has added a new portfolio to its stable to increase its reach into the middle market lending business.   Monroe Capital LLC has closed its latest portfolio in the alternative ...

How the latest tech will help disrupt wealth managers and financial advisors

14th October 2016 Daniel Lanyon

Robo-Advice could reduce the cost of delivering advice to investors says a new report into the fledgling industry.     The technology behind robo-advice has the capacity to dramatically ...

Goldman Sachs’ Marcus platform goes live for Main Street borrowers

13th October 2016 Daniel Lanyon

Goldman Sachs has entered the alternative lending market with its new strategy to lend directly to both consumers and small businesses, as well as corporate behemoths.   “We created Marcus ...

NN Investment Partners hires new head of alternative credit

13th October 2016 Daniel Lanyon

The Dutch asset management giant has tapped Gabriella Kindert to lead its boutique push into the alternative credit space.     Gabriella Kindert has joined NN Investment Partners to ...

Alternative credit growth could make the economy safer, says Lord Turner

12th October 2016 Daniel Lanyon

The former chairman of the Financial Services Authority struck an optimistic note about how various forms of alternative could contribute to a healthier financial base but not without adding a few caveats.     The ...

Zopa wakes up and smell the MOCA

12th October 2016 Luke Mellor

Europe's second peer-to-peer securitisation closes   Six months after the closing of the S-BOLT 2016 transaction, Zopa closed last week with final details of its debut peer-to-peer securitisation ...

Ranger Direct Lending fund adds AltFi Data's p2p benchmark index

10th October 2016 Daniel Lanyon

The investment trust has benchmarked its performance against the Liberum AltFi Returns Index (LARI), the first fund to do so since its launch last year.      The £221m ...

Nutmeg’s 2015 numbers point to fresh capital raise after losing £9m despite doubling assets

7th October 2016 Daniel Lanyon

The market leader in the fast growing robo-advice space saw a ramp up in both costs as well as revenues in its 2015 numbers.   Nutmeg, the market leader in the burgeoning robo-advice industry ...

AXA IM in large alternative credit push with new $34bn platform

6th October 2016 Daniel Lanyon

The asset management giant is re-enforcing a burgeoning industry trend with the announcement of a new platform catering for investors in alternative credit.     AXA Investment Managers ...

BDC giant FS Investments taps Goldman Sachs’ DeAngelis to head distribution

6th October 2016 Daniel Lanyon

The recently rebranded FS Investments has made a new top-level hire from Wall Street amid expectations of consolidation in the Business Development Company sector.     Philadephia-based ...

BNP Paribas launches €500m alternative credit fund

4th October 2016 Ryan Weeks

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 ...

Is BDC Prospect Capital looking to a tie-up with Lending Club?

4th October 2016 Daniel Lanyon

Peer-to-peer and marketplace lending platforms and Business Development Companies (BDCs) have been increasingly mentioned in the same breath, now synergies may be starting to occur.   Prospect ...

SME lender LDF acquires Asset & Corporate Finance for push into construction asset finance

3rd October 2016 Daniel Lanyon

A leading SME finance provider has announced its acquisition of asset finance firm ACF.   LDF, one of the UK’s largest independent provider of finance to SME businesses has acquired the ...

SME Loan Fund continues portfolio overhaul

3rd October 2016 Daniel Lanyon

The UK-listed portfolio has carried on its recent re-fresh with a number of portfolio transactions.    The SME Loan Fund has completed a number of transactions with GLI Finance its parent ...

RiverNorth launches marketplace lending fund

30th September 2016 Ryan Weeks

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

Banks are backing blockchain for consumer lending, studies find

30th September 2016 Daniel Lanyon

Blockchain interest is gathering pace in the incumbent banking world with the likes of Deutsche Bank, UBS and Bank of America all recently revealing plans to utilise the technology.   Commercial ...

Lending Club fund posts first ever monthly loss in August as insiders cash in company stock

29th September 2016 Daniel Lanyon

A portfolio of consumer loans originated and managed by beleaguered US marketplace lending platform Lending Club has seen its first ever negative month, according to reports.    The Broad-Based ...

P2P Global Investments continues share buy-backs amid market dip

28th September 2016 Daniel Lanyon

The P2P and marketplace lending giant fund has entred into another round of own share buy-backs in the past week.   The investment managers of the P2P Global Investments trust have initiated ...

Amundi launches alternative assets platform in charge for market lead

27th September 2016 Daniel Lanyon

The asset manager has unveiled big ambitions for the alternatives space to meet a growing demand for alternative credit as well as other illiquid markets.   Amundi is launching a single platform ...

Institutional investors should expect lower returns from bonds and equities and consider alternatives, warns report

27th September 2016 Daniel Lanyon

Hermes Asset Management’s Saker Nusseibeh and Eoin Murray warn that markets are set for a tough longer term period thanks to a low growth world.     Large institutional investors ...

P2P funds' weak sentiment unjustified based on UK platform performance, says investment bank Jefferies

26th September 2016 Daniel Lanyon

Jefferies' Matthew Hose argues amid a difficult year for the handful of funds offering investors p2p exposure the performance of the underlying loans is better than the market is pricing them.    The ...

MW Eaglewood to launch private equity fund

23rd September 2016 Ryan Weeks

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 ...

“How do we get permanent capital?”

16th September 2016 Ryan Weeks

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” ...

Hermes Investment Managment launches direct lending push in tie-up with RBS

15th September 2016 Daniel Lanyon

The £26bn fund management firm in charge of the BT pension scheme has made a move into the alternative credit space with the launch of a new direct lending  strategy.   Hermes Investment ...

Funding Circle enlists ex-Lloyds chief to board

9th September 2016 Daniel Lanyon

One of the largest UK p2p platforms Funding Circle has hired a prominent ex-City chief to its board of directors.   Eric Daniels, the former chief executive officer of Lloyds Banking Group has ...

Brexit could create opportunities for alternative credit lenders, says Partners Group

8th September 2016 Daniel Lanyon

Swiss-based Partners Group is bullish on the  opportunities for alternative credit post Brexit.   The market fallout from the UK voting to leave the European Union could result in ...

P2P Global Investments and VPC Specialty Lending among hardest hits trusts since Brexit

6th September 2016 Daniel Lanyon

Research from Numis Securities highlights the few months since the EU referendum result have been a tough time to hold the closed-ended p2p funds.    The two largest p2p and marketplace ...

KKR: Alternative credit set to be “star performing” asset class

5th September 2016 Daniel Lanyon

The US private equity giant sees a huge opportunity in credit markets benefiting from the disruption of traditional banking models.   A major spike in opportunities is occurring in several areas ...

EXCLUSIVE: FCA circles on P2P platforms with September 'business model' inspections

5th September 2016 Daniel Lanyon

The UK regulator is paying visits to all the major p2p and marketplace lending firms in September to 'closer understand' their  varied business models.    The Financial Conduct ...

What the p2p and marketplace lending industry needs to do to go mainstream

2nd September 2016 Daniel Lanyon

ThinCats’ CEO John Mould reveals exclusively to AltFi what he believes p2p platforms and funds need to do to be relevant to larger institutional investors as well as the retail mass market in the ...

Plentiful opportunities in alternative credit and niche lending, says PIMCO

1st September 2016 Daniel Lanyon

PIMCO’s Christian Stracke argues disruptive regulation for banks ranks among the biggest investable themes over the longer term.   Ongoing disruption of traditional banking firms ...

P2P Global Investments fund sees NAV bounce for July but falls short of year target return

31st August 2016 Daniel Lanyon

The p2p investment trust saw its growth in net asset value fall short of its projected run rate to meet its target yield for the past 12 months despite a recent improvement.   The £855m ...

Lending Club boosts institutional charge with senior Wall Street hires

30th August 2016 Daniel Lanyon

The beleaguered giant of the marketplace lending industry has brought in two heavy weights to bolster its push for more institutional and retail investors.     Lending Club has appointed ...

Franklin Square Capital’s BDCs see Q2 rebound with $830m investments

26th August 2016 Daniel Lanyon

Now rebranded as FS Investments, the leading alternative asset manager has clocked up a strong second quarter.   The five Business Development Companies (BDCs ) owned by Franklin Square Capital ...

Ranger Direct Lending announces largest ever dividend

25th August 2016 Daniel Lanyon

Investors will be pleased to note a further jump in the dividend for this closed-ended direct lending fund.   The Ranger Direct Lending Fund has announced a dividend per share of 26.87p, its ...

The best performing alternative finance funds two months on from Brexit

24th August 2016 Daniel Lanyon

Equity markets took a battering in the weeks after the UK’s vote to leave the EU back on 24 June, but how did the listed alternative finance funds fare?   The Ranger Direct Lending and ...

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

24th August 2016 Ryan Weeks

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, ...

Landbay’s Goodall: We can still reach £1bn despite Brexit

23rd August 2016 Daniel Lanyon

The CEO of the online p2p buy-to-let platform says he is sanguine the firm can see strong origination growth in 2017 despite the challenges posed since Brexit.     Brexit should not ...

Avant closes $255m asset-backed Securitisation with JP Morgan, Credit Suisse and Morgan Stanley

23rd August 2016 Daniel Lanyon

In the summer lull online marketplace lending platform Avant shows institutions are still backing the nascent industry.   US short-term consumer loan platform Avant has closed two ...

Goldman Sachs scraps Mosaic for Marcus ahead of its marketplace lending platform launch

22nd August 2016 Daniel Lanyon

Goldman Sachs will soon enter into the alternative lending market, with plans to lend directly to both consumers and small businesses.   Goldman Sachs’ soon to be launched online marketplace ...

Exclusive: VPC hires Liberum’s Cormac Leech

22nd August 2016 Daniel Lanyon

Victory Park Capital has made a new hire in London where its VPC Specialty Lending trust is listed.   Liberum’s Cormac Leech is set to join Victory Park Capital next month as Principal ...

Pantheon: Plenty of opportunities in fintech and P2P despite Lending Club’s woes

19th August 2016 Daniel Lanyon

Alex Scott of private equity firm Pantheon International is undeterred from the opportunities in fintech and marketplace lending despite the setback seen in the past three months.     Fintech ...

Royal London to launch alternative credit fund

19th August 2016 Daniel Lanyon

Rising institutional demand has prompted this asset management firm to move into the alternative credit space.    Royal London Asset Management has expanded into the burgeoning alternative ...

Exclusive: Harsh Patel exits Victory Park Capital

18th August 2016 Daniel Lanyon

VPC’s man in London is moving on from the firm and the VPC Specialty Lending trust.   Victory Park Capital’s Harsh Patel has left the asset management firm with immediate effect.   Patel ...

Why the opportunity in alternative credit is far broader than just p2p

18th August 2016 Josh Matthews

In the first of a series of articles Maseco Asset Management's Josh Matthews reveals why he thinks investors should look beyond p2p and marketplace lending for exposure to higher yielding 'alternative ...

VPC Specialty Lending’s target dividend remains under pressure, dips further into reserves

17th August 2016 Daniel Lanyon

The closed-ended alternative lending fund has reported its second dividend of year, again below its 2p target and also dipped further into its reserves to partly pay it.      The ...

UK SMEs flock to p2p lending boosting jobs and housebuilding, report finds

11th August 2016 Daniel Lanyon

The p2p and marketplace lending industry is driving small business and economic growth, particularly in areas hit hardest since the financial crisis, a new report suggests.      Small ...

VPC Specialty Lending fund shifts strategy to greater balance sheet exposure after difficult Q2

9th August 2016 Daniel Lanyon

  The VPC Specialty Lending Investment trust is looking to up its stake in balance sheet lending with profits from its marketplace loan holdings and move away from Funding Circle US’ exposure.   More ...

New CEO Sanborn upbeat after Lending Club hit with worst quarter, CFO resigns

9th August 2016 Daniel Lanyon

Scott Sanborn says a difficult quarter and departure of Lending Club's chief financial officer will draw a line under the beleaguered platform's recent wobbles.    US marketplace ...

TradeRiver Finance reaches milestone of lending £100m to UK Business

8th August 2016 Lisa Walls-Hester

TradeRiver Finance has reached a significant milestone, lending £100m to high growth SME businesses in the UK.   TradeRiver Finance has provided trade credit for 1,600 separate transactions ...

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

4th August 2016 Ryan Weeks

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 ...

Brexit could be good for direct lending and alternative credit funds, says BlueBay's Fobel

28th July 2016 Daniel Lanyon

The past month since the United Kingdom’s historic vote in favour to leave the European Union has created a new wave of uncertainty for investors, but BlueBay's head of its direct lending business ...

P2P Global Investments sees NAV growth shortfall, slashes management fee

27th July 2016 Daniel Lanyon

The investment trust saw its growth in net asset value fall short of its projected run rate to meet its target yield in the first half of 2016 but the portfolio’s lead manager Simon Champ is optimistic ...

Ranger Direct Lending fund completes Z share placement

25th July 2016 Daniel Lanyon

The listed direct lending portfolio has added more investor cash in a bid to increase its leverage and raise its yield.   The alternative credit investment trust Ranger Direct Lending has completed ...

Star fund of funds manager Craig: Why I am buying alternative credit funds but avoiding P2P

21st July 2016 Daniel Lanyon

The head of Old Mutual Global Investors’ Cirilium range of fund of funds has been buying up newly launched investment trusts in the nascent alternative credit space.   The likes of the ...

Funding Circle SME Income Fund raises £14.5m through ordinary share placing

21st July 2016 Daniel Lanyon

Following on from the news that the fund was shifting away from raising new cash through a C share issue to ordinary shares, AltFi can reveal the completion of the placing.   The Funding Circle ...

Lending Club lands former BlackRock boss as chief capital officer

18th July 2016 Daniel Lanyon

In a bid to shore up confidence in the post-Laplanche era Lending Club’s new CEO Scott Sanborn has hired a former leader of BlackRock’s passive funds business.   US marketplace ...

Lendix launches first ever SME lending fund in ELTIF structure

14th July 2016 Daniel Lanyon

The Paris-based SME lending platform has launched the first European Long Term Investment fund (ELTIF) dedicated to SMEs.   French marketplace lending platform Lendix has received the go ...

Direct lending funds most popular for alternative credit investors, finds survey

14th July 2016 Daniel Lanyon

A survey of investors by Elian shows those invested in the broad alternative credit space are most bullish on direct lending over other strategies on a two year view.   Direct lending is the ...

Funding Circle SME Income fund to tap market in ordinary share issue due to Brexit market fallout

13th July 2016 Daniel Lanyon

The Funding Circle SME Income fund will issue up to £15m of ordinary shares at a small premium rather than raise capital through a C share issuance as previously reported, according to regulatory ...

VPC Specialty Lending hit with negative month, announces share buybacks

6th July 2016 Daniel Lanyon

The £388m VPC Specialty Lending investment trust has seen a 0.62 per cent fall in its net asset value (NAV) for the month of May. The news is a blow to investors who have already seen pressure ...

Will Neil Woodford’s new higher income fund hold P2P to boost its dividends?

6th July 2016 Daniel Lanyon

The manager is looking to launch a new fund that will target a higher yield than his flagship Woodford Equity Income fund, a big investor in P2P investment trusts.     Star fund  manager ...

Lending Club fund hit by first negative month

4th July 2016 Daniel Lanyon

An $800m fund controlled and run by the beleaguered US platform Lending Club is set to suffer its first negative month in terms of returns in its 64 months of trading. The news is another blow to the ...

P2P Global Investments continues buybacks, discount narrows

30th June 2016 Daniel Lanyon

The P2P Global Investments trust has bought back its owns shares for the third day running this week amid the Brexit-induced volatility in global stock markets. AltFi broke the news on Tuesday that ...

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

28th June 2016 Ryan Weeks

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 ...

Exclusive: P2P Global Investments initiates share buybacks amid market sell off

28th June 2016 Daniel Lanyon

The largest closed-ended portfolio offering exposure to the P2P/marketplace lending space the £871m P2P Global Investments trust has bought back its own shares for the first time in the Brexit market ...

Supreme Court rejects Midland appeal in major blow to marketplace lenders

28th June 2016 Ryan Weeks

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 ...

P2P/marketplace lending should outperform in a downturn, says Polar Capital's Brind

27th June 2016 Daniel Lanyon

The manager of the Polar Capital Income Opportunities fund owns P2P and marketplace lending exposure instead of regular credit as he thinks it could stand up better in a prolonged period of down market ...

P2P Global Investments, VPC Specialty Lending et al hold up as markets plummet in Brexit sell off

24th June 2016 Daniel Lanyon

The Brexit vote has prompted chaos in financial markets as investors jettison UK equities.  At the peak of selling this morning the FTSE 100 had lost 8 per cent but at the time of writing this has ...

Should P2P and alternative credit funds be part of your Brexit strategy?

23rd June 2016 Daniel Lanyon

The polls are neck and neck. It’s too close to call either way but should the United Kingdom vote to leave the European Union it is fair to say the implications for investors could be profound. Sterling ...

Alternative credit fund Hadrian’s Wall floats in first investment trust IPO of 2016

22nd June 2016 Daniel Lanyon

A new closed-ended fund Hadrian’s Wall Secured Investments has raised £80m versus a targeted £150m in the first listing of an investment trust on the London Stock Exchange in 2016 so ...

Funding Circle SME Income fund considers C share issue, announces first dividend

20th June 2016 Daniel Lanyon

The latest investment trust offering exposure to the burgeoning P2P/marketplace lending space the Funding Circle SME Income Fund is looking to tap more investor cash in its first C share issue, according ...

EXCLUSIVE: My fund can gain from platforms market turmoil, says P2P Gl’s Simon Champ

17th June 2016 Daniel Lanyon

It has been a tough month for investors in P2P and direct lending trusts in terms of market sentiment but the outlook is stronger than ever for closed-ended funds in the space, argues Eaglewood’s ...

VPC Specialty Lending Trust cuts dividend, dips into reserves

15th June 2016 Daniel Lanyon

The Victory Park Capital (VPC) Specialty Lending Investments Trust used its reserve cash to partly fund its latest shareholder dividend, according to regulatory filings to the London Stock Exchange. The ...

Ranger Direct Lending plots Z-share issue

7th June 2016 Daniel Lanyon

The £155m alternative credit investment trust Ranger Direct Lending is considering a new round of fundraising to launch Z-shares worth up to £30m, according to documents filed on the London ...

Forget Lending Club, there’s a buying opportunity in the likes of P2P GI and VPC investment trusts, says Cantor’s Tepes

31st May 2016 Daniel Lanyon

Marketplace lending trusts have had a rough ride of late, but this has only served to make them more attractive according to Cantor Fitzgerald’s Monica Tepes.   Investors should treat ...

P2P and marketplace lending funds not platforms are the threat to banks, says Deloitte report

26th May 2016 Daniel Lanyon

The rapidly growing demand for P2P and marketplace lending funds is the leading threat to banking’s traditional lending territory within the alternative finance space rather than the plethora of ...

Blue Elephant to Resume Prosper Loan Purchases

26th May 2016 Ryan Weeks

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 ...

“It’s the known unknowns that are creating all the problems”: GLIF’s Whelan thinks Marketplace Lending Trusts’ Discounts Will Narrow

24th May 2016 Daniel Lanyon

The CEO of GLI Finance reveals why he thinks marketplace lending trusts have seen a hit in sentiment in 2016 but also why this should not last.   Investors in marketplace lending investment ...

Direct lending funds most popular for alternative credit investors

14th July 2011 Daniel Lanyon

A survey of investors by Elian shows those invested in the broad alternative credit space are most bullish on direct lending over other strategies on a two year view.   Direct lending is the ...