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 – Zopa’s Giles Andrews has a new job. More specifically, another job. Andrews has just been announced as non-executive chairman of MarketInvoice, which recently passed the £1bn mark in invoices funded to date.
Two nuggets of good news for Funding Circle, which is just behind Zopa in the top spot as the UK’s largest P2P lender. Firstly, it is looking to raise a substantial amount of cash through its listed fund. Secondly, its – and Europe’s – first securitiisation has seen a boost in the form of an upgrade from ratings agency Moody’s.
P2P platform Landbay is turning to crowdfunding for capital. The buy-to-let mortgage lending platform, is hosting a £1.5m equity crowdfunding round on Seedrs. Landbay is already overfunded, with more than £1.7m invested so far.
Join AltFi for its third annual Alternative Income Forum, exploring closed-ended funds (investment trusts) specialising in generating an income using alternative assets such as specialist finance, P2P lending, direct lending, asset leasing and more. Hear from the leading investors and fund managers in this rapidly growing market.