Archives for: June 2016

Funding Knight bought by GLI Finance

June 29th, 2016
FundingKnight
Funding Knight was placed into administration and immediately bought by GLI for £750,000 with the promise of a further £1million of capital to finance ongoing operations. GLI Finance (www.glifinance.com) is a specialist provider of finance to small and… more »

Landbay close fixed rate product

June 17th, 2016
Landbay
Landbay, one of the leading peer-to-peer companies, has closed its fixed rate product.  Lenders who have enabled the Auto Reinvest option will have any funds lent on on the LIBOR tracker, which offers a lower rate of interest.  We hope this is only a sh… more »

What effect will "Brexit" have on peer-to-peer lending?

June 9th, 2016
The upcoming referendum on the UK's continued membership of the European Union is certainly a contentious issue with viewpoints becoming polarised.  A recent poll on the P2P Independent Forum showed a bias towards members favouring an exit rather than r… more »

Folk2Folk pass £100million mark

June 7th, 2016
Folk2Folk
Leading P2P provider Folk2Folk have joined the select club of peer-to-peer companies that have lent more that £100million.  Based in Cornwall the company has a growing high street presence as well as the internet.  To date Folk2Folk has not experienced… more »