Made in the UK

November 10th, 2011

There is an interesting article on P2P Money about the fact that peer-to-peer lending originated in the United Kingdom.

Peer lending exceeds £100million

November 8th, 2011

P2P Money can announce today that peer-to-peer lending and peer-to-business lending in the UK now exceeds £100million in current loans.  The major players in the peer lending market are shown below with Zopa, Funding Circle and RateSetter accounting for 98% of all peer-loans in the UK.

Peer-lending loans

This is a great milestone for the peer-to-peer and peer-to-business market in the UK, and shows a large year-on-growth of this industry.

civilisedmoney to enter P2P market

November 7th, 2011

A new company called civilisedmoney is planning on launching peer-to-peer lending and borrowing to the existing crowdfunding portfolio around Q1 2012.

Jason Scott, co-founder of civilisedmoney stated to P2P Money:

We see an opportunity to establish civilisedmoney as a 'one stop shop' (for want of a better explanation!) of P2P and crowdfunded products.  Through the core technology platform we will be able to roll-out a number of products, enabling us to cut the cost of using these - once funds are on the platform moving them between the different products is a simple and fast process.

We and others sense the time is right for P2P to go mainstream as a viable (and increasingly preferable) alternative to some of the products and services currently offered by banks.

We certainly agree that peer-to-peer lending and borrowing is becoming mainstream and the latest figures published by P2P Money show that almost £100million is on loan through peer-to-peer.

RateSetter raise £1.5million

November 7th, 2011
RateSetter

RateSetter have announced they raised £1.5million in funding.  Here is an except from their press release.

Leading peer-to-peer finance website RateSetter.com has announced the conclusion of a fundraising round which has seen the company raise £1.5m. The raise was oversubscribed and was completed in a matter of weeks. RateSetter.com launched in 2010 and matches Savers with creditworthy individuals looking for a personal loan. With 70,000 registered members RateSetter has matched over £10 million, with every lender receiving every penny of expected capital and interest.

This is good news for customers of RateSetter and it shows their backers have confidence in the business.

Funding Circle £25 gift voucher

November 2nd, 2011
Funding Circle

For those users who have signed up to Funding Circle via P2P Money, it has been confirmed your £25 gift vouchers will be sent in January if you have successfully lent the required amount.

Terms and conditions apply.