civilisedmoney raises £100,000

November 11th, 2011

A few days ago I mentioned that a new company - civilisedmoney - would be entering the peer-lending market in Q1 2012.  They managed to raise £100,000 by selling 10% of the company by crowdfunding, which is quite an amazing achievement.  I look forward to see what further innovation they can bring to the peer-lending arena.

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.