Category: Background

Institutional lenders "cherry picking"

May 27th, 2015
P2P Finance Association
There have been several press articles and a discussion on the P2P Independent Forum concerning institutional lending on peer-to-peer platforms "cherry picking" loans.  The Peer-to-Peer Finance Association is belived to be looking at amending its operat… more »

Metro Bank lending through Zopa

May 19th, 2015
Zopa
Zopa has today announced that it has entered into an agreement with Metro Bank to allow funds to be lent through Zopa's peer-to-peer lending platform.  This follows previous agreements between banks to refer borrowers, but this is one of the first where… more »

Funding Circle API Update

May 1st, 2015
Funding Circle
Funding Circle announced a closed beta of their API back in November 2013, and since then developers - including those at P2P money - have been eagerly waiting for this functionality.  We asked Funding Circle for an update in March 2014 and we received… more »

Budget 2015

March 19th, 2015
The 2015 budget didn't contain any firm commitments on the ISA front there was the confirmation that lenders will be able to offset their P2P losses from April 2016. Excepts from the Budget 2015 document: 2.83 Extending ISA eligibility – The list of… more »

The largest peer-to-peer company

January 13th, 2015
For years Zopa were regarded as the "largest" peer-to-peer lender in the UK.  This should not be surprising as they were the first and had been been running for several years before any serious competition emerged.  However RateSetter now state the foll… more »