Category: Background

Zopa break £400million mark

October 23rd, 2013
Zopa have today broken the £400millon mark by arranged loans.  This is significant considering that a quarter of these loans were arranged within the last 6 months.  With rates to borrowers having fallen also during this period, we expect this rate to i… more »

P2P lending reaches £50million per month

October 13th, 2013
P2P Money
It was back in April 2013 that peer to peer lending had grown to such a level that £850,000 of new loans were being arranged every day.  That itself was a great achievement for an industry which was growing at around 100% per annum.  In the space of six… more »

Funding Circle raise minimum rates

August 21st, 2013
Funding Circle
Funding Circle have announced they will be raising some of the minimum lending rates by up to 0.2% from September.  As peer-to-peer lending becomes more popular there is a race towards the bottom on lending rates, and there is the concern that lenders a… more »

P2P regulation - what do you want?

July 24th, 2013
The new Financial Conduct Authority (FCA) will take responsibility for peer-to-peer lending platforms from next year, and will be looking to protect both lenders and borrowers on these platforms. The FCA is consulting the industry and c0nsumers on the… more »

Funding Circle clarify postion with Santander

July 23rd, 2013
Funding Circle
Following the article we reported on in the Financial Times, Funding Circle have very kindly clarified their position, stating that the discussions that have taken place are at a very early state. Here is the response from Samir Desai, the CEO of Fundi… more »