Category: Background

Funding Circle close forum

April 28th, 2017
Funding Circle
Funding Circle announce the closure of their forum.  Funding Circle follow Zopa which closed their forum in February 2016.  They are also encouraging users to move over to the P2P independent forum. Reaction to the news on the P2P Independent Forum was… more »

Innovative Finance ISA

April 3rd, 2017
With only a short window remaining within this tax year, the majority of peer-to-peer platforms still have not received full FCA authorisation, and are therefore unable to offer the new Innovative Finance ISA (IFISA).  However there are a number of P2P… more »

Ablrate obtain full FCA authorisation

March 31st, 2017
Two more peer-to-peer lending platforms have received full authorisation from the FCA today.  The first of these today was Ablrate. Here is the article on the Ablrate website: We are pleased to announce that Aviation and Tech Capital Limited, the co… more »

Saving Stream rebrands as Lendy

March 30th, 2017
Lendy
Saving Stream has rebranded itself as Lendy. Saving Stream was previously the trading name of the peer-to-peer lending arm of Lendy Ltd. It is likely the name "Saving" in Saving Stream could have caused some confusion among consumers as there is a clea… more »

Saving Stream default repaid in full

March 1st, 2017
Saving Stream
Saving Stream have announced that they have repaid all lenders for loan PBL020, along with interest.  There was a shortfall in the realised amount following the sale of the asset, but this has been covered by the Saving Stream provision fund.  This has… more »