Tags: fca

Wellesley & Co suspend P2P lending

May 26th, 2017
Wellesley & Co.
Wellesley & Co have announced that they are suspending peer-to-peer lending on the platform.  The reason for this is likely due to pressure from the FCA to change their business model. As we progress towards full authorisation by the Financial Co… more »

Funding Circle obtain full FCA authorisation

May 24th, 2017
Funding Circle
Funding Circle has announced it has received full authorsiation from the FCA, two weeks after Zopa. Below is a copy of the email sent to customers: We are very pleased to to announce that Funding Circle has today received full authorisation from the… more »

Zopa obtain full FCA authorisation

May 11th, 2017
The world's first peer-to-peer lending company Zopa has announced it has received full authorisation from the FCA. Zopa launched the concept of peer-to-peer lending in March 2005 and remains one of the leading platforms in the UK. Zopa becomes the first… 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 »

FundingSecure obtain full FCA authorisation

March 31st, 2017
As we reported earlier, today two platforms received full authorisation from the Financial Conduct Authority.  The second of these was FundingSecure.  They have also announced that they will be offering an Innovative Finance ISA once their application h… more »