Category: Lending

Funding Circle passes £1.5billon mark

September 29th, 2016
Funding Circle
Funding Circle announced that it had broken the £1.5billion lending mark, the second UK peer-to-peer company to reach this after Zopa. Stop press. We’ve hit £1.5 billion lent to British businesses! It was after 5 years, 4 months and 10 days we celeb… more »

Zopa reduce lending rates

September 2nd, 2016
Zopa
Zopa have announced that they will be reducing lending rates by 0.2% from 8th September following the reduction in the Band of England base rate. Here is the email sent to Zopa lenders: We're writing to let you know about upcoming changes to headlin… more »

BridgeCrowd updates website

August 13th, 2016
BridgeCrowd
Peer-to-peer bridging lending company The BridgeCrowd have revamped their website and logo.  The updated website has a greatly improved customer experience with the ability for lenders to view and interact with their loans.  For lenders that have not ye… more »

RateSetter to retire 3 year market

August 3rd, 2016
RateSetter
RateSetter have announced in their July statement email sent to lenders that they plan to retire the 3 year market from October. Unlike some of their competitors this is the first time that RateSetter has actually retired a market. It is likely some l… more »

Funding Knight bought by GLI Finance

June 29th, 2016
FundingKnight
Funding Knight was placed into administration and immediately bought by GLI for £750,000 with the promise of a further £1million of capital to finance ongoing operations. GLI Finance (www.glifinance.com) is a specialist provider of finance to small and… more »