Tags: wellesley & co

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 »

Insight into FCA requirements

October 27th, 2016
FCA
Yesterday I received an email from a peer-to-peer lending platform concerning some changes to their lending model.  The platform states that these changes have been requested by the FCA in order to make their lending model compliant with the relevant le… more »

Collateral promoted, Wellesley & Co relegated

August 26th, 2016
Collateral
There are numerous metrics to gauge the growing success or falling favour of a peer-to-peer platform, including loans arranged, current loan book value, reviews or industry awards. How often a company is mentioned in the press or discussed can also be a… more »

Skin in the game

August 18th, 2016
P2P Independent Forum
There has been some discussion on the P2P Independent Forum about peer-to-peer platforms having "skin in the game".  This refers to peer-to-peer companies investing some of their own funds in each loan.  Wellesley & Co became the first peer-to-peer… more »

What are mini-bonds?

June 28th, 2015
There are several peer-to-peer and crowdfunding companies, including Wellesley & Co and CrowdCube offering "mini bonds".  But what are mini bonds?  Choice Loans have put together an informative infographic on the subject. View Interactive Version (… more »