UK based P2P lender Proplend claims it almost reached profitability in 2020 despite COVID-19
UK-based P2P lender Proplend almost managed to reach profitability this year despite COVID-19 related challenges.
Sourced Capital hits £10m milestone
Warrington-based peer-to-peer lending company Sourced Capital has raised more than £10m in P2P finance loans during 2020.
Ready Money offering technology-driven financial solutions for individuals and businesses
Ready Money Capital Limited recently started offering technology-driven financial solutions to their individual and corporate clients.
LendInvest Update: Raises LTVs to 80% and launches funding for student lets/first-time landlords
LendInvest, a UK marketplace for property financing, has broadening its lending criteria to include first-time landlords and student lets.
Lending Works and Lendable named in Tech Track 100
Peer-to-peer lending platforms Lending Works and Lendable have been named in the Tech Track top 100 fastest-growing tech companies in the UK.
London’s Propio, which offers “Simple, Affordable, Tax Efficient Ways” to invest in property, to launch P2P lending platform
Propio, a platform that aims to provide a “simple, affordable, and tax-efficient way” to invest in property, has secured new capital.
Passion Capital has backed Fronted, the startup that wants to offer loans to cover rent deposits
Fronted, the new London-based startup aiming to make life easier for renters, has picked up seed investment from Passion Capital.
Indonesia study: P2P lenders create thousands of jobs, reduce poverty
Peer-to-peer (P2P) lending platforms have provided jobs for more than 362,000 Indonesians and reduced the poverty rate by 0.7 per cent – equal to 177,000 individuals – as they provide access to financing in cities and remote areas alike, a study said last week. The study was conducted by local think tank Institute for Development of Economics and Finance (Indef) and the Indonesian Fintech Lenders Association (Asosiasi Fintech Pendanaan Bersama Indonesia, AFPI). Speaking during the study’s launch in Jakarta, Indef researcher Izzudin al-Farras said: “P2P lending enables MSMEs [micro, small and medium-sized enterprises] to boost production and thus can directly impact the country’s gross domestic product [GDP],” P2P platforms have […]
