The Daily FinTech offers some “take-aways” from the recent Lendit conference in London, which focused on alternative finance and crowdfunding. We offer an extended excerpt below, with the full article available here. THE INDUSTRY NEEDS LOTS OF EDUCATION AND UNDERSTANDING The P2PFA which was co-hosting the conference, was not the only one, to repeatedly address the […]
Our friends at Crowdfundinsider report on a recently published study, commissioned by the UK Peer to Peer Finance Association (P2PFA). The research looks at the economics of the peer-to-peer (P2P) lending market in the UK. “The independent assessment, provided by the economic consulting firm of Oxera, analysed the risks, costs and benefits of peer-to-peer lending and […]
Today, we bring you news of consolidation in the peer-to-peer (P2P) lending market. Our tale manifests this in two different ways, on either side of the Atlantic. In the UK, figures from the P2PFA, a trade body representing the larger P2P platforms, show a minor contraction in the rate of lending growth: “The UK marketplace lending sector […]
Lending amongst crowdfunding’s biggest (peer-to-peer) P2P operators fell in the second quarter. There’s one clear reason why: it is, paradoxically, uncertainty. Uncertainty is one way of describing the UK’s economic and financial climate, post-Brexit vote. Our friends at Bridging & Commercial report events this way: “A £57m drop in new peer-to-peer lending between Q1 and […]
The crowdfunding industry is still very young. Arguably any company over five years old is a veteran of the space. So practitioners, investors and lenders alike are presented with an opportunity and a challenge. We have an opportunity as the new kids on the block to provide better value for lenders and investors and to […]
FT Adviser carries a report of welcome words from City minister Harriett Baldwin. Ms Baldwin has branded peer-to-peer lending a “brilliantly innovative new form of finance – which we want to see continue to grow and evolve.” “In a speech to the Peer-to-Peer Finance Association (P2PFA) Ms Baldwin said peer-to-peer lending can plug the funding […]
Just to remind you, as peer-to-peer (P2P) crowdfunders bringing people and businesses together, we are a FinTech business – that is, a financial technology business. Christine Farnish of the P2P Finance Association, an industry body that represents some of the older players in the P2P sector, writes in CityA.M. on an innovative P2P-focused app from […]
The rise and rise of crowdfunding in general, and the peer-to-peer (P2P) business-lending sector in particular, continues. New figures from AltFi Data show that UK P2P lenders’ cumulative business now stands at more than £4 billion. Britain is way ahead of the rest of Europe, which together amounts to just over £1 billion. “As we often […]
We warmly welcome more good news in our sector. The latest figures from the Peer-to-Peer Finance Association (P2PFA) show “over £500 million of new consumer and small business loans have been provided by peer-to-peer platforms since April, the fastest rate of growth yet,” says the P2PFA. Cumulative lending by P2PFA members – including eight of […]
We’ve reported several times in this news section on the risk of losing the crowd in crowdfunding. By that, we mean the risk that platforms might favour big lenders – be they high-net-worth individuals or institutions – at the expense of the smaller lender with a few hundred or thousand pounds to commit. Judith Evans […]