AltFi News - 13.01.17

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world
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Peer pressure takes its toll on lenders

 

If you want to understand why various British peer-to-peer lenders might be in trouble, you could do worse than go to the website of Sainsbury’s Bank, the wholly owned lending division of the eponymous supermarket chain. (The Times)


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Offshore company backs crowdfunding firm run by minister's brother


An offshore company that owns a major stake in a polling company founded by a senior Conservative MP has given financial backing to a crowdfunding business run by the brother of a minister involved in crowdfunding regulation, the Guardian can reveal. (The Guardian)


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Facebook prepares to take P2P payments abroad


Last fall, Facebook received an e-money license from the Central Bank of Ireland, clearing the way for it to offer payment services across EU member states, pending approval from their own central banks. (Business Insider UK)


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UK's Funding Circle, an online marketplace lender, raises $100 million


Funding Circle, a peer-to-peer lending marketplace used by small- and medium-sized companies, has raised $100 million in an investment round led by venture capital firm Accel. (REUTERS UK)


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LandlordInvest gains ISA manager status from HMRC


LandlordInvest has been approved by HMRC as an ISA manager, paving the way for the launch of its Innovative Finance ISA (IFISA), Peer-to-Peer Finance News has learnt. (Peer2Peer Finance News)


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Spending boom as shoppers and businesses ramp up borrowing


Shoppers and business owners have signalled confidence in spending more, suggesting the credit-fuelled growth seen in late 2016 is showing few signs of flagging. (The Telegraph)


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Click here for news and insights from the world of Alternative Finance and FinTech

 

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