In the news - 05.08.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech
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New UK P2P lender Orchard Lending Club launches

 

Last week, UK peer-to-peer lending platform, Orchard Lending Club, officially launched and is now offering investors the opportunity to earn up to 7.08% interest per annum over a five-year period by lending finance to creditworthy professional practices and schools and their clients. (CrowdFund Insider)


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Sancus BMS Group strengthens ownership of Platform Black


Platform Black have announced that their majority shareholder – Sancus BMS Group have increased their shareholding in the firm demonstrating their further commitment to the future of the business in the UK funding market. (Business Money)


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ArchOver Tops £20 Million in Lending


ArchOver has announced topping £20 million in lending. ArchOver is supported by Hampden Group, a financial firm that manages insurance assets and is, in fact, the largest members’ agency at Lloyd’s. (CrowdFund Insider)


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Lenders forced to eye alternative funding options in market freeze – Phoebus


The aftermath of the EU Referendum and direction on the next bank base rate movement are causing a degree of uncertainty in the market, to say the least. Richard Pike explains why this is forcing lenders to look to alternative funding models. (Mortgage Solutions)


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Increase in Global Lending of MSMEs to Drive the Global Peer-to-peer Lending Market Until 2020, Reports Technavio


LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global peer-to-peer (P2P) lending market to grow at a CAGR exceeding 53% during the forecast period, according to their latest report. (Business Wire)


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UK fintech startups raised £40 million in July, showing Brexit hasn't killed the hot sector


British fintech startups have announced at least £40 million of investment in just over a month since the referendum on the UK's membership of the European Union, according to an analysis by Business Insider. (Business Insider)


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TISA launches new P2P Forum


TISA, the financial services membership organisation, has launched a new P2P Forum to help shape policy in the peer-to-peer lending sector. (AltFi)


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