Ablrate closes it's largest aircraft backed loan in 13 days
Ablrate announced its largest aircraft loan so far has reached its £1.8 million ($2.5 million) target within 13 days. (Monitor Daily)
FCA denies their ISA rules contradict HMRC rules
The Financial Conduct Authority has denied it produced draft rules for the Innovative Finance ISA that contradict those produced by HM Revenue & Customs. Jake Wombwell-Povey, chief executive of peer-to-peer technology provider Goji, argued in the consultation paper that the FCA appears to “directly contradict” information recently provided by HMRC on how the Innovative Finance ISA will work. (FT Adviser)
RateSetter made peer-to-peer loans from contingency fund
UK-based peer-to-peer platform RateSetter has been lending to businesses from a fund set up to protect investors against losses, in a move that triggered complaints from users. (FT)
Baldwin says Fintech needed to make financial services work
Economic secretary Harriett Baldwin has said Fintech “helps normal people in their daily lives” by giving them extra choices. Harriet was speaking at the Association of British Insurer’s event on Fintech and insurance on Monday, 22 February. (FT Adviser)
P2P lender unveils product details ahead of ISA launch
Peer-to-peer platform Zopa is to launch a range of lending products ahead of the introduction of the Innovative Finance ISA in April. (FT Adviser)
Real estate most popular sector for alternative finance
Real estate was the most popular sector for online alternative finance investments and loans in 2014/2015, with the combined debt and equity-based funding for the sector reaching £700m. (PropertyWeek.com)
SMEs looking to international expansion held back by banks, research suggests
North East SMEs with their sights set on international expansion are being hindered by poor service, unclear fees and a lack of appropriate products when using banks for international currency transfers, new research suggests. (Chronicle Live)
Unique P2P lending marketplace Mintos raises €2 million seed funding from Skillion Ventures
Latvia’s peer-to-peer lending marketplace Mintos announced it has closed its seed funding round, which has attracted €2 million from Skillion Ventures, a Riga-based venture capital firm. (Crowdfund Insider)
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