The latest news from the world of Alternative Finance and FinTech world
In the news this week
With RateSetter reaching the £2bn lending milestone this week, the question has been asked, who will be the first £3bn P2P lender? This week has also seen British fintech startup Neyber secure £21m in funding, Venmo continue to shine for PayPal and MarketInvoice lend more than £4m in a record day of trading!
LendInvest leaves the Peer-to-Peer Finance Association
The Peer-to-Peer Finance Association (P2PFA) has confirmed that LendInvest has withdrawn its membership of the self-regulatory body.(Bridging & Commercial)
Who will be the first £3bn P2P lender?
It has been a busy quarter for the “big three” peer-to-peer lenders with Zopa, Funding Circle and RateSetter all reaching the £2bn ... (Peer2Peer Finance News).
British fintech start-up Neyber secures £21m in funding
What do several thousand police officers, two former Goldman Sachs executives and an Indian investment company have in common? (Financial Times)(Subscription required)
Peer-to-peer lender RateSetter announced on Monday that it has passed £2 billion in loans over its platform, with more than £1 billion of the total made since the beginning of 2016. (Business Insider)
Klarna launches a peer-to-peer payment app called Wavy
Fintech startup Klarna grew thanks to its e-commerce payment service, but now the startup is diversifying a bit. The Swedish company is launching Wavy, a free peer-to-peer payment app and service. (Tech Crunch)
MarketInvoice breaks £4m barrier on record day of trading
MarketInvoice had a record trading day on Monday, channeling £4.1m to UK businesses against their invoices. (Peer2Peer Finance News)
Bridging loans bounce back following Brexit blip
In the wake of the Brexit vote which took the majority of investors by surprise, bridging lending in the UK suffered a rather unfortunate dive. However, confidence appears to be increasing once again, as reports confirm a significant increase in bridging lending to £4.2 billion in April. (Small Business)
Venmo continues to shine for PayPal
Venmo, PayPal's stand-alone peer-to-peer (P2P) payment offering, posted another exceptional quarter, according to its earnings results. (Business Insider)
The Marketing Eye says
Analysis: InsurTech & Insurance Websites vs Top UK Sites
Many of us have used a tool like Google’s Page Speed Insights to assess our website’s strengths and weaknesses. Have you ever wondered how your website compares ...
Why can’t we make faster business decisions?
Malcolm Gladwell, in his book Blink, argues that the lengthy procrastination that often takes place in decision-making is ‘post self-justification’, because we ...
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