Industry News

Funding  Circle Flotation Underway

Peer to Peer lender, Funding Circle has confirmed plans to list on the London Stock exchange in a flotation that it hopes will raise £300m.   The flotation plans were announced at the beginning of September, along with a registration document containing a detailed breakdown of Funding Circle’s current position in the P2P lending market,…

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Barclays Buys Into MarketInvoice

Barclays has announced plans to partner with MarketInvoice, in a move that will also see the banking giant taking a minority stake in the online business lender.   Established in 2011, MarketInvoice offers a variation on the invoice discounting theme by enabling businesses to borrow against their debtor books via an online platform connecting them…

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FCA Signals Tighter Controls on Peer to Peer Lending

The Financial Conduct Authority has published proposals aimed at providing a greater degree of protection for investors who lend to individuals and businesses through Peer to Peer (P2P) platforms.   To date the FCA has taken a ‘softly, softly’ approach to the regulation of marketplace lending, taking the view there was a need to encourage…

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Funding Circle Replaces  Downloadable Loanbook With Quarterly Report

Peer-to-Peer lending platform  Funding Circle has announced that retail investors will no longer have access to a downloadable loanbook. Instead – in a switch to quarterly reporting – data on loans will be made available through a new statistics page, which will be updated every three months. Signalling the change via its corporate blog, Funding…

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Private Debt Investors Increasingly Drawn To Special Situations Deals

Private debt investors are increasingly targeting higher risk deals, according to research published by alternative asset market intelligence provider Preqin.   In its latest quarterly Private Debt Market Update, Preqin estimates that there are more than 3,200 active private debt investors globally, and within that community the appetite for exposure to deals involving distressed debt…

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MarketInvoice Joins RBS/NatWest’s Alternative Finance Marketplace

Invoice trading platform MarketInvoice has joined the Royal Bank of Scotland/NatWest Capital Connections panel, joining a group of alternative finance providers that also includes Peer to Peer Lender, Funding Circle and Assetz Capital. The Capital Connections Panel was set up by the High Street banking group to help businesses that were unable to attract traditional…

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