Blog

  • Secret Investor: Record breaking start of the year for Zopa and Funding Circle

    It has been a record breaking start to the year for both FundingCircle and Zopa with the latter narrowly winning the race to get to £2 billion Total Lent… Money & Co received full authorisation from the FCA this week but LendingWorks are one jump ahead as they’ve become the most recent P2P platform to offer an Innovative Finance ISA.

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  • Secret Investor: The Major P2P Platforms Still Don't Offer ISAs

    Frustratingly for lenders, as we approach the end of another tax year, the major P2P platforms are still unable to offer ISAs… Funding Circle secure a further £80 million of venture capital as their UK operations record a profit in the final quarter of 2016.

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  • Secret Investor: ThinCats predict P2P interest rates and defaults will reduce in 2017

    The New Year is a time for forecasts and ThinCats predict that both P2P interest rates and defaults will reduce in 2017 – on their site at least. Meanwhile LendingCrowd are the latest to introduce a managed account.

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  • Secret Investor: FCA concerned about managed funds

    In their latest report on the P2P sector, the Financial Conduct Authority (FCA) expressed concerns about Managed Funds such as Assetz Capital’s Quick Access Account and Money & Co’s Portfolio Service. As these distribute funds to borrowers who are unknown to investors and are often backed by Provision Funds that imply capital returns are guaranteed, these are similar to bank accounts but P2P companies do not have to comply with the rigorous regulations that exists in the banking sector.

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  • Secret Investor: Funding Circle continues to break records

    Following last week’s Autumn Statement, a fresh injection of £400 million to the Government’s British Business Bank will make further capital available to Funding Circle’s borrowers as the most prominent P2P platform continues to break records.

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  • Secret Investor: Zopa submit an application to become a bank

    Interest rates on Personal P2P Loans continue to plummet… Zopa submit an application to become a bank… Assetz Capital list 9 loans to fund Wind Turbine Projects ahead of the withdrawal of Government subsidies

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