UK

Brief: Funding Secure Fails – Now in Administration

wiseclerk 2 Comments

fundingsecure logoUK property p2p lending marketplace Funding Secure was placed in administration today, Oct. 23rd, 2019. Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson of CG & Co were appointed Administrators of the Company. No deposits and withdrawal requests from investors are currently processed anymore. More detailed information is provided in this FAQ.

Funding Secure provided roughly 315M GBP funding, mostly for property development loans, but also for pawn loans. The outstanding loan book stands at approximately 80M GBP. The accumulated loan book represents approximately 486 loans from about 3,500 investors.

The FCA has issued a statement on this page.

This is the 3rd failure of a British property p2p lending marketplace following the earlier demise of the platforms Collateral and Lendy.

 

The Rise of UK Fintech – Video

wiseclerk

A look back on the past 11 years, that saw the rise of numerous UK fintech players. How the financial crisis provided a hotbed for startups to foster and grow rapidly. The video by 11FS is an hour long and delivers and interesting recap. There is also a report.

International P2P Lending Volumes September 2019

wiseclerk 2 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 639 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Milestones in culumulative volume lent crossed this month:

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.


Table: P2P Lending Volumes in September 2019. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes August 2019

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 634 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Milestones in culumulative volume lent crossed this month:

  • Bondora*: 250M EUR
  • Fellow Finance: 500M EUR
  • Mintos*: 3000M EUR
  • Thincats: 500M GBP

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

P2P Lending Statistic 08/2019
Table: P2P Lending Volumes in August 2019. Source: own research
*The Mintos figure is a bit too low this month, as it misses the originations from the last two days.

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes July 2019

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 611 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending stats July 2019
Table: P2P Lending Volumes in July 2019. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes June 2019

wiseclerk 3 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 613 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Milestones achieved this month (total volume since launch):

  • Archover crossed 100M GBP
  • Credit.fr crossed 50M EUR

Arboribus is listed for the last time, as the platform will cease to originate new loans.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistic june 2019
Table: P2P Lending Volumes in June 2019. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →