Why Relationships Still Matter: How Community Banks Saved The Country During Covid-19 Republic’s First Three Real Estate Offerings Have Already...
The Ranger Direct Lending Fund has reported plans for share issuance totaling 200 million British pounds through 2017; the Fund currently has a 40 million British pound issuance planned for December; it also raised 30 million British pounds in July and 23.2 million British pounds in November of 2016; according to a statement from Ranger Direct Lending, "The company believes that debt instruments originated or issued by direct lending platforms are an attractive and growing asset class that have the potential to provide higher returns for investors than other, more widely available, fixed income products."; growth from the asset class and potential returns are factors driving the new issuances. Source
UK based digital bank Revolut appointed Standard Life Aberdeen co-chief executive Martin Gilbert as an advisor along with a number...
UK property lender, LendInvest, has completed a £285 million securitization of prime “buy-to-let” mortgages; it received a AAA rating for...
Stripe, an online payment processing platform, announced the official release of Stripe Apps and the Stripe App Marketplace on Tuesday.
The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.
The UK Financial Conduct Authority (FCA) has granted full authorization to Proplend; the FCA continues to review authorization applications, primarily focusing on secured lending platforms; Proplend is a secured commercial real estate property P2P lender offering three tranches for investors; returns on the platform range from 5% to 12% with loans of 250,000 British pounds ($307,718) to 5,000,000 British pounds ($6,154,350); the platform has funded 11.5 million British pounds ($14.16 million) of loans since inception with zero defaults; it has plans to offer clients an innovative finance individual savings account however it will likely not be available until 2018. Source
Rishi Khosla, chief executive and co-founder of OakNorth, told CNBC that eventually the company plans to make the move into China; "It is going to be a market that we will go into. It's just a question of when and how rather than if," Khosla explained at a fintech event last week.; talk of a move comes after China’s new central bank head said he is willing to open the market to foreign companies; OakNorth has said they are in discussions with a variety of countries across the globe about expansion plan. Source.
BTC or ETH is not subject to tax on sales if the individual sells them more than 12 months after being acquired.
Budget Insight claims to have established itself in the Open Finance sector as one of France’s leading aggregators of banking and financial data.