P2P ratings and research firm 4thWay has released a list of the UK's top P2P lenders by loan originations; Zopa, FundingCircle and RateSetter lead the market with originations nearing 2 billion British pounds ($2.46 billion); UK property lender Wellesley, which has reportedly been struggling for capital, tops the list with 366.5 million British pounds ($451.48 million) in loan originations. Source
According to a report by AltFi, P2P Global Investments (P2PGI) is continuing their share buybacks; P2PGI has purchased shares on 14 days in the past two months with buybacks ranging from 3,400 to 50,000; the fund currently trades at a 25.3% discount to net asset value; contributing factors to recent performance have been cash drag from currency hedging, level of defaults and volatility surrounding Brexit. Source
One quarter into 2022 and earnings from top fintech public companies are not pretty: regardless of revenue, prices crashed.
London has a new personal finance fintech in the shape of MoneyBoss, which promises to provide a “fun and interactive” wealth building platform.
Credit Karma has had huge success in the US providing free credit scores and recommending products for their users; they...
The VPC Speciality Lending investment trust sold it’s exposure to Avant loans and their equity stake as it continues a move out of the sector; the fund has been shifting to a balance sheet strategy for quite some time and this is another indicator of that move; they also sold their equity exposure in Australian point of sale lender zipMoney. Source.
CODIX examines reasons why organizations withhold plans for replacing their IT solutions, why they must replace, and when it is the right time to change in their white paper. Source
In the Netherlands, BNPL company In3 has been a part of this growth and is now set to expand into other markets.
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UK based challenger banks Starling Bank, Metro Bank and ClearBank were awarded more than $365mn of the RBS Competition Fund;...