According to The Times, sources say Funding Circle is in no hurry to do an IPO, but if the markets continue to be favorable they may go public in the second half of the year; article also shares the potential in their US business where they have much less brand awareness compared to the UK; there are some concerns from clients and investors that the company has not yet been through a recession as they look at an IPO; Funding Circle currently has 850 employees and last raised £82 million at a £990 million valuation. Source
CapitalStackers has received full authorization from the FCA also allowing them to begin the process for offering the innovative finance individual savings account to their investors; CapitalStackers provides secured loans to real estate developers; says investors can receive double digit returns up to 20%. Source
PayPal has had a buy now pay later product since 2008 but the sector is having a moment during the...
The UK peer to peer lending trade body, the P2P Finance Association, has released detailed loan book data of its...
Plum has successfully raised a total of $24 million from a Series A funding round that will help propel the company’s expansion into Europe
Munich-based robo-advisor Scalable Capital has closed a Series D investment round of €50 million ($58 million) at a post-money valuation...
Christian Faes is the co-founder of LendInvest and served as the CEO for over a decade; he is now stepping...
On Tuesday, Denver-based online lender Funding Circle launched a partnership with DreamSpring, to increase access to funding for SMBs.
U.K. consumer credit provider NewDay has launched Newpay, a FCA-regulated buy now, pay later (BNPL) digital credit account with limits up to £5,000.
Landbay, UK Bond Network, Downing and Peer Funding will use Goji to offer investments in Innovative Finance ISAs (IFISA) in the UK; the offerings are anticipated to launch before the tax deadline; Jake Wombwell-Povey, Goji co-founder and chief executive officer, said: "We're signing up an increasing number of platforms who are keen to offer their investors a best of breed IFISA service. There is a great deal of complexity in bringing the IFISA to market and we are focused on ensuring that it is as easy as possible for investors to access this new opportunity to drive returns. Interest in this new and attractive investment vehicle is not surprising given the low yields available on traditional fixed income and savings and increasing inflation." Source