P2PFA Shuts Down, Rolls Into Innovate Finance

The UK Peer to Peer Finance Association (P2PFA) was established in 2011 and founding members included Funding Circle, Zopa and Ratesetter; the P2PFA set the standard for other trade organizations that followed; now the organization has shut down due to declining relevance according to The Times; in recent months some platforms have also left the trade body; some of those working for the P2PFA are reported to have joined Innovate Finance, an organization which represents the wider fintech market. Lend Academy