Cboe Proposes Plan That Could Curb Advantages of Fast Traders European banking needs a Big Bang Hong Kong-based EMQ raises...
The UK continues to be a trailblazer when it comes to p2p lending. Zopa, the market leader in the UK,...
Back in 2005 Zopa quietly launched their P2P lending platform in the UK, the world’s first. It was the start...
The UK peer to peer lending trade body, the P2P Finance Association, has released detailed loan book data of its...
Zopa CEO Jaidev Janardana is bracing for a “moment of truth” for the peer-to-peer lending industry, which Zopa has led...
While leaving wide open the question of “what happens as we head into the summer and fourth quarter of 2020,”...
P2P-Banking has released its monthly report on loan originations; Funding Circle led originations for the month at 106.1 million euros, also reporting a new monthly high; Zopa and Ratesetter also topped the list; Zopa reported monthly loan originations of 85.3 million euros and Ratesetter had loan originations of 63.9 million euros. Source
Funding Circle lead originations for the month of September followed by Zopa and RateSetter; many other originators across Europe are included in the list. Source
P2PGI aims to raise £209 million through the deal and is working with Deutsche Bank to facilitate the Zopa loan book securitization; the portfolio will contain 31,153 loans with an average weighted interest rate of 7.2%; according to AltFi, P2PGI will hold a material net economic interest for the duration of the transaction and will also purchase at least 5% of each class of notes. Source.
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[Editor’s note: This is a guest post from Ian Gurney, founder of the P2P money website. P2Pmoney.co.uk is a media partner...