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Folk2Folk IFISA inflows up 200pc thanks to RateSetter transfers | Peer2Peer Finance News

Folk2Folk has seen a 200 per cent year-on-year increase in Innovative Finance ISA (IFISA) inflows in the first week of the 2021/2022 tax year. The peer-to-peer lending platform said more than 20 per cent of new IFISA funds were transfer-ins from RateSetter. Folk2Folk. which has a cumulative total of £33.8m in ISA funds. said on […]

Every IFISA that is open for investment right now | Peer2Peer Finance News

Over the past year. the innovative finance ISA (IFISA) market has shrunk considerably. but there are still plenty of options out there for savvy investors. Last year’s ‘Big Three’ IFISA providers – Funding Circle. Zopa and RateSetter – may be missing from the IFISA market this year. but Peer2Peer Finance News has counted 40 IFISA […]

Folk2Folk guides for £1m profit in 2020 | Peer2Peer Finance News

Folk2Folk has said it is on course to achieve a £1m profit for its 2020 financial year. beating its pre-pandemic target. This will be the second consecutive year of profit for the peer-to-peer business lender. which reported a pre-tax profit of £198.000 the previous year. Folk2Folk achieved its biggest month to date in March. during […]

P2P platforms make final push for IFISA money | Peer2Peer Finance News

Peer-to-peer lending platforms have made plays for Innovative Finance ISA (IFISA) money in the lead up to the end of the current tax year. Investors have just days left until the end of the tax year on 5 April to use their £20.000 ISA allowance. LandlordInvest has highlighted the deadline to investors. The P2P property […]

British Business Bank boss admits CBILS has ‘displaced’ alternative lending | Peer2Peer Finance News

British Business Bank (BBB) chief executive Catherine Lewis La Torre has acknowledged that the government’s emergency lending schemes have displaced alternative lenders but insists they will return. The BBB has been in charge of facilitating state-backed emergency lending such as the coronavirus business interruption scheme (CBILS) and faced criticism last year over how long it […]

Folk2Folk sees year-on-year growth in IFISA inflows | Peer2Peer Finance News

Folk2Folk has seen year-on-year growth in its Innovative Finance ISA (IFISA) inflows. attracting a cumulative total of more than £26m. The peer-to-peer lending platform. which is seeking up to £100m in institutional investment this year. continued to see an upward trend of IFISA inflows throughout 2020 and into 2021. This builds on record levels in 2019 […]

Folk2Folk eyes £100m from institutions as it expands nationally | Peer2Peer Finance News

Folk2Folk is seeking to attract between £50m and £100m in institutional investment this year. as it shifts its lender base towards a hybrid model of both retail and institutional investors. As a result. the company will no longer identify as a peer-to-peer lending platform. but will describe itself as a marketplace lender instead. The lender […]

Folk2Folk targets money from collapsed platforms | Peer2Peer Finance News

Folk2Folk is making a play for money from collapsed peer-to-peer lending platforms and has reaffirmed its commitment to retail investors. The P2P business lender has said that it extends “a welcoming hand” to retail investors. at a time when other platforms have either closed entirely or pivoted their focus to institutional funding. “Both the new […]

CBILS funding reaches £22bn as deadline nears | Peer2Peer Finance News

More than £22bn has been loaned to 92.449 businesses via the government-backed coronavirus business interruption loan scheme (CBILS) to date. According to the latest data from the British Business Bank. the total amount of money delivered to businesses via government-backed loans has reached £73bn. Several peer-to-peer platforms and alternative lenders have been approved to offer […]

Folk2Folk exceeds £400m in lending | Peer2Peer Finance News

Folk2Folk has surpassed £400m in lending. The peer-to-peer rural business lending platform lent in excess of £59m during 2020. by funding hundreds of small businesses across a variety of sectors. including agriculture. alternative energy. leisure and tourism. hospitality and property development. At the end of October. Folk2Folk completed its largest loan of 2020 after investors backed £7.5m […]

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