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More shakeout in the P2P sector.
“Funding Circle has today (Monday) introduced two key changes to its secondary market, including a measure designed to reduce the average resale time of loans.
“The original P2P lending platform Zopa is set to secure an investment of £130m, enabling the pioneering fintech lender’s pivot into banking to fully launch.
PayPal Credit, which funds point of sale financing for UK retailers online, has passed £2bn of lending, according to AltFi.
Presumably, RBS paid real money to branding experts to come up with the name of its just-launched digital bank. This, from AltFi…