p2pfa

P2PFA Head: We're Less Risky Than The Stock Market

Christine Farnish of the P2PFA

Source:BBC

Christine Farnish of the Peer-to-Peer Finance Association delivered a robust defence of peer-to-peer lending this weekend, declaring it 'less risky than the stock market' and comparing the new generation of lenders to Google for their innovative potential.

Ms Farnish also criticised the management of troubled retailer BHS this morning, for failing to manage the company's finances and balance their responsibilies to customers, pensioners and shareholders. 

Times declares crowdfunding 'A Scandal'

Have the crowdfunders upset somebody? It seems we might have. The Times, traditionally England's newspaper of record, published an article headlined "Crowdfunding is a 'scandal waiting to happen'" and illustrated it with a large picture of Zopa founder Giles Andrews. 

screen shot of Bruce Davis' tweet

Zopa is the UK's oldest peer-to-peer lender, and this week its cumulative lending passed the one billion mark. 

P2P Volumes Growing Faster And Faster

The latest figures from the Peer-to-Peer Finance Association (P2PFA) reveal that "over £500 million of new consumer and small business loans have been provided by peer-to-peer platforms since April, the fastest rate of growth yet,"  

growth

 A year ago crowdfunding platforms were pumping out projections, but now we can see steady and sustained growth, and the sector is indeed 'Moving Mainstream', in the words of Cambridge University's top alt-fi researchers.

Cumulative lending by P2PFA members – including eight of the longest-established players in P2P crowdfunding - now stands at over £3.15 billion, according to the P2PFA.

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