1.UK – P2P
“A NEW peer-to-peer property lending platform has been given the go-ahead by the Financial Conduct Authority (FCA).
Oblix Capital Technologies, which currently offer bridging and development loans in the property sector, said the new platform would supplement its appetite for lending
“This is great news for Oblix and supports our overall strategy of further diversifying and expanding our lending capabilities,” said Oblix chief executive and founder Rishi Passi.”
2. UK – P2P
Crowdstacker is looking to raise £800,000 via Seedrs, which will be its first major external investment into the business, according to P2P Finance News.
“The business peer-to-peer lender has been running a private fundraise on the equity crowdfunding platform, offering 3.93 per cent of equity, and has already raised half of its target.
The campaign is now public and Karteek Patel (pictured), chief executive of Crowdstacker, said the funds raised will be used to develop the technology, recruit staff and expand its marketing.”
3. UK – FinTech
“Alternative finance provider Liberis, has used Open Banking technology to increase funding access for UK small businesses; using it to process a full funding application for the first time.
A milestone in the financial world, Open Banking is enabling faster application and increased access to finance.
Working with leaders in Open Banking technology Openwrks, Liberis was granted access by the customer to see their bank account transaction data in real time. Allowing a clear picture of the business’s funding needs and capabilities, Liberis used this new data source to enhance its decision-making.
This revolutionary method allowed Liberis to assess the application without the customer having to provide additional physical proof of their transaction history. This is a landmark application for Liberis given what open banking means for the future customer journey.”
4. UK – FinTech
A new chief executive has taken the helm at a Birmingham-based peer-to-peer property lender, according to Insider Media .
“Michael Bristow has assumed the role at CrowdProperty after acting as a non-executive director.
He succeeds Simon Zutshi who has become the company's new chairman.
Bristow was previously managing partner at Growth Strategy, a property technology investor and private equity advisory business.
He is also a mentor and investor at Pi Labs Property Innovation, Europe’s first venture capital platform investing in proptech.”
5. International – P2P
Global Capital Asia reports:
“Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.”