P2P lending news midweek roundup 01/03/17

By Daniel Lanyon on Wednesday 1 March 2017

Alternative Lending

The most important stories and data from the world of P2P lending and alternative finance.

US marketplace lender Prosper has secured an enviable $5bn funding deal over the next two years a consortium of institutional investors including George Soros, who will buy loans originated by Prosper.

Also in the US Sofi has added another pile of cash to its coffers, scooping up $500m in a round led by tech investor Silver Lake. This makes the total amount raised by Sofi edging to near $2bn.

In the UK, the overall market for alternative finance has just ticked over £10bn - including crowdfunding – in terms of the amount of money lent and invested into the equity of companies via crowdfunding platforms.

Peer-to-peer lender and merchant cash advance provider to plug into Just Eat’s 30,000 customers. Funding Circle and Liberis have also partnered with food delivery firm Just Eat.  Investors also seem to be embracing the new tax wrapper, aimed at online lenders, called the Innovative Finance Individual Savings Account despite a series of delays in recent months. 

Last but not least, fintech now has its first sharia-compliant fintech platform called Yielders which facilitates investment in property.

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