PE Tech Report

Crowdfunding & Peer-to-Peer Lending

Announcement

ArchOver launches Investment Plan

ArchOver, a peer-to-peer (P2P) business lending platform, is expanding its offering with the launch of an automated portfolio investment option on loans for SMEs. The ArchOver Investment Plan has an annual target rate of up to 6.4 per cent. It will accept pledges from GBP250, improving accessibility for retail investors.

Assetz Capital extends cashback offer

Peer-to-peer business lender, Assetz Capital, has extended its Christmas Crackers and Summer Holidays cashback promotion until 31 October 2018, enabling more investors to benefit from a seasonal 1 per cent or 2 per cent cashback bonus. The promotion has seen a flurry of activity on the platform, with over GBP15

Assetz Capital names new chief risk officer

Peer-to-peer business lender, Assetz Capital, has appointed Chris Macklin as chief risk officer.  With over 35 years of experience at RBS/NatWest, including four years as head of complex customer management and strategic relationship management, Chris Macklin brings to the company a wealth of knowledge and experience in strategic, credit and risk management within

Seedrs partners with US equity crowdfunding platform Republic

European equity crowdfunding platform Seedrs has formed a strategic partnership with US platform Republic, allowing UK-based businesses the opportunity to run joint crowdfunding campaigns on both sides of the Atlantic simultaneously. Republic, the sister company to well-known US platform AngelList, has been in operation for two years, funding more than

Assetz Capital ISA passes GBP50m mark

Peer-to-peer business lender Assetz Capital has revealed that over GBP50 million has been invested into its Innovative Finance ISA (IFISA) since its launch at the beginning of the year. The popularity of the Assetz Capital ISA has been consistently strong, to the extent that ISA investments now account for over

FundedByMe appoints new Group CFO

Emma Levén, previously CFO at Swedeltaco AB, has been appointed as Group Chief Financial Officer (CFO) at fast-growing Scandinavian crowdfunding platform FundedByMe. Levén (pictured), with her background in international growth and listings, will play a key role in a series of future ventures including FundedByMe’s upcoming listing on NGM.  

Oddbox smashes GBP350k crowdfunding target

Oddbox, a London-based independent ‘wonky’ fruit and veg box scheme, has reached its crowdfunding target in record time to enable it to expand its service. The company initially hoped to raise GBP350,000 but managed GBP520,000.   The purpose-driven business has captured people’s imagination by offering a quality, sustainably-sourced product which

Seedrs launches AutoInvest

Equity crowdfunding platform Seedrs is incorporating automation into its offering with the launch of a new product, AutoInvest. Until now, investments on equity crowdfunding platforms have been entirely on a self-directed basis, with investors hand picking every campaign to invest in individually. With AutoInvest, investors select the amount they would

Maven leads GBP2.8 million investment in Lending Works

UK private equity house Maven Capital Partners (Maven) has completed a GBP2 million investment in Lending Works, a UK peer-to-peer (P2P) lender. The total transaction value also includes GBP800,000 of funding from NVM Private Equity, Pollen Street Capital, and a small number of business angels. The investment will be used

Assetz Capital rate rise attracts GBP10 million in a month

Assetz Capital’s first ever rate rise saw investors add around GBP10 million to their Access Accounts in the first month. The peer-to-peer business lender moved target interest rates for the Quick Access Account and 30-Day Access Account from 3.75 per cent to 4.10 per cent and from 4.25 per cent

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