Tagged: lending works

March 23, 2017 @ 1:32 am By JD Alois  |  

If Amazon built a bank, would it aspire to be like Revolut? I don’t know about that, but the Revolut Premium Membership is something I want. Now. London-based Fintech startup Revolut has launched its vision of Premium Membership in a world populated by stiff and… Read More

March 15, 2017 @ 12:26 am By JD Alois  |  

Revolut is a digital only challenger bank that does far more than a traditional bank at a lower cost. Lending Works is a new world online lender that streamlines the borrowing process at a lower cost without having to stomp down to your corner branch…. Read More

February 17, 2017 @ 2:31 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Lending Works announced on Friday it has reopened the window for ISA contributions. The platform claimed it is the first P2PFA member to launch an Innovative Finance ISA (IFISA) last week and filled its first ISA tranche of £2.5 million within 24… Read More

February 8, 2017 @ 10:30 am By JD Alois  |  

Lending Works has launched its Innovative Finance ISA (IFISA). The peer to peer lender says it is the “first: major UK platform to offer the IFISA. The IFISA is a new category of ISA set up exclusively for peer to peer lending investment. The IFISA… Read More

October 13, 2016 @ 8:37 am By JD Alois  |  

Lending Works, a consumer peer to peer lending platform, has received full authorisation by the Financial Conduct Authority (FCA).  Lending Works said it had originally applied for FCA approval in October of 2015 and had undergone a “stringent review process”. Lending Works has been operating… Read More

August 25, 2016 @ 1:01 pm By Samantha Hurst  |  

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

July 18, 2016 @ 8:40 am By JD Alois  |  

P2P platform Lending Works has taken an internal poll of 1600 investors and the results indicate that a majority of investors intend on maintaining or increasing their P2P investments.  Lending Works is describing this as indicative of steady faith in P2P lending following the Brexit… Read More

July 7, 2016 @ 8:37 am By Samantha Hurst  |  

Lending Works, a UK-based peer to peer lender, announced on Thursday it attracted £3 million during its Series A Investment Round. The website confirmed NVM Private Equity (NVM), an independently-owned private equity firm that specializes in SME investments typically between £2m and £10 million, invested £2 million in early… Read More

July 5, 2016 @ 3:56 pm By Samantha Hurst  |  

Just a little over a week after the UK voted to depart from the European Union (EU), Lending Works offered pension advice to the country’s retirees (or soon to be) following the surprising decision. The peer-to-peer lending platform shared: “Less than a week in, and the… Read More

June 10, 2016 @ 4:51 pm By Samantha Hurst  |  

Lending Works, a UK-based peer to peer lender, announced this week that it has been named Best Peer-to-Peer Platform for Savers Winner at the 2016 Moneywise Customer Service Awards, which is described as the “authoritative stamp of approval by the UK consumer,” recognition is given to… Read More

April 22, 2016 @ 3:59 pm By JD Alois  |  

Lending Works, a UK-based peer to peer lender, has surveyed its investor base and concluded that a solid percentage of registered users intend on using the new Innovative Finance ISA (IF ISA). According to their data, 89% of respondents indicate they will use the retirement… Read More

February 29, 2016 @ 7:35 am By JD Alois  |  

Lending Works is hoping to launch their IFISA product on April 6th, just like most other peer to peer lending platforms. They too, like many others, are awaiting final approval by the FCA to offer the new saving vehicle. According to Lending Works, current regulation… Read More

January 11, 2016 @ 7:51 am By JD Alois  |  

Lending Works, a London-based peer to peer lending platform, states it tripled its business in 2015 and expects to double that number over the next 12 months. According to the 2 year old platform, in 2015 the company facilitated £20 million in loans and forecasts… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

October 23, 2015 @ 10:04 am By Samantha Hurst  |  

On Friday, peer-to-peer lending platform Lending Works announced it is now offering even higher standards in ID fraud protection by using AU10TIX BOS. AU10TIX BOS is considered the “first and only 2nd generation ID authentication and record generation technology” on the market today. It is… Read More

October 20, 2015 @ 8:08 am By Samantha Hurst  |  

On Tuesday, point of demand lending platform, Pay4Later, announced it has signed a deal with new partner peer-to-peer (P2P) lender, Lending Works, to join its fast growing consumer lending platform. The deal means Pay4Later may now extend market reach and increase credit acceptance for merchants… Read More

July 8, 2015 @ 11:27 am By JD Alois  |  

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

June 12, 2015 @ 8:14 am By JD Alois  |  

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More