The long awaited changes to P2P lending regulations in the UK are finally here. Today, the Financial Conduct Authority (FCA)...
The FCA has placed Lendy under special supervision in January citing concerns about their ability to meet the standards required...
Saving Stream and Lendy have merged and will now combine operations under the Lendy platform; the platform will focus on property development lending and plans to triple its loan issuance in 2017; Paul Riddell, head of marketing and communications at Lendy had the following comments regarding the merger, "Unifying our lender and borrower brands together under one banner – and on a single online platform – is a step that allows us to streamline our process and make our offering simpler for the entire market." Source
The collapse of property lending platform Lendy in the UK has investors concerned about their £165 million of money invested...
The article discusses recent news of decreasing valuations of GLI Finance backed companies, potentially higher losses on Zopa's platform and troubles at Wellesley & Co. Source