proplend

Published on December 20, 2016

2016 – Year in Review

2016 Industry Summary The year started with Lending Club in the US, CEO Renaud Laplanche was fired over internal investor disclosure misdemeanors, the shares fell to over half of IPO value and have remained there ever since Platforms in the US have seen a reduction in loan volumes and a rise in loan default levels

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Published on December 2, 2016

Proplend wins Most Outstanding Peer to Peer Lending Platform 2016 award

Proplend is pleased to announce that we have been awarded Most Outstanding Peer-to-Peer Lending Platform 2016 by Acquisition International magazine. The awards were conducted based on a combination of qualitative and quantitative research

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Published on November 7, 2016

20 year ex banker’s reflections on the world of property peer to peer lending

One month in, reflections on the world of property peer-to-peer lending. When a former colleague started a well-known peer-to-peer (P2P) lending platform over 5 years ago, I remember thinking great idea, but I’m not sure it’ll catch on. That business lent over £650m

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Published on November 2, 2016

Orca Money; Proplend Investment Review

Orca Money, the online Peer to Peer comparison web service, has just completed their Proplend Investment Review and come to the following conclusion. Proplend’s track record in preserving investor’ capital and interest is faultless. Their credit-writing seems robust and has ensured retail

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Published on October 5, 2016

Proplend announces Non Exec Chairman

Proplend are pleased to announce the appointment of Rupert Cottrell as Non Exec Chairman. Rupert is an experienced director having held a number of executive and non-executive roles. He has held senior positions with Cazenove, now JP Morgan Cazenove, and Hill Samuel, now part of the TSB Group.

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Published on October 4, 2016

Andrew Pinfield joins Proplend as Head of Risk and Operations

Proplend are pleased to announce the appointment of commercial real estate veteran Andrew Pinfield, who has joined in the role of Head of Risk and Operations Andrew has over 20 years City banking experience, starting as a graduate trainee at NatWest, before moving into Real Estate Finance with RBS and Citi.

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Published on September 19, 2016

Target Group appointed as Standby Servicer

Proplend is pleased to announce the appointment of Target Group, the financial services outsourcing and software business, as standby servicing provider. With the FCA increasing its oversight of the peer-to-peer sector, the introduction of the Innovative Finance ISA in April and the expectation that Peer to Peer Lending volumes will exceed £3.5billion in 2016, resilience

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Proplend shortlisted for the Best Peer to Peer platform Share Awards 2016

We are pleased to announce that Proplend has been Shortlisted for the Best Peer to Peer Platform at the Shares Awards 2016. The Annual Shares Awards are voted for by readers of Shares’ Magazine and members of the public to celebrate the best of the financial services sector. The winners will be announced at a

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Published on August 30, 2016

Proplend and GLI part ways.

Following discussions between Proplend Limited and GLI Finance Limited, it has been agreed that the original Proplend shareholders will purchase the outstanding ordinary and preference shares from GLI Finance, thereby ending their current working relationship. Proplend will continue to monitor and service the outstanding loans GLI Finance made to SMEs via the Proplend platform.   Brian Bartaby,

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Published on August 18, 2016

Aberystwyth loan redeemed

We are pleased to report that the Aberystwyth Marina loan has been repaid. The borrower used the loan funded by Proplend investors to fund the purchase of the property, add value and then refinance as part of a larger corporate refinance with a more traditional High Street lender. Investors who participated in the loan received

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