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Last week there was some controversy when one of the larger platforms, in the interests of transparency, published the size of their Provision Fund and how they managed it. The platform in question cited a Provision Fund of £17m and interestingly it was not the size of the fund but
The latest in an annual series of reports from the University of Cambridge Judge Business School and Nesta, which track the size and development of online alternative finance, in the UK, has been released. In 2015 the UK online alternative finance sector grew 84%, facilitating £3.2 billion in investments,
During yesterday’s BBC Today programme, Lord Turner, ex FCA regulator turned Banker, declared “the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses”. To put that into perspective, the National Audit Office revealed the full extent