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P2P lending news – March round-up

Zopa in the news

Giles Andrews, Zopa’s co-founder and executive chairman, and Jaidev Janardana, Zopa’s CEO, gave a joint interview to the Telegraph business section at the beginning of the month, which looked at the growth of the company and likely future trajectory. It appeared in a full page feature in the Sunday Telegraph as well as online. It included our response to last month’s comments by Lord Turner and looked in detail at the size of our loanbooks, returns to lenders and mentioned plans to move into secured car loans.

A blog post from Giles, appeared in the perspectives section of The Economist Intelligence Unit, looking at innovation in the peer-to-peer space.

Giles also gave an interview to Radio Four, where talked about the role of technology in creating Zopa’s efficient and transparent business model. As well as going out on BBC Radio Four Today programme on the morning of Good Friday, this was used as a standalone web piece looking at how our customers appreciate knowing where money their goes.

About the Innovative Finance ISA

With the approach of the new tax year, the Innovative Finance ISA has generated interest across the press. The Daily Express put the IF ISA in the context of the range of ISA options and the Mirror Online explained how they work.

The BBC and the FT examined the risk profile of peer-to-peer lending in their piece on the Innovative Finance ISA and Which? wrote a piece looking at the regulatory delays.

P2P examined – downturns and disruption

[City AM]( looked at the impact of the next recession in its piece ) in the Money magazine. This led with the fact that Zopa is the only peer-to-peer lender to have operated through the previous recession.

Influential FT columnist, Martin Wolf, included peer-to-peer lending as one of the three areas with the real potential to transform finance in his article Good news – fintech could disrupt finance.

LendInvest raised £17 million and Estonian-based, cross-border peer-to-peer lending service Bondora announced it had processed $1 billion in loan applications.

BBC looked at challenges to the banks in a number of pieces this month. This included two pieces that mentioned peer-to-peer lending and Zopa, one how banking is reacting to competition and another on whether old tech is putting banks under threat of extinction as well as others looking at the potential of blockchain technology and currency transfers.

Enjoyed our news round-up?

Catch up on February’s peer-to-peer news too.