rscal
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Post by rscal on Mar 7, 2019 9:35:24 GMT
So that builds liquidity, then.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 7, 2019 10:29:50 GMT
Also funding Market Invoice ... who as an aside have left the P2PFA
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cb25
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Post by cb25 on Mar 7, 2019 10:31:29 GMT
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jlend
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Post by jlend on Mar 7, 2019 11:36:38 GMT
So that builds liquidity, then. It says the bank has provided a funding line to 20 market places across Europe. And the bank raised 8m Euros for lending in January. Doesn't sound like a huge amount if it was spread across the 20 marketplaces. Article doesn't say how much AC were offered in January out of the 8m euros.
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sl75
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Post by sl75 on Mar 7, 2019 13:44:05 GMT
The £10million figure is a little misleading, as that includes significant amounts of money that were merely re-allocated from the 30 day to 90 day account.
As of today, the 90DAA stands at a little over £16M, but my records suggest that the total across all 3 access accounts has increased by just under £5M to date - definitely a great result, but rather short of the £10M headline.
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cb25
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Post by cb25 on Mar 9, 2019 8:52:02 GMT
"ASSETZ Capital is set to welcome at least £110m in institutional investments over the coming months as part of an ongoing expansion plan.
The peer-to-peer business lender is in the process of signing a £50m funding deal with a family office from mainland Europe and a separate £50m deal with a UK-based institution, as well as a £10m agreement with an unnamed credit fund.
This is in addition to its recently-announced funding partnership with German bank Varengold, which was confirmed earlier this week. The value of this partnership is yet to be revealed."
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