ptr120
Member of DD Central
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Post by ptr120 on Oct 20, 2015 8:08:00 GMT
Went to fundingcircle.com today and the little flags that used to lead you to either the US or UK site now have flags for Germany, Spain and NL. Have FC confirmed when they will launch their service in those countries?
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sl75
Posts: 2,092
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Post by sl75 on Oct 20, 2015 11:23:48 GMT
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nick
Member of DD Central
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Post by nick on Oct 20, 2015 19:24:47 GMT
Has anyone tried joining the Spanish/German platforms yet?
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Post by pete101 on Oct 20, 2015 19:55:35 GMT
somewhere to put those Euros left over from the holidays?
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Post by flx123 on Oct 20, 2015 21:08:48 GMT
I did and they let me join. However, I later saw that their T&C state one would need a German address and bank account. The latter seems essential because all transactions, including every single interest payment, would use this account.
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nick
Member of DD Central
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Post by nick on Oct 20, 2015 21:40:56 GMT
I did and they let me join. However, I later saw that their T&C state one would need a German address and bank account. The latter seems essential because all transactions, including every single interest payment, would use this account. So much for the common market.........
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Post by loanstar on Oct 21, 2015 6:39:15 GMT
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arbster
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Post by arbster on Oct 21, 2015 7:46:27 GMT
Indeed, and the following should be quite familiar too:
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Post by aloanatlast on Oct 21, 2015 7:49:19 GMT
Looks like Victory Park are pulling all the strings. Interestingly they're also big investors in Assetz. What could this mean?
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Post by Deleted on Oct 21, 2015 13:27:27 GMT
I did and they let me join. However, I later saw that their T&C state one would need a German address and bank account. The latter seems essential because all transactions, including every single interest payment, would use this account. So much for the common market......... The EU has failed to achieve anything like a common process for services. Lucky for us, since this country does nothing else but services. FC are going to be up against some very low cost banks in Europe, should be fun to see if there is a "game" to "change".
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nick
Member of DD Central
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Post by nick on Oct 21, 2015 17:03:45 GMT
There was an article in the FT today mentioning FC's acquisition of Zencap. FC are quoted as saying that investors will not for the time being be allowed to invest cross border. However, they did mention that the investment fund they plan to list will invest in the european and US platforms. The investment fund is potentially going to have a major impact on all the platform. At a minimum, I assume they will look to raise £200M, probably closer to £500M, which can only mean returns will take a bit hit in the short to medium term.
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blender
Member of DD Central
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Post by blender on Oct 21, 2015 17:33:57 GMT
There was an article in the FT today mentioning FC's acquisition of Zencap. FC are quoted as saying that investors will not for the time being be allowed to invest cross border. However, they did mention that the investment fund they plan to list will invest in the european and US platforms. The investment fund is potentially going to have a major impact on all the platform. At a minimum, I assume they will look to raise £200M, probably closer to £500M, which can only mean returns will take a bit hit in the short to medium term. A good job they fixed the interest rates, then? I think I will stay with farming the cash back.
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Post by aloanatlast on Oct 21, 2015 19:16:36 GMT
At a minimum, I assume they will look to raise £200M, probably closer to £500M, which can only mean returns will take a bit hit in the short to medium term. If I were them I'd just convert everybody's loan parts to shares in the fund. The PL trade clearly isn't going anywhere and is going to have to be put out of its misery somehow at some point.
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Post by GSV3MIaC on Oct 21, 2015 19:36:11 GMT
At which point it ceases to be P2B or P2P at all (if it even still is) and we can move it off this forum to some place more obscure. 8>.
If I want to invest in a mutual fund I have more interesting places than FC to put my money.
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Post by wiseclerk on Oct 23, 2015 13:23:36 GMT
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