A recent Financial Times article reported that Arianna Huffington has joined the Peer-to-Peer space. The Editor-in-Chief of the Huffington Post Media Group, has become the latest high – profile name to join the innovative sector.
Ms Huffington has joined the Board of Payoff who are breaking into the US Alternative Finance market. This is a positive step for all P2P platforms both US and UK based as an influential individual such as Huffington, attracts further attention and illustrates confidence installed within the entire sector. Huffington’s reasoning behind the backing is because she believes in the need to “reshape” the financial services industry. Therefore proving her confidence in the modern way in which to borrow and invest.
It is an encouraging feature that characters such as Ms Huffington are taking notice of the P2P space and they are aware of the benefits that are available within the sector both investor and borrower side. Investments with P2P platforms places your capital at risk and interest payments are not guaranteed if a borrower defaults.
Further encouragement has been seen in the past weeks from RBS, their referral scheme with alternative lenders Funding Circle and Assetz Capital to aid small businesses gaining finance is a true reflection that the Peer-to-Peer market is growing from strength to strength.
Wellesley & Co. are an asset backed Peer-to-Peer lender, they offer a range of terms to investors that see annual returns of up to 6% and a loans platform. The innovative company are utilising technology and have this week, been the highest ranked P2P company on social media with a share of 19% over of all the P2P platforms.