Ratesetter, Zopa, and Ipagoo in Lending
- New payday loan regulations come into force today, requiring all online lenders to advertise on at least one price comparison website and display ‘prominently’ a link on their own websites to a price comparison site. The move follows an investigation by the CMA, published in February 2015
- Santander has been named as the biggest provider in the US car finance market in an article suggesting that high car finance debt in the US could lead to a crash in the global economy
- Ratesetter has been valued at more than £200m in a new fundraising in which Neil Woodford and Artemis have topped up their existing backing by investing a further £13m into the business
- Zopa is set to receive a big investment from Wadhawan Group, an Indian conglomerate with interests in a range of financial services sectors. According to Sky News, Wadhawan and other investors will inject around £40m into Zopa in a funding round expected to be announced soon.
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