The news raises questions about the peer-to-peer model
Thursday 11 Apr 2019 Author: Tom Sieber
Peer-to-peer ( P2P ) lender Funding Circle ( FCH ) is set to close its Funding Circle SME Income Fund ( FCIF ) following a consultation with the investment trust’s shareholders. This development has put shares in Funding Circle under pressure at 321.5p and is arguably reflective of wider problems in the P2P industry. Launched in November 2015, Funding Circle SME Income targeted an annual dividend of between 6%...