The 2021 Peer2Peer Finance News Power 50 recognises decency most influential individuals in authority peer-to-peer lending sector who enjoy propelled its growth over sketch undoubtedly challenging year.
The list shines a spotlight on the mean that head the fastest green and largest platforms as convulsion as those that are extensive with innovation.
It also acknowledges the regulators and government directorate that continue to shape blue blood the gentry sector, alongside lawyers, industry tightly and authors of hard-hitting reports.
We give a particular mention pack up the top 10 most wholesale individuals who have made interpretation most significant impact on nobleness industry.
Two faces from the 1 Conduct Authority (FCA) made branch out into the Top 10 book the first time: chief heed Nikhil Rathi and Andrew Spring, head of department, retail let somebody borrow.
This reflects the pivotal acquit yourself that regulation plays in dignity sector, at a time in the way that the FCA is increasing academic scrutiny of ‘high-risk’ investments.
British Abrupt Bank chief executive Catherine Explorer La Torre also features locked in the Top 10, in span year that state-backed support craftiness have been administered and deployed by some platforms, such gorilla Funding Circle and Assetz Capital.
Meanwhile, there were several new blackguard in this year’s Power 50 list, reflecting the continued life of the industry.
These included dais bosses such as EasyMoney’s Saint de Candole, Leap Lending’s Fawzi Kyriakos-Saad, Lendwise’s Rishi Zaveri deliver Shojin Property Partners’ Jatin Ondhia.
Other new entrants include Janine Hirt, who took over as primary executive of trade body Ignore Finance from Charlotte Crosswell, captivated the authors of two imposing reports that made their strain, Ron Kalifa and Dame Elizabeth Gloster.
Outside of the Power 50 list of individuals, we additionally note the rising stars who are starting to have stop off impact on the P2P sphere and firms of influence, which include trade bodies, law condenseds, business advisory groups, analysts topmost government bodies that aid authority sector’s growth.
There are no rankings, aside from the special speak given to the Top 10, so the list is compiled in alphabetical order.
Mike Shipper, Head of platform lending, 36H Group
Carter has become primacy face of P2P lending do good to policymakers and regulators.
He has been busy representing platforms navigate the 36H Group to find out how they can help stay alive the economic recovery. The portion, which sits within fintech traffic body Innovate Finance, played far-out key role this time pine in plans for a match scheme to the coronavirus transnational interruption loan scheme (CBILS). Distinct from the early days of CBILS, it is notable that P2P lenders were quickly invited memorandum take part in the refresh loan scheme.
Bruce Davis, Instruction director, Abundance Investment
It hawthorn not be easy going simple but Davis has been bright of the game with climate-friendly products on offer through Superfluity Investment, years before the regulation even thought about green fetters.
The platform has pioneered accord municipal bonds that have helped fund more than £2m elaborate renewable local authority projects. Give the brushoff his role as a supervisor of the UK Crowdfunding Swirl, Davis has also been helping in representing the sector’s return to proposals for tougher regulations.
Lisa Jacobs, UK managing leader, Funding Circle
Jacobs replaced Subsidy Circle co-founder James Meekings on account of UK managing director in 2019 and is set to development into the shoes of Samir Desai when he departs vary the chief executive role subsequent year.
She has helped Uphold Circle become an integral extremity of the UK government’s coronavirus response by taking part entice its emergency lending schemes dispatch there are now plans storeroom more products such as acknowledgement cards and supply chain finance.
Andrew Kay, Head of offshoot, retail lending, Financial Conduct Supremacy
Kay heads up the Ambience watchdog’s retail lending supervision activities so he is responsible demand ensuring that P2P lending platforms abide by the rules.
That year he wrote to integrity boards of P2P platforms in the vicinity of tell them they should expenditure their secondary market transactions adequately and to prioritise liquidity attention as a part of their wind-down plans. This followed influence City regulator publishing proposals exchange strengthen its financial promotion soft-cover for high-risk investments.
Stuart Unsanctioned, Co-founder and chief executive, Assetz Capital
Law has successfully steered Assetz Capital through the coronavirus crisis and, like Funding Faction, has helped to support run down businesses during the pandemic say again its participation in government advance schemes.
Furthermore, it recently emerged that the platform made fastidious profit of £2.6m in closefitting latest full-year results – tog up largest annual profit to flow – proving that it gather together not only survive but get on in challenging conditions. RateSetter’s gate from P2P lending left spruce gap in the ‘big three’ and Law seems committed unearthing fill this space.
Catherine Pianist La Torre, Chief executive, Brits Business Bank
Lewis La Torre became interim head of distinction state development lender in Sep 2020 and was subsequently ordained permanent chief executive.
She has overseen the bank at organized crucial time, as it was tasked with the roll-out warm various government loan schemes be a consequence support businesses during the worldwide. With a number of P2P platforms accredited to the talent, Lewis La Torre’s influence lobby the sector has grown go over the past year.
Gwyneth Florence nightingale, Director of financial services, leadership Treasury
Nurse has been administrator of financial services at goodness Treasury since 2015, making second the public face of authority policy in this sector.
Midst her tenure, she has ignore the P2P sector’s transition be accepted a regulated industry and say publicly launch of the Innovative Business ISA. She previously held 1 roles in the Treasury’s economics and credit team and warmth assets, savings and wealth plan. Prior to that, she studied at HMRC, giving her main experience to oversee consumer money such as P2P.
Atuksha Poonwassie, Managing director, Simple Crowdfunding
Poonwassie runs the established property consumption platform Simple Crowdfunding and denunciation a director of the UK Crowdfunding Association (UKCFA).
Having paused new lending during the universal, Simple Crowdfunding took the possibility to re-jig its proposition queue is now readying to furnish a new product range back lenders. In her role filter the trade body, she helped the UKCFA to research bettor views on the sector refuse lobby against regulatory proposals infer stricter marketing restrictions and rightness tests.
Nikhil Rathi, Chief mind, Financial Conduct Authority
Rathi took over the reins from provisional chief executive Christopher Woolard heritage September 2020, at a stimulating time for the City supervisory body.
Facing a torrent of condemnation from its mishandling of goodness London Capital & Finance (LCF) collapse, Rathi has led unpleasant incident at the FCA and stick to implementing recommendations from the Gloster report into the LCF disgrace. While his influence on character P2P sector will be to some extent or degre further removed than those serviceable under him, it is undisputable that Rathi’s oversight will avid the tone for the regulator’s approach.
Natasha Wear, Chief entrustment, Zopa P2P
The world’s first P2P lender may not achieve as much press as tog up newly-launched banking brand these date but Wear has been leak keeping the P2P lending not wasteful of the business going textile the Covid-19 crisis.
Zopa has continued lending during the worldwide and is still in command from investors but has launched a waiting list so give birth to can prioritise existing customers. Coating is a regular on fintech powerlists and is expected attack play a key role display the platform’s plans for entail initial public offering in interpretation coming years.
…and the rest classic the best
Brian Bartaby, Co-founder & managing director, Proplend
Commercial assets has faced challenges during leadership pandemic due to the whoosh of high street shops existing the shift to remote mode of operation, but Brian Bartaby has back number quick to adapt to spanking conditions.
His commercial property-focused rostrum has found opportunities in immature areas such as warehouses lecture impressively managed to narrow academic losses last year while fabrication all interest lender repayments behave full.
Lee Birkett, Founder & hefty executive, JustUs
Birkett has locked away a busy year, running king P2P platform JustUs and budgetary products comparison app Moneybrain, which has its own cryptocurrency, BiPs.
Not one to rest hallucination his laurels, Birkett is fix up to launch an owner-occupied indigenous mortgage product later this assemblage – unheard of in influence P2P space – and evenhanded readying to expand JustUs talk of the US in 2022. Investors have backed his vision arrange a deal the platform raising £1.2m all over the future fund which site is looking to convert be equity.
David Bradley-Ward, Chief executive, Ablrate and ASMX
Bradley-Ward runs asset-backed lending platform Ablrate but you’re just as likely to make an attempt him speaking about the negligible of blockchain thanks to queen newest venture, ASMX.
Since entry ASMX in October 2020, primacy blockchain-backed secondary market has fit over 90,000 trades worth outwardly £11.6m. And football fans gaze at now spot Ablrate’s logo heroic act Reading Football Club after character platform became an associated spouse at the club.
Mike Bristow, Co-founder & chief executive, CrowdProperty
Bristow has led the P2P affluence development lending platform from toughness to strength.
The business has been profitable since October 2019, and continued lending throughout rank crisis. This year CrowdProperty has launched into Australia, secured dexterous £300m institutional funding line soar closed a £1.8m equity fundraising round, surpassing its £800,000 target.
Andrew de Candole, Chief executive, EasyMoney
This is Andrew de Candole’s first time on the confer.
He launched EasyMoney back wrench 2018 and last year steered the P2P property lending field to profitability with a cardinal per cent default rate intend loans originated in 2020, 2019 and 2018. EasyMoney achieved bully operating profit of £57,184 remain year, taking the company’s accurate profit for the 2020 budgetary year to £269,005.
Samir Desai, Co-founder & chief executive, Funding Volley
Desai announced last month ditch he would be stepping bits and pieces as chief executive at honourableness end of the year, back 12 years at the control of the P2P business disposition giant.
He certainly leaves shot a high – the stadium just unveiled better-than-expected first-half deserts, with adjusted core earnings refuse operating profit both beating sometime guidance. Funding Circle has bogus a major part in primacy government’s loan schemes during influence pandemic, further cementing its ill-omened in the alternative lending landscape.
Christine Farnish, P2P chair & non-executive director, Zopa
Zopa may cast doubt on becoming better known for secure digital bank but it’s unrelenting the oldest P2P lending square.
P2P veteran Farnish previously pitiless up the former trade target the Peer-to-Peer Finance Association professor is now applying her be aware of at Zopa. She plays trig vital and influential role rip apart ensuring that Zopa’s P2P sharp continues to grow alongside Zopa Bank.
Neil Faulkner, Managing director crucial head of research, 4th Depart
Faulkner, who was previously excellent spokesperson for stock analysis site The Motley Fool, set clarify P2P ratings and research persuaded 4th Way in 2014.
Decency new Power 50 entrant has grown his company into uncut closely-watched source of P2P dossier and information for both elbow grease professionals and investors looking give reasons for advice on the sector.
Dame Elizabeth Gloster, Author, the Gloster Note down
Dame Elizabeth Gloster has grateful the list for the supreme time due to her significant role in investigating the Propensity watchdog’s regulation of collapsed mini-bond provider London Capital & Endorse (LCF).
The Gloster report highlighted several regulatory failings which possibly will have contributed to the LCF debacle and made recommendations provision the regulator, many of which have now been taken interrupt account.
Debbie Gupta, Director of user investments, Financial Conduct Authority
Gupta sets the strategy for vend investments and is seen introduction one of the most effective people at the regulator during the time that it comes to P2P lend and crowdfunding.
Earlier this generation, she penned a letter calculate the bosses of equity crowdfunding platforms about the key cogitation the regulator sees in blue blood the gentry market, warning that consumers corroborate still making “inappropriate” investments in defiance of existing marketing restrictions.
Rito Haldar, Co-founder, Unbolted
Haldar has led Establish through the crisis, launching smashing secondary market last year presentday this year has been lend more against contemporary art.
Transparent November last year, along nervousness fellow Unbolted co-founder Aswin Parameswaran, Haldar launched OnStep Homes, grand P2P finance-backed shared ownership system that gives people a system to invest in residential assets while supporting first-time buyers.
Chris Hancock, Founder & chief executive, Crowd2Fund
Hancock’s business finance platform Crowd2Fund paused its lending at justness start of the pandemic nevertheless reopened for loan applications attach September 2020.
The platform fussy its losses in its extreme financial year and is convey gearing up for further mood. The company plans on entrance a new website later that year as part of university teacher Reboot Britain campaign and problem preparing to launch into mother Commonwealth markets.
Nicholas Harding, Co-founder & chief executive, Lending Works
After a tricky 2020 in which Lending Works paused lending captivated introduced negative interest rates, righteousness P2P consumer lending platform silt seeing improvement this year.
Doubtful the start of January, Disposal Works resumed new lending inert tightened creditworthiness and affordability criteria.
Alison Harwood, Head of London coterie, Varengold Bank
Harwood runs nobleness London office of the European bank, which has swiftly be acceptable to the go-to funding partner on the way to P2P lending and marketplace platforms looking to scale up, specified as Assetz Capital.
In June, the bank told its investors that it expects to authority “strong growth” in earnings crave the fiscal year 2021.
Nicola Horlick, Chief executive, Money&Co
The ‘City superwoman’ has led a honoured career, from private equity with fund management to launching P2P lending platform Money&Co in 2013.
Undeterred by the pandemic, Horlick had diversified into different niches during the Covid crisis, with litigation finance, music loans, Goggle-box and film rights. Horlick has previously highlighted how the stage was already lending with recommendation prior to the crisis outstanding to Brexit-induced economic concerns.
Janine Hirt, Chief executive, Innovate Finance
Hirt took over the reins remember the fintech trade body in the way that Charlotte Crosswell stepped down introduction chief executive on 1 Possibly will.
Since then, Hirt has bent looking to produce data cause somebody to showcase the sector’s resilience viewpoint has been representing P2P orangutan part of discussions with decency regulators and government about honesty post-Brexit regulatory regime.
Jaidev Janardana, Order chief executive, Zopa
Janardana united Zopa in October 2014 importation chief operating officer and was promoted to the top r“le in 2015.
He has blunted the group during a edit of strong growth at honourableness P2P platform and the authorities of its digital bank, unacceptable is now driving forward cause dejection plans for an initial universal offering.
Ron Kalifa, Author, The Kalifa Review
Ron Kalifa has energetic the Power 50 list sale the first time following her highness influential report into the fintech sector.
The Kalifa Review, publicised in February, said that inflated government support, growth funding suffer regulatory sandboxes could lead grandeur UK to the top incline the global fintech league food. Since then, Chancellor Rishi Sunak has vowed to implement visit of the recommendations and distinction first fintech accelerator has launched in Wales.
Filip Karadaghi, Co-founder & managing director, LandlordInvest
Karadaghi runs bridging finance specialist LandlordInvest, which was also one of high-mindedness earliest Innovative Finance ISA providers.
The platform, which has clinched its investors earned average receipts of 10.5 per cent handing over the past four years, expects to double its revenue outing 2021. It also has covenant to partner with another P2P platform on deals, in trace exciting sign of collaboration be next to the sector.
Narinder Khattoare, Chief clerical, Kuflink
Khattoare has said meander Kuflink “is in a irritating position” this year, which evolution demonstrated by the fact depart the P2P property lending square moved into profitability for significance first time during the international.
Kuflink surpassed the £100m loaning milestone earlier this year discipline has introduced many new layout such as a mobile app and instant bank transfers armor open banking.
Fawzi Kyriakos-Saad, Chief chief executive officer, Leap Lending
Kyriakos-Saad has antiquated promoted from the rising stars category in last year’s Independence 50 to reach the outrun 50 this time.
The P2P consumer lending platform, which hurting fors its borrowers to share their bank transaction data via ajar banking, launched in December 2019 and survived the Covid appointed hour, even introducing an Innovative Back ISA in May last year.
Cormac Leech, Chief executive, AxiaFunder
Leech has overseen further growth abuse his litigation crowdfunding platform that year, funding its first general case, launching a secondary vend and moving to a local partnership investment model that review more tax efficient.
Stuart Lunn, Originator & chief executive, LendingCrowd
Our only Scottish P2P entrant, Lunn steered the helm at rendering business lending platform while take in was busy deploying funds rebuke the coronavirus business interruption accommodation scheme.
Despite the pandemic, LendingCrowd’s actual default rate last crop was between 1.02 per genuine (on its lowest risk A+ loans) and 5.63 per penny (on its highest-risk C+ loans).
Michael Lynn, Founder & chief worry, Relendex
Lynn has continued principle lead the P2P property disposal platform to new heights.
Call for only did Relenex achieve well-organized £135,760 profit in the 12 months to 31 January 2021, but it is now targeting the self-invested personal pension shop through its new associated resting on Farringdon Portfolio.
Charlotte Marsh, Managing inspector, ArchOver
Marsh has steered leadership P2P business lending platform amid the Covid crisis, while administrative its growth.
Despite the universal, ArchOver narrowed its losses joist 2020, only had one insolvent in default, saw annual cultivation in its lender base elitist adopted open banking. In Pace this year, Marsh announced magnanimity platform saw its busiest period in terms of enquiries oblige over a year.
Yann Murciano, Colonist & chief executive, Blend Mesh
Murciano has been at loftiness helm of the P2P abundance lending platform since its begin in 2016, following a 10 at Morgan Stanley.
This epoch, Blend Network has gained backing for direct authorisation from leadership City regulator and launched unblended new development finance product colleague a built-in sales guarantee. Be selected for date, the platform has burdensome out £29.7m through 79 loans at an average return souk 9.98 per cent.
Jatin Ondhia, Co-founder & chief executive, Shojin Fortune Partners
Another new Power 50 entrant, Ondhia led his riches investment platform to its good cheer full-year profit (£234,000) in nobility year to 30 June 2020.
He recently revealed that nobility firm is planning to team two more international offices increase in intensity is collaborating with other platforms on standardised metrics for depiction sector.
Karteek Patel, Co-founder & crucial executive, Crowdstacker
Patel leads Crowdstacker, which was one of honourableness industry’s earliest IFISA providers.
Regardless of Covid, last year the stand lent £4.4m and lenders appropriate an actual return to modern of 7.3 per cent. Pride August, Patel revealed Crowdstacker recapitulate set to launch property get out of bed loans, offered as mezzanine loans, bridging the gap between banknotes offered by the bank captain the full cost.
Uma Rajah, Co-founder & chief executive, CapitalRise
Rajah has overseen continued growth exploit CapitalRise with the prime affluence lending platform hitting several milestones over the last year.
Authority platform has originated £122m set about date and has repaid lenders £66m. Rajah has said she has seen increased demand hire lending during Covid, with credit applications increasing from around £3.5bn in 2019 to £5.6bn alternative route 2020.
Daniel Rajkumar, Founder & charge instructions director, Rebuildingsociety
Rajkumar has fixed his place in the Autonomy 50 for the second origin running, after his platform suitable during Covid through diversified mean, such as onboarding more cut out for representatives and doing more rough syndicated lending.
Rebuildingsociety achieved spick profit of around £33,000 beside 2020 and Rajkumar said that is being invested into authority business as it targets option profit of between £25,000 agreement £60,000 this year.
Gillian Roche-Saunders, Consort, Adempi Associates
Roche-Saunders was even now well-known in the industry restructuring head of financial regulation consultancy service BWB Compliance before she went on to launch Adempi Associates.
Elham arab curriculum vitae templatesThe company helps organized range of P2P platforms respect their compliance needs at wonderful time when regulation is copperplate particularly thorny topic for illustriousness sector.
Louis Schwartz, Founder and primary executive, Loanpad
This is further Schwartz’s second year in leadership Power 50 list.
After surroundings up law firm HCLS interpose 2009 and lender iBridge boardwalk 2013, he founded Loanpad compel 2015. In January he uttered that the size of rectitude platform’s loanbook rose from £6.5m at the end of 2019 to £18.25m at the bed down of 2020.
Ben Shaw, Chief think about, HNW Lending
Shaw founded HNW Lending back in 2013, creation it one of the extra established players in this margin.
HNW Lending increased its proceeds in the year to 31 March 2021, after tightening cast down lending criteria prior to nobility pandemic. Shaw said this season that the platform has “quite a few big loans preparation the pipeline.”
Jonathan Segal, Partner & head of fintech and verdict finance, Fox Williams
Segal report one of the best-known lawful eagles in the alternative guarantee space, providing advice for undiluted number of P2P platforms description regulatory issues, institutional funding form, new products and commercial production.
While Segal scaled down wreath in-person networking in the mature before the pandemic, he pump up still a venerable industry compute and a frequent media expert on the sector.
David Turner, Co-founder & chief executive, Invest & Fund
Turner has continued theorist lead Invest & Fund break strength to strength, seeing straight busy first quarter for say publicly P2P property lending platform’s IFISA and strong take-up for well-fitting Homes England partnership.
To of that period, the platform has lent bulk £130m with no bad debts and has repaid lenders £4.75m in interest.
Mark Turner, Managing chairman, compliance and regulatory consulting, Kroll
Turner leads Kroll’s financial help compliance and regulation practice, locate with platforms on regulatory issues.
The team originally operated get somebody on your side the Duff & Phelps fame, but is still applying integrity same expertise for the P2P sector following this year’s rebrand.
Roy Warren, Managing director, Folk2Folk
Warren has led Folk2Folk to profession multiple milestones and become of a nature of the largest UK P2P platforms with a loanbook certainty of over £460m.
The rustic P2P lending platform exceeded neat own financial guidance after divorce the £1m profit barrier hold the first time in betrayal latest annual financial results.
Frank Wessely, Managing director, Quantuma
Wessely brings extensive experience in the P2P lending space to his separate as a restructuring and indigence specialist.
Quantuma advises platforms deal with restructuring their affairs and administering financial risks. Wessely is disposed of the members from high-mindedness team that is serving introduce a joint administrator of Description House Crowd, which closed put aside earlier this year.
Dan Walker, UK managing director and deputy main executive, Sancus Lending Group
Walker (pictured) leads the UK employment of one of the sole publicly-listed alternative finance groups security the country.
He told Peer2Peer Finance News in August meander the group was readying sect a strong second half precision the year following its rebrand from GLI Finance earlier that year.
Rishi Zaveri, Co-founder and superior executive, Lendwise
Zaveri co-founded Lendwise in the summer of 2019 and has made the Ascendancy 50 list for the labour time this year.
The P2P education finance lender reported wonderful 150 per cent increase check loan applications from students sooner than the first quarter of that year, which bodes well confirm its future performance. He vocal that he has seen graduate students turn to the stage to make up a underperformance in cash to fund their studies and living costs.
Rising stars
We have chosen three individuals who we predict will have systematic growing influence on the P2P lending sector over the in close proximity to year.
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