Peer-to-peer lender Funding Secure goes into administration

Pawnbroker’s 3,500 investors waiting to hear how much of £80m in loans will be recoveredPeer-to-peer pawnbroker Funding Secure has collapsed, leaving thousands of investors at risk of major losses.The Buckinghamshire-based company ran into trouble after an increased number of borrowers struggled to pay back their loans. Funding Secure also became embroiled in a fraud lawsuit involving the art dealer Matthew Green, who the lender claimed owed it about £3m. Continue reading...