Funding Circle debt buyer Azzurro Associates has plans to purchase more peer-to-peer business lending portfolios.
The debt buyer, which is owned by US asset manager Elliott Management, has previously bought defaulted loans from now former P2P lending platform Funding Circle.
Founder and chief executive Andrew Birkwood said he cannot comment on specific transactions but said the relationship with Funding Circle is good and acquiring more P2P business lending portfolios is part of the firm’s strategy.
Read more at p2pfinancenews.co.uk
