It never rains, but it pours. Following a long period without loan offerings, we’re delighted to have been able to bring two well-received loans to the Money&Co. platform in less than a fortnight. In both cases, the borrower has exercised the option to close early – the second loan is closing today, within a matter […]
What’s the financial equivalent of a toe in the water? Our latest loan offering fits that description rather well. We’ve tested lenders’ appetite to provide credit for the well-known property company, webuyanyhome.com, with a tiny sliver of what lies ahead. At the time of writing, the offering has been up on site for fewer than […]
Our friends at Crowdfundinsider report on a blocked path to what, for many, is the Promised Land of being able to wrap crowdfunded loans into an Individual Savings Account (ISA). Or rather an IFISA, where the “IF” part stand for Innovative Finance”, as announced in 2015. In the peer-to-peer (P2P) business lending world we’re all […]
We have two bits of good news to report. First, our most recent borrower, Lawpack, was happy with the credit terms offered by lenders at a gross rate of 8.2 per cent; the A-rated £182,350 loan was locked four days early. Second, we have a series of loans in the pipeline – coming to our […]
We’re delighted to report that our new loan, from repeat borrower, specialist publisher, Lawpack, is very popular. In fewer than four working days it is 90 per cent funded, and there is a strong chance of an early close to the auction. The loan is A-rated, and has an indicative gross yield of 8.5 per […]
Yesterday’s News story took a look at post-Brexit FinTech, and offered a rather positive view of the sector’s prospects. Today, we see the flip side of the coin. A leading practitioner in the European market blogs in Bob’s Guide, and asks why the industry doesn’t make more of the freedoms offered by a single currency, […]
The Autumn Statement was something of a non-event. Soon, indeed, it will no longer be an event at all, as Chancellor Hammond informed us that the Autumn Statement was to be discontinued. This common-sense pronouncement was the most significant news item of the day. In the lull after the non-storm, we bring you a rather […]
Ahead of the Autumn Statement from the Chancellor of the Exchequer, we see healthy growth on the equity side of the crowdfunding fence. This, garnered from Lexology, is an encouraging read. “In 2014-15, 3,265 companies raised £1.8 billion through EIS funding and 2,290 companies raised £175 million through SEIS funding which is an increase of […]
Today, an opinion piece from KPMG offers this somewhat depressing news: “Lending to small and medium-sized enterprises (SMEs) has never returned to its pre-financial crisis levels. Peter Tuvey, co-founder and managing partner of Fleximize, a UK-based alternative business lender, discusses the bank referral scheme and how alternative finance can benefit SMEs. “Earlier this month, the government’s […]
Our friends at Small Business UK look at recent research into small and medium-sized enterprise (SME) activity and confidence. The message is all too familiar: many SMEs don’t consider funding options other than the mainstream – and this is hampering growth. “Small business growth and investment activity is being put under threat by concerns over […]