The mainstream of financial services has a love-hate relationship with those in alternative finance. It’s a familiar tale of the establishment seeking to assimilate the rebels and smooth off the rough edges. The early days of many FinTech companies saw a weird relationship with the banks, who simultaneously courted and envied their success -and attempted […]
The latest loan offering on site has an A-rating and the annual rate of interest will be 7 per cent. The term of the loan is 12 months. The offer, recently launched, is already 59 per cent filled. As regular readers and lenders will be aware, Money&Co. has a very conservative credit-rating and vetting policy. […]
As we head to the weekend, here’s a little something on which to ruminate: yet more money – serious money or silly money? You decide – heads to cryptoland from a mainstream finance industry that’s desperate to find out what’s going on and how to make money in the new arena. Our friends at Finextra […]
Today we offer tidings of a new launch, very much a product of its time – offering what are very much the products of our times. Our friends at AltFi report: Ikigai, a new fintech offering wealth management and e-money accounts, has launched in the UK. The company, which previously raised £2 million in a […]
Here’s another consequence in the current surge in the Bitcoin price, which has traded as high as $60,000 in recent days. We’re not making any investment comment, other than to say as purely personal observation, that despite hearing the many gung-ho radio adverts to attract punters, this isn’t an IPO the writer of this News […]
The biggest landmark event in the FinTech sector since the IPO of Lending Club over six years ago is upon us. It’s another IPO – the flotation of crypto exchange, Coinbase. The share debut will see an explosion of interest and publicity – and, we hope, understanding. Our friends at Crowdfundinsider run a piece that argues […]
The new tax year, beginning 6th April, will see the launch of the UK government’s new debt finance programme. The Recovery Loan Scheme (RLS) will replace the existing three lending programmes set up in the immediate aftermath of the onset of Covid-19 in the UK a year ago. The RLS will replace the Coronavirus Business […]
A new snippet of news from the mainstream of financial-services sector reinforces a growing trend we’ve noticed. The mainstream is much better at buying FinTech operations than it is at setting up its own businesses in the sector. This story comes from our friends at AltFi: NatWest has closed Esme Loans, a standalone lending platform it launched […]
The FinTech sector was originally a grass-roots movement. The people, led by geeks, were doing finance for themselves. We think here of the early days of Lending Club over a decade ago. This was a peer-to-peer lender doing what individuals wanted and small businesses needed. All long before the advent of investment banks and plans […]
We are pleased to announce the arrival on site of a brand-new loan offering. It has an A-rating and the annual rate of interest will be 7 per cent. The term of the loan is 12 months. The offer, just launched, is already 9 per cent filled. As regular readers and lenders will be aware, […]