One of our neighbours in the platform lending sector, Thin Cats, is closing the door retail lenders. AltFi reports: ThinCats is closing its retail peer-to-peer lending platform, saying it is no longer “cost effective”. ThinCats said it will instead focus on institutional lending. ThinCats, which was launched in Leicestershire in 2011, said no new loans will be offered […]
This piece on our CEO in The Mail on Sunday needs little further explanation from us. We run a couple of short extracts below. Former fund manager Nicola Horlick stopped investing in shares just before the credit crunch hit in 2007 and has not put a penny into the stock market since. Horlick, 58, currently […]
New regulations for platform lending, also known as the peer-to-peer (P2P) sector come into effect on Monday. We’ve reported on this several times. Here’s the take from our friends at Crowdfundinsider: The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of […]
Today, we bring you a story of a dramatic revaluation of a platform lender – one with a very different business model from our own, but a member of the sub-sector none the less. What’s the moral of the tale? We think it’s simply that mainstream finance got its valuations wrong a few years ago, […]
The extra scrutiny of the platform lending sector is set to bring some welcome shaking out. There are many excellent operators in the sector, and the prudently run operations will survive – and, indeed, thrive. With no further comment, we offer a recent report from AltFi. Plum, the AI-powered savings app, has ended its partnership with […]
We are pleased to announce the arrival of a new loan offer on site. After passing through our credit-analysis process, the loan is risk-rated B, with an 11 per cent gross yield, that is 10 per cent after deduction of Money&Co.’s one per cent fee. It has a five-year term. Although just recently landed on […]
Having achieved a very rare A+ risk rating after Money&Co.’s rigorous credit analysis, Mar-Key has an offering on site as it looks for long-term growth. Here is an extract from its pitch. “Mar-Key Group is a manufacturer and installer of large structure Marquees for major events, weddings and industrial structures. We also manufacture small marquees […]
Call it platform lending, marketplace lending or peer-to-peer (P2P) lending, the loans facilitated in our sector are a new asset class. The novelty of platform lending has contributed to a classic case of the syndrome known as fear of the unknown. There have been some high-profile failures in the sector. The lesson we’ve learned from […]
Is this the future of consumer-facing FinTech? HSBC is rolling out a platform for “yield-hungry investors”. Well, maybe – but with a track record of just 0.03 per cent of annualised bad debt and lenders’ gross yields averaging more than 8 per cent over the $19 million and five years of operation, we think we’re […]
Regular readers will be aware that we report regularly on the ups and downs (mainly downs so far) of the mainstream’s attempt to participate in alternative finance. Today we see and up- – and a down – as reported by our friends at AltFi. Upper Draper Esprit, the Dublin-listed venture capital firm which has been […]