Project Rhapsody is now 29 per cent funded. The loan offer has an A risk rating, and provides a fixed-rate return of 8 per cent over five years. From the borrower: “The primary purpose of the loan is to provide working capital to the business so it can continue to collaborate to produce high quality […]
As we write today’s News story, the latest loan offerings on site are attracting bids from registered lenders. More new loans are due on site shortly – so we thought it might be helpful for casual visitors to learn the simple process (set out below) of how to lend. Click here for more, and to […]
With today’s entirely unsurprising news that a Brexit deal is “essentially impossible” – we were never stupid enough to believe that no deal was a million-to-one shot – we look at preparations on either side of the Irish border. Our own position is clear: we’ll continue to lend to carefully vetted companies with a good […]
We’re pleased to report good progress on the latest loan offering to land on site. Project Rhapsody has an A risk rating, and offers a fixed-rate return of 8 per cent over five years. It’s 25 per cent funded at the time of writing. Below we offer an excerpt of the borrower’s pitch. Log in […]
Good news for borrowers in the alternative-finance sector. The total cost of short-term unsecured borrowing from alternative lenders for most credit-worthy businesses has fallen below 9.5 per cent since March, according to newly published independent research. Our friends at AltFi take up the story. Funding Xchange, which tracks the lending activity of 40 specialist SME […]
Today we bring news from a different area of alternative finance – the “challenger bank” area, as opposed to our own peer-to-peer (P2P) part of the world. Revolut has produced new figures – as is to be expected from a young business, the new bank reveals more growth, greater losses. AltFi reports. Revenues more than […]
A new loan offering has just landed on site. This is the second tranche offered by Yes You Can. It’s a B-rated offering, over of five-year term, with a fixed rate yield of 11 per cent gross. Fuller detail is excerpted from the borrower’s offering on site below. The whole pitch – vetted according to […]
Some 65 peer-to-peer lending platforms have received a letter from the Financial Conduct Authority (FCA) warning them to “act now” to clean up poor practice or face a “strong and rapid” crackdown, The Times reports. For clarity, Money&Co. had a routine and welcome two-day visit from the FCA in early summer. We have not changed our business […]
Citywire reports on a major rebranding and the new investment focus of a major mainstream investment company, which is shifting away form personal loans as peer-to-peer (P2P) investments. Regular readers will be aware of Money&Co.’s long-standing commitment to top-quality security in P2P loans. We’ve always insisted on no debt other than our own first charge […]
Peer-to-peer (P2P) lending can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this platform is more than 8 per cent, before we deduct our one per cent charge. That return has handsomely outperformed retail price inflation, which has averaged around two per […]