As promised yesterday, here is the remainder of the coverage of the FCA response to MP Andrew Tyrie’s queries regarding peer-to-peer (P2P) lending. The FCA has its own concerns about consumer understanding of risk. There is some evidence that FCA and Tyrie are right to be concerned —37% of UK consumers who are aware of P2P […]
Today, we bring news from the peer-to-peer (P2P) lending sector in which Money&Co. operates. The reporting comes from our friends at UK Business Insider. “Back in June, Andrew Tyrie, the Chair of the Treasury Select Committee, wrote to the UK Financial Conduct Authority (FCA) asking how it addresses the risks and opportunities presented by peer-to-peer (P2P) lending and […]
The news outlet This Is Money sees the recent UK base rate cut plying to the advantage of debt (peer-to-peer[P2P]) and equity crowdfunding: “The peer-to-peer loans and equity crowdfunding markets are celebrating the Bank of England’s lowering of the base rate to 0.25 per cent in anticipation of an influx of new investors.“ The […]
Lending amongst crowdfunding’s biggest (peer-to-peer) P2P operators fell in the second quarter. There’s one clear reason why: it is, paradoxically, uncertainty. Uncertainty is one way of describing the UK’s economic and financial climate, post-Brexit vote. Our friends at Bridging & Commercial report events this way: “A £57m drop in new peer-to-peer lending between Q1 and […]
After yesterday’s peek at equity crowdfunding and its state of health, we thought we’d take a look at our own sub-sector of crowdfunding, peer-to-peer (P2P) business lending. Our close friends at crowdfunding intelligence platform, Another Crowd, offer a take we largely endorse. Below we offer an extended extract. “We always wanted peer-to-peer lending to be […]
A recurring theme of our coverage of the alternative-finance sector is commentary on what’s happening on the equity side of the crowdfunding fence. As providers of debt funding for more mature small and medium-sized businesses (average age of our borrowers, 12 years-plus), we see equity crowdfunders as cousins, not competitors. Equity raises tend to come […]
As we prepare our next loan offering, Money&Co. offers a diversion on the serious topic of… diversity. Our CEO, Nicola Horlick, opines in The Mirror on men’s and women’s ambitions in the workplace. “The difference between men and women is that men wear their ambition on their sleeves and are frequently prepared to stamp on […]
Uncertainty following the Brexit referendum vote continues. UK business Insider offers some upbeat news: “British fintech startups have announced at least £40 million of investment in just over a month since the referendum on the UK’s membership of the European Union, according to an analysis by Business Insider. “Nine funding deals in the fintech sector totalling […]
Money&Co.’s latest loan offering closes today at 17:00. This A-rated, three-year loan of over £121,000 is being sought by an independent adviser looking to use the funds to expand. At the time of writing the offering has a current average gross yield of 8.4 per cent. Meanwhile, as providers of alternative finance in the form […]
Money&Co.’s latest loan offering closes tomorrow at 17:00. This A-rated, three-year loan of over £121,000 is being sought by an independent adviser looking to use the funds to expand. At the time of writing the offering has a current average gross yield of 8.5 per cent. How auctions work The offer is 100 per cent […]