The peer-to-peer (P2P) lending section of the alternative-finance sector continues to evolve. Our strategy of niche lending here at Money&Co. is clear, as evidenced by this recent News report. Our friends at Altfi report the latest developments in the P2P sector: Lending Works, one of the oldest UK peer-to-peer lending platforms, is exiting the retail funding […]
There’s good news about what promises to be a very string new financial year ahead. We were recently called for an update by leading trade publication, P2P Finance News. The report is set out below. Money&Co. made a loss of approximately £200,000 in the year ending 31 March 2021, but the platform’s chief executive Nicola […]
Today we reprise the loan offer terms of the latest offering to land on site. For full details, register and log in here. As ever, we have put our best efforts into ensuring the veracity of the borrower’s representations, but cannot warrant their accuracy. This is a £200,000 loan with a term of12 months. […]
Regular visitors to our News section will be aware of one of the major developments in digital currencies – the attempt by central banks to muscle in on the scene. Central Bank Digital Currencies (CBDCs) are digital, but not crypto currencies. The differentiating factor is that the central banks keep a register of the holders […]
Following yesterday’s News item on Zopa’s withdrawal from the peer-to-peer lending market, Money&Co.’s founder and CDEO, Nicola Horlick, features in a round-up pf reactions, published by our friends at P2P Finance News. After 16 years, Zopa is exiting the peer-to-peer lending space, leaving an enormous gap in the market and raising questions about the future of consumer […]
Today we bring news of the latest step along the evolutionary path that is bringing convergence between mainstream finance and the alternative-finance sector. Our friends at Altfi report a significant development: The pioneer of peer-to-peer lending Zopa is to shut its P2P platform after 16 years in a bid to focus on its growing bank and credit […]
The latest £77,600 loan offering, yielding seven per cent and risk-rated A, is now 33 per cent funded. The lender is seeking to fund claims for financial mis-selling. The term of the loan is 15 months. Below are some details from the borrower’s pitch – as ever, we’ve done due diligence but cannot warrant or […]
Perhaps the financial mainstream isn’t alone in struggling to keep up with the pace of change in the FinTech revolution. Our friends at The Fintech Times report: 48% of fintechs’ data security is struggling to keep pace with innovation and digital transformation; a new report by Veritas Technologies has found. In the accelerated switch to meet the […]
Regular readers will be aware we cover equity crowdfunding – the other side of the fence from debt or loan-offer funding – on a regular basis. The latest news, following an aborted merger between Crowdcube and Seedrs (the two leaders in crowd equity funding) is a deal from the USA. Our friends at Crowdfundinsider report: […]
Our latest loan offering, A-rated and yielding seven per cent, is currently 15 per cent filled. As it attracts bids from registered lenders the opportunity to review that bid process presents itself. Some of our lenders have been rather passive – they have parked cash in their accounts without allocating it to a loan. That […]