Today, as promised, we run the second part of accountant Mandy Mitten’s appraisal of the state of the peer-to-peer crowdfunding loan market, as published in Bytestart. “Since 2014, the industry has seen regulation by the FCA. Lending companies must adhere to Principles for Business, preparations must be in place in case any platform should go […]
In the run-up to October’s alternative-finance conference “Alternative Funding: Old Problems, New Solutions” the article below caught our eye. Publicised on the platform Bytestart, the first extract deals with the problem of funding for small and medium-sized enterprises head-on. “Young businesses and start-ups that are looking to raise funding have a dizzying array of choices […]
Equity crowdfunding and peer-to-peer lending, aka debt crowdfunding, are set to “significantly shake up the banking market”, according to a survey of leading figures in the international financial services industry. The Daily Record reports: “A survey of 200 global conference delegates from 40 countries attending the recent University of Edinburgh Business School’s Credit Risk and Credit […]
Staying in the European Union and completing the single market will benefit small and medium-sized enterprises (SMEs) and help create thousands of jobs. This was the message delivered by Money&Co. CEO Nicola Horlick at the launch of the Prosperity Forum, the business voice of the British Influence (BI) lobby group. BI is a pro-European group, […]
We’re waiting for new statistics on crowdfunding growth in the UK, but can offer the latest from the other side of the Channel. France’s crowdfunding market has doubled in size, but is still dwarfed by its UK equivalent, report our friends at Crowdfundinsider. “The French national association of crowdfunding platforms has released the sector’s market numbers […]
Some platforms have more of a crowd in their crowdfunding mix than others. This article by Ryan Weeks, editor of Alt Fi, is instructive: “In August, we discovered that it had been three months since RateSetter had issued a loan without the protection of the provision fund attached – or, in other words, three months […]
Moneywise explains the basics of peer-to-peer lending, and does a rather fine job of explaining what it is we do here at Money&Co. “Rather than remain in poor-paying high street savings accounts, the more adventurous among you will be far better suited to taking on more risk with different products entirely. Those of you who […]
We keep hearing that the face of finance is changing. And it is: the alternative is becoming the mainstream, with crowdfunding at its centre. One of the most trenchant iterations of this view comes from a recent blog in Tech City News by Russell Gould. “According to finance supermarket, Funding Options, SMEs in the UK […]
Today sees the launch of a new loan offering. Money&Co. lenders have the opportunity to extend credit to Norvic Aero Engines Limited, an airplane engine repairer. The loan is B-rated and the borrower is seeking £317,000. At the time of writing it is 5 per cent filled with an indicative gross yield of 9 per […]
Alternative finance, with crowdfunding at its heart, offers a new form of resolving old dilemmas. The service that we provide is, in many ways, just like a credit union, a venerable form of providing liquidity for businesses and returns for lenders that’s been around for centuries. At Money&Co., we bring people together with businesses to […]