And so to far east London for the first Crowd Finders conference. Once you get there – and it is a trek from all points west – The Crystal delivered excellent conference services. The facilities were excellent, the amphitheatre itself comfortable, and the staff attentive. But the stars of the show were the speakers. The […]
We’d like to thank the lenders, borrowers and investors for making yesterday’s Bruton Place symposium such an engaging and interesting event. Nicola Horlick, Money&Co.’s CEO, spoke to the assembled group via Skype linkage from California. Senior credit analyst, Toby Furnivall, then drilled down into the detail of Money&Co.’s stringent credit-analysis process. Subsequently, investment banking specialist, […]
We have several dates with destiny this week. The Money&Co. site has experienced another rash of bids for the loan offering from Olsen Doors & Windows (B-rated with a 10.5 per cent gross indicative yield at the time of writing). With eight days to go, 81 per cent of the £250,000 target has been reached. […]
The run-up to the summer break is always a busy time – and never more so than this year. Tomorrow, we have drinks at our Bruton Place offices. Lenders and borrowers can mingle with investors, as members of the Money&Co. team and some of the users of our services talk about their experiences. It’s now […]
The role played by the Enterprise Investment Scheme (EIS) in funding small businesses appears to be greater than ever, with official figures from HMRC, otherwise known as the taxman, revealing that investment through the scheme soared to £1.4 billion last year, writes enterprise-ip.com. For the full story, click here. We like to think we’re […]
Yesterday we wrote about the debate surrounding peer-to-peer (P2P) loans as an asset class. We’re a young industry, producing new things – although really, we’re just like an old-fashioned credit union with a fancy 21st-Century internet platform instead of a big leather-bound ledger. The UK’s chief regulator, the Financial Conduct Authority (FCA) is considering how […]
What’s in a name? That which we call a savings product is, apparently, very different from a portfolio of loans. Money&Co.’s CEO, Nicola Horlick, a fund manager of more than 30 years’ standing, today argues in her blog that a well diversified crowdfunded peer-to-peer loans should be treated as a savings product. She adds that […]
Take the trouble to understand what you’re putting money into. The things that you can gain access to via a crowdfunding platform such as Money&Co. are typically different from traditional bank accounts and savings products. They are a different type of asset, an alternative way of deploying money in what is known as the alternative […]
Crowdfunding is generally thought to have originated in the United States, with the first widely acknowledged usage of the term coming in 2006 from a failed attempt to raise funds for a video project. European crowdfunding is catching up with the US. According to a report from Cambridge Judge Business School at Cambridge University, the […]
Crowdfunding is the process of raising money – “funds” – directly from “the crowd”. Typically, a large number of people each contribute a small sum of money. Here’s the practical process: If you have a company with at least three years’ filed accounts, a good track record of profitability (and the company needs to currently […]