It’s the time of year when punters – and punters’ opinions – proliferate. That’s partly because there’s a shortage of news, and partly, in some cases one suspects, because there’s been some old-school, Fleet Street pint-related punditry. This, despite the fact that alcohol and keyboards do not mix. We’ll be offering our own sober, considered […]
Following rapidly in the slipstream of the high-profile initial public offering (IPO) of Lending Club last week, this week saw the IPO of OnDeck Capital. OnDeck, which, Like Lending Club, is positioned as a P2P lender, raised $200 million. “A wealth of non-traditional alternatives have popped up online over the last eight years,” reports CNN […]
Is there something in there for the older saver, investor or lender? A recent item in the redoubtable Money Week sparks debate. The writer, David Thornton, was lamenting the miserable plight of income-dependent savers and investors. Naturally, given that Money&Co.’s mission is to help income-poor savers and investors to become lenders (the average gross yield […]
How are we doing? Back in the summer, just after Money&Co. launched, CEO Nicola Horlick wrote in Business First magazine that “if the banks aren’t going to do anything about [their failure to lend], then it is up to individuals to provide the capital that companies so badly need, and quite rightly they will expect […]
We’re proud of what we do at Money&Co. Getting people together with carefully vetted businesses – which provide excellent returns in exchange for the capital they need to grow – is something that serves everyone well. Lenders, borrowers and general prosperity (the commonwealth, with a small “c”) all win. But what if it all goes […]
The government’s programmes to help lending to businesses, especially the small and medium-sized businesses to which Money&Co. facilitates loans, are going to reach just 25 per cent of their lending targets, according to a report in the Independent. “Vince Cable’s Department of Business, Innovation & Skills (BIS) forecast in March that the British Business Bank, […]
The remarkable march of Money&Co.’s peer-to-peer (P2P) business lending sector continues. The message is simple: we bring people together with business to provide excellent returns for lenders and much-needed capital for borrowing companies. And that message is spreading fast. Yesterday, we wrote about the possibility of Money&Co.’s producing a tax-free offering that would yield around […]
Imagine this. It’s not a pie-in-the-sky dream, but a realistic possibility: a tax-free income product with a yield of over 7 per cent. That’s the kind of offering we hope to be able to make if the UK government acts on its avowed intention to include loans like Money&Co.’s (peer-to-peer [P2P] business loans) in New […]
The Money&Co. team recently took the opportunity to catch up with Bryan Zheng Zhang, doctoral student at Cambridge University with an encyclopaedic knowledge of the crowdfunding market. Bryan was a leading light in the production of the latest report on our sector, which was published as a joint venture with the National Endowment for Science Technology and […]
All eyes in crowdfunding, and especially in our own P2P business lending sub-sector of crowdfunding, are set firmly to the west today. Shares in Lending Club, the biggest player in the US P2P business lending market, were floated on the stock market yesterday. As CityAM reports, “its valuation soared to more than $8 billion as […]