The latest offering to land on site is rated A+ – a rare mark of distinction from our credit committee – and has a duration of two years. The gross yield is seven per cent. Mar-Key Group is well-known to Money&Co. Below is an excerpt of its representations to lenders. We have done due diligence […]
The end of the tax year is approaching and you must use your ISA allowance by midnight on 5 April or you will lose it. The ISA allowance for 2020/21 is £20,000 if you are a UK taxpayer. The Money&Co. Innovative Finance ISA allows you to receive interest on your loans completely tax free. Since […]
Further to yesterday’s news item, the big equity crowdfunding deal on the other side of the alternative-finance fence has hit the regulatory rocks. AltFi reports: Just hours after the Competition and Markets Authority (CMA) threw a wrench in Seedrs and Crowdcube’s plan to merge, both platforms have agreed to terminate the merger. “We’re obviously disappointed with the CMA’s findings but we […]
The equity side of crowdfunding is in crisis, with the proposed merger between Seedrs and Crowdcube subject to high levels of scrutiny. Both parties to the deal say the success of the merger is crucial to their continued survival. To offer a little context, we set out an excerpt from an earlier News item on […]
Financial regulatory authorities are trying hard to keep up with – or even stay ahead of – the pace of change in the digital aspects of FinTech. Increased vigilance is the least that should be happening, for a number of good reasons. Our friends at AltFi report on one of them here: The pandemic has […]
The mainstream of financial services has a love-hate relationship with those in alternative finance. It’s a familiar tale of the establishment seeking to assimilate the rebels and smooth off the rough edges. The early days of many FinTech companies saw a weird relationship with the banks, who simultaneously courted and envied their success -and attempted […]
The latest loan offering on site has an A-rating and the annual rate of interest will be 7 per cent. The term of the loan is 12 months. The offer, recently launched, is already 59 per cent filled. As regular readers and lenders will be aware, Money&Co. has a very conservative credit-rating and vetting policy. […]
As we head to the weekend, here’s a little something on which to ruminate: yet more money – serious money or silly money? You decide – heads to cryptoland from a mainstream finance industry that’s desperate to find out what’s going on and how to make money in the new arena. Our friends at Finextra […]
Today we offer tidings of a new launch, very much a product of its time – offering what are very much the products of our times. Our friends at AltFi report: Ikigai, a new fintech offering wealth management and e-money accounts, has launched in the UK. The company, which previously raised £2 million in a […]
Here’s another consequence in the current surge in the Bitcoin price, which has traded as high as $60,000 in recent days. We’re not making any investment comment, other than to say as purely personal observation, that despite hearing the many gung-ho radio adverts to attract punters, this isn’t an IPO the writer of this News […]