The FinTech Times comes up with what must be, even on a Monda, winner of the dodgy metaphor of the week award. It runs an article on challenger banks, seen by the writer as the eternal “mistresses” of finance. There’s useful information here, nevertheless. We run an excerpt below, with the full article available here. […]
“Resilience” is the buzz word for the FinTech sector just now, as regular readers of this News section will know. Business Manchester reports on continued capital inflows: Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19. […]
The Cambridge Network takes a measured and thoughtful look at the resilience of the UK’s FinTech sector. Resilience will certainly be required. Below, we offer an excerpt from the piece – which can be found in full by clicking here. As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech […]
The dominant topic in the alternative finance sector is the government initiative to get funding to small- and medium-sized enterprises (SMEs). On the hand, as evidenced here in our News section (see various earlier stories), is the concern that funds are not getting through to the SMEs. On the other, the mainstream is now voicing […]
The government-backed emergency finance juggernaut rolls on. The intentions are good, but is the money reaching its target? Time will tell. Our friends at AltFi report the latest: The UK’s financial institutions have lent out over £34.9bn to SMEs under the government-backed coronavirus loan schemes. The rate of lending has slowed for the second week […]
It’s too early to tell definitively, but the strong indications are that the digital economy is robust and leading the way forward for business in the UK. Money&Co., for example, has been operating smoothly under lockdown – and, as we see today in the following report from our friends at AltFi, deals are being done. […]
We revert to a familiar theme: mainstream investment into the alternative finance sector. Our friends at AltFi reports on a rose amongst thorns. Listed fintech VC fund Augmentum Fintech is joining two key FTSE Russell indices on 19 June as it is now counted among the 620 largest-listed companies on the London Stock Exchange. Augmentum will be added to […]
Our business cousins over the fence in equity raises are having a mixed experience. There was healthy deal volume for the Seed Enterprise Investment Scheme raises, but very few Enterprise Investment Scheme deals over £4 million. Business Matters magazine reports: In the 2018-19 tax year, £1.8 billion was invested into 3,905 companies, down from £2 […]
Today, we cast a look at Europe, where the early part of the economic recovery from Covid-19 is well under way. Our friends at P2P Finance News report on a healthy-looking real estate lending platform: EstateGuru has reached the 50,000 investor milestone as it enters the final week of its crowdfunding campaign. The European property […]
The FinTech Times runs a piece comparing US and UK FinTech stimulus packages. The big question, in both cases, is execution – whether the sector can distribute the government credit. We run an excerpt from the piece below. The fintech industry on both sides of the Atlantic has been presented with a huge opportunity and […]