The Bounce Back government loan scheme continues to expand. Metro Bank is the latest to try to get money to small businesses. AltFi takes up the story. The high street bank will be able to offer SMEs loans from £2,000 up to £50,000 following its accreditation by the British Business Bank today. Metro Bank joins the ever-growing list of 17 […]
Regular readers will be aware of our reporting on the way mainstream finance has invested – often rashly and prematurely – in the alternative finance sector. After a long period of difficulty, things appear to be turning round for publicly listed investment fund, Honeycomb Investment Trust. The fund has seen an increase in institutional investor […]
Ahead of the second spike – in loans coming onto the site – we offer a guide to lending. The secondary market in loans is active on site, but new loans, when they come, will require specific action. We note that a number of our registered lenders have deposited money, but not deployed it in […]
Starling, a leading FinTech “challenger bank” still has its sights set on an IPO, Covid virus or not. Given the volatile state of the FinTech sector, some might argue this a statement of intent, not a plan. Either way, AltFi carries the tale. Earlier reports of a Starling Bank IPO as soon as 2022 might be on hold, as […]
How are you doing? Nowadays, this question isn’t just a conversational gambit, but a genuine enquiry about health and well-being. Early indications point to a difficult future for SMEs in the post-Covid UK. There’s plenty of good intention from the government – but, of course, some might see good intentions as the paving stones on […]
Challenger bank OakNorth has claimed a lot of government cash. As regular readers will be aware, our concerns centre on the execution – getting the capital to the SMEs that need it. For now, we’ll comment no further. AltFi carries the tale: OakNorth has been allocated a new tranche of cash to lend to cash-strapped firms […]
From office attendance to app presence? UKTech News reports a successful tech raise of special relevance in a world of remote working and the changes brought about by the Covid-19 pandemic. For a lean and mean team like ours at Money&Co., simple digital meeting devices work very well – but this app may be a […]
To paraphrase a well-known song: nobody said it would be easy, but nobody said it would be this hard. No-one’s faulting the effort going into to reviving a crisis-hit economy – but planning and execution? That’s different. AltFi reports the latest on the Bounce Back Loan Scheme (BBLS). We run an excerpt from the full […]
We are currently living in a period of many initiatives and ideas, but few executed plans – and even fewer observable outcomes. The latest hope for dealing with the financial blight caused by Coroanvirus is a two trillion-euro ($2.2 trillion) plan for economic recovery, as floated by the European Commission, ahead of leaders’ talks on […]
News reaches us that just one in five loveMONEY savers is able to keep pace with inflation. According to that platform “it’s not hard to see why when you look at the best buy tables”. Before pointing out the hugely superior returns achieved by Money&Co. lenders (gross returns over eight per cent – with an […]