The ever-changing banking sector is where it’s at, folks. As regular visitors to this News site will know, a banking licence is on the horizon for this particular alternative-finance niche lender – and this is all part of the phenomenon of the alternative sector morphing into the mainstream. Our friends at Altfi report a development […]
The California Gold Rush. The conventional wisdom is that the most reliable way to make money from the mad 19th Century scramble for gold in them there hills was to set up supplies for the prospectors. Yes, there was a chance of striking the mother lode, but thousands of prospectors all needed ropes, jeans, tents […]
Regular readers of this News site will know that we think this is the era of the token – the corporate token launch, the new rogue crypto, the “us too” digital offerings of the central banks. Just as money is “the concretisation of trust” (our phrase), so tokens of any sort depend for their success […]
British banking, British challenger banks, British alternative finance. Amid that general swirl of techie excitement is Money&Co., a peer-to-peer (P2P) lender turned niche lender/digital boutique bank (once we get that licence!). Our friends at the Fintech Times report on the British Bank Awards, a category of which the FTT sponsored. We weren’t directly involved – […]
Following on from yesterday’s News story, we’ll know when cryptocurrencies have truly arrived once we cannot get away from them. As good a measure of common availability is their increasing accessibility in the hight street, via ATMs. Our friends at the Fintech Times report a follow-up ale to yesterday’s news. Cryptocurrencies’ rising popularity has seen […]
Do you know anyone who gets paid in Bitcoin, or buys train tickets from an automated kiosk using cryptocurrencies? If you do, the person getting paid is probably based in Japan (where Partial salary payment in Bitcoin has been an option for years). And digital-currency train ticket purchase has been a feature on Swiss train […]
Closing today… Please note that both HT Legal Helpline (currently 69 per cent funded, yielding 7 per cent) and Harris&Co. (currently 84 per cent funded, yielding 8%) will be closing today at 5pm. Both loans offer a gross yield of 7 per cent. Money&Co. CEO, Nicola Horlick, comments: “We have had no bad debts in […]
We head into the long weekend with three loan offerings open to registered lenders. Two of these have an A+ label, the highest credit rating awarded by our credit committee, and all have a sumptuous yield (although be aware of the risk factors that accompany high yield, as set out below and elsewhere on site). […]
We were recently contacted by top trade media outlet, P2P Finance News, regarding security checks and anti-money-laundering provisions. The enquiry came as a result of concerns expressed by UK regulators about alternative-finance lending and banking. Fortunately (we are vigilant, and have top-quality systems in place) we have been free from trouble at Money&Co. We reproduce […]
Starling Bank is in the process of moving from “challenger” bank to a major, mainstream player in the 21st Century’s banking sector. Our friends at Altfi chronicle the latest impressive moves from this quarter: Starling Bank has raised £130.5m from its existing investor base, as it looks to build a “war chest” for acquisitions. The challenger bank […]