Money&Co. WP https://wp.moneyandco.com Money&Co.'s official CMS Fri, 16 Sep 2022 12:56:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 Norway Makes Move On Crypto Market With Its Own CBDC https://wp.moneyandco.com/?p=14681 https://wp.moneyandco.com/?p=14681#respond Fri, 16 Sep 2022 12:56:15 +0000 https://wp.moneyandco.com/?p=14681 The inexorable desire of the mainstream to annex the alternative sector continues. We’ve reported and blogged on this before. Digital does note mean crypto…

Norway’s central bank has made the source code for its CBDC sandbox publicly available and confirmed that the prototype infrastructure for the project is based on Ethereum technology.

Having first outlined plans to test a host of CBDC technical options last year, in May Norges Bank brought in vendor Nahmii to help with its sandbox project.

Now, the open source code has been made available on GitHub, allowing for the testing of basic token management use cases, including minting, burning and transferring ERC-20 tokens.

In addition to deploying the appropriate smart contracts and access controls, the Norges Bank sandbox includes a custom frontend and network monitoring tools.

The sandbox network sits behind basic authentication and is only accessible by users with the appropriate credentials, meaning transactions are private.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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UK Altfi Sector A Major Beneficiary Of Northzone Move https://wp.moneyandco.com/?p=14675 https://wp.moneyandco.com/?p=14675#respond Wed, 14 Sep 2022 13:38:56 +0000 https://wp.moneyandco.com/?p=14675 Rumours of the death of the alternative finance industry are exaggerated. Altfi reports strongly contra-indicative news, at least:

In its largest fundraise ever, venture capital firm Northzone has raised a massive €1bn.

The firm now plans to use its tenth round of funds to invest in global consumer and enterprise companies across both the US and Europe.

Northzone will continue to focus on companies with “strong propositions”, it said, and leaders that have the “vision and conviction” to succeed on a global stage.

In line with the company’s long-term investment philosophy, it will focus on opportunities across all funding stages, from seed through to IPO.

“The tech, the talent and the growth trajectories are an order of magnitude greater than a decade ago,” Northzone partner Jessica Schultz said.

“Raising €1bn recognises the enormous ambition of European founders and the capital they need to create world-beating businesses.”

The European VC has an impressive portfolio with a number of fintechs, including Zopa, Klarna, Wagestream, Yonder and TrueLayer, and is looking to back the best tech companies of the next decade.

With an equal gender split in its investment team, Northzone emphasises the need to build diverse teams, both internally and in its portfolio companies.

Since launching its $500m Fund IX in 2019, the company has expanded its offer to founders, with new hires across sustainability, marketing, talent and business development.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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British Business Bank Tweaks Loan Criteria https://wp.moneyandco.com/?p=14668 https://wp.moneyandco.com/?p=14668#respond Wed, 31 Aug 2022 11:47:00 +0000 https://wp.moneyandco.com/?p=14668 Without wishing to be holier than thou, we see the wisdom of the latest government pronouncement on the use of credit offered by the British Business Bank. We have no loans of this type, and are not involved in this sub-sector, but enjoy news of the latest excursion into the sector.

Agricultural bank Oxbury has secured a £25m credit facility from British Business Investments, which it says will help it lend an additional £250m to rural SMEs.

The funding, which comes from the commercial subsidiary of the British Business Bank, follows Oxbury’s £20m equity raise in July.

Tim Coates, co-founder and chief customer officer at Oxbury, said the new funding line would “help accelerate Oxbury’s support for the rural economy and help farmers and food producers address the twin challenges of food security and the transition to low-carbon nature-friendly production.”

Oxbury’s relationship-led approach, enabled by our proprietary Oxbury Earth Agtech banking platform, is essential in serving the needs of the small and medium businesses that are the lifeblood of this crucial part of the British economy.”

In total, the bank has now raised £93m in debt and equity from investors including Frontier Agriculture, Hutchinsons Group and Hambro Perks.

To date, Oxbury says it has £650m worth of completed or in progress lending, and is well on its way towards lending £1bn by the end of 2024.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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The ‘Zombie Money’ Phenomenon in Alternative Finance https://wp.moneyandco.com/?p=14662 https://wp.moneyandco.com/?p=14662#respond Fri, 26 Aug 2022 12:14:51 +0000 https://wp.moneyandco.com/?p=14662

We’ve often remarked on the money forwarded to Money&Co. and then left lying on account earning no yield.

Two years after launching, Zopa Bank has crossed the £2bn deposit mark.

The digital bank has seen its volume of deposits double in just the last seven months, and is now one of the fastest challenger banks to reach the milestone.

It has more than £1.5bn of loans on its balance sheet, issued 350,000 credit cards and tripled its revenue per customer.

Aiming to transform the billions of pounds of “zombie money” sitting idle in UK current accounts, Zopa has two saving account options.

They have already topped the tables around 20 times, helped by an increase in both its easy access and notice interest rates.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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Mainstream Class Action Against Coinbase Is Test Case https://wp.moneyandco.com/?p=14657 https://wp.moneyandco.com/?p=14657#respond Wed, 24 Aug 2022 11:05:14 +0000 https://wp.moneyandco.com/?p=14657 The ambivalence between the mainstream and the alternative finance world continues. And here’s a test case, as reported by our friends at Finextra. We’ll be watching this one with the greatest of interest…

The world’s largest crypto exchange, Coinbase, is facing a Federal Class Action lawsuit over allegations that it failed to secure user accounts from hackers and thieves.

The complaint filed by commercial trial attorneys at BraunHagey & Borden LLP alleges that Coinbase misrepresents itself as having never been hacked and that its digital wallets are secure. The plaintiffs allege that Coinbase’s account security system is vulnerable to attack and that the platform has failed to prevent a series of breaches that have caused significant user losses.

These latest breaches occurred less than a year after Coinbase settled similar claims by the California Attorney General and paid $300 million.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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Does Cost Inflation Mean Wage Inflation? One To Watch… https://wp.moneyandco.com/?p=14651 https://wp.moneyandco.com/?p=14651#respond Tue, 23 Aug 2022 10:41:06 +0000 https://wp.moneyandco.com/?p=14651

 

Will the coming avalanche of high costs really affect you? Well, according to trade media outlet Altfi, a pay bump is reasonable to expect.

  • We were surprised. Really?

Well, this is how Altfi reports it:

The fintech world took note yesterday after a leading investment bank warned inflation could spiral to above 18 per cent next year.

The gloomy prediction came from investment bank Citi and would mean UK inflation would be at nine times the Bank of England’s target and reach its highest point in more than 40 years.

The last time consumer price inflation was last above 18 per cent was 1976, official figures show.

Amid already spiralling inflation across Europe and the US, several fintechs have been forced to cut staff, citing inflation as a cause.

For example, Robinhood CEO Vlad Tenev cited “record inflation” as a reason the stock trading app was cutting 23 per cent of its staff earlier this month. Likewise, Klarna cited inflation when cutting 10 per cent of its employees in May.

Other fintechs have told AltFi they would be increasing salaries to combat rising inflation, including Berlin-headquartered insurtech INZMO and crowdfunding investment platform Crowdcube.

But it remains to be seen if fintechs en masse will be offering staff a pay bump amid an even worsening economic environment.

  • This is certainly one to watch, as we say above, and we’ll be reporting back.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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Horizon Scanning Highlights Need For Careful Selection In Business Loans https://wp.moneyandco.com/?p=14644 https://wp.moneyandco.com/?p=14644#respond Mon, 22 Aug 2022 11:49:28 +0000 https://wp.moneyandco.com/?p=14644

 

Our friends at Altfi do some horizon scanning ahead of the much-discussed dark winter ahead. Here’s a short excerpt:

While most agree they don’t want a re-run of the worst of 1970s – winter power cuts, strikes, spiralling inflation, bankruptcies, unemployment and sluggish growth – much of it already seems to be happening or expected to in the coming months.

For nimble digital lenders, particularly those poised to react quickly to new data sources, this could, however, be another period of accelerated growth following on from gains made during the pandemic.

Lending could soon become a much more polarised market with low-risk businesses and low-risk consumers still having plentiful access to credit but higher risk borrowers cut out. 

The former will therefore be courted more heavily by a larger group of lenders. The latter, the opposite. Lenders meanwhile will require a suite of new data sources to price both groups accurately. Fintech-enabled firms may well be best suited to these conditions.

  • Regular readers of this News section will be aware that Money&Co.’s business strategy – it’s for others to call it “nimble” or not – fits with this perspective. We have been super-selective for years now – asset-backed or industry-specific loans are the avenues that we know well and explore.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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A-Rated Litigation Offer Yielding 8% Is Going Fast https://wp.moneyandco.com/?p=14638 https://wp.moneyandco.com/?p=14638#respond Tue, 16 Aug 2022 12:14:28 +0000 https://wp.moneyandco.com/?p=14638 It’s out there – but not for much longer – because it’s going fast. Our latest tranche of loan offering is rated A by Money&Co.’s credit committee. The yield is eight per cent, and the term is twelve months.

Here’s a detail of the credit note, which can be fully accessed by logging in.

  • At the time of writing, the offer is 70 per cent filled.

The firm has recently been acquired by the Corporate Guarantor in this transaction as the concluding part of a vertical integration strategy targeting bulk civil litigation claims. There are four variables in the claims process which are:- – procurement of claims; – funding for disbursements; – ATE insurance wrapper; – Execution (litigation). The guarantor has been active in CWI claims for two and a half years, deploying more than £70m across a portfolio of funded claims. To date these claims have all been directed to third-party law firms for execution.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

 

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Going, Going, Nearly Gone… Grade A Biotech Offer Selling Out https://wp.moneyandco.com/?p=14632 https://wp.moneyandco.com/?p=14632#respond Fri, 12 Aug 2022 10:33:26 +0000 https://wp.moneyandco.com/?p=14632

 

Going, going, going, almost gone… Closing when filled, 93 per cent of biotech company Regenall is now bid for. The company is seeking £100,000, and is at the cutting edge of biotech and cosmesis, led by one of the UK’s most eminent surgeons. The company is risk-rated A, and offers a gross yield of eight per cent, over a term of one year.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

 

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UK SMEs Offer Bright Outlook Amid Wider Economic Gloom https://wp.moneyandco.com/?p=14627 https://wp.moneyandco.com/?p=14627#respond Thu, 11 Aug 2022 13:11:19 +0000 https://wp.moneyandco.com/?p=14627

 

In case you hadn’t noticed, it’s hot out there. And lesson 1.0 in today’s irony course is that the physical heat is a sharp contrast to the nuclear winter that the economy is facing. Rocketing energy bills are precipitating an inflationary and political crisis.

But, pleasingly, there’s a good news story to be told. How long will this good-news situation obtain? Anyone’s guess – meanwhile, our friends at Crowdfundinsider report:

As COVID lingered and the economy stumbled due to rapidly rising prices and geopolitical strife, investment in private UK firms continued unabated, hitting a record amount of £14.9 billion during the first half of 2022. These investments were led by the burgeoning Fintech sector that continues to drive significant capital formation as well as economic growth.

As outlined in a report by Beauhurst, investment in private firms during H1 2022 soared, delivering almost £15 billion in comparison to the prior 6 months (H2 2021) of £12.1 billion or an increase of 23%. In comparison to the first 6 months of 2021, investments rocketed by 37% from £10.9 billion.

Historical Performance And IFISA Process Guide

  • Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). 

That figure is the result of over £24 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders’ capital is at risk. Read warnings on site before committing capital.

  • Money&Co. has been lending for over 7 years and has only had two bad debts so far, representing a bad debt rate of 0.03 per cent per annum.

All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.

So here’s our guide to the process:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2020/21 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.

For more detail, login or register here.

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