Yesterday, we carried grim news for savers with money in bank deposit accounts. Today, a bad situation for income-dependent savers and investors just got worse. The BBC carries a report that the European Central Bank “is expected to announce it will inject up to 1 trillion euros into the ailing eurozone economy. “The ECB could […]
Yesterday saw another highly successful and stimulating breakfast debate at Money&Co.’s London offices, as would-be lenders discovered more about the exciting yields on offer for those wanting to lend to business borrowers. The debate ranged over credit analysis, borrower selection, payment methods, safeguards, and regulation. The average return for Money&Co. lenders, after yesterday’s successful close […]
The Financial Conduct Authority (FCA) says in a report on the cash savings market, published today, that the cash savings market is “not working well”. At Money&Co., we consider that a massive understatement. And we are not alone: “Millions of savers are getting a raw deal, particularly from the big High Street banks, the Financial […]
There really can be too much of a good thing – even if the thing in question isn’t particularly good. Today, we look at a new, government-backed savings product, and examine its merits compared to the risks and rewards of investing in the crowdfunded peer-to-peer (P2P) business loans offered by Money&Co. The National Savings & […]
The week ahead starts today. Here’s a quick checklist of things you may want to consider over your Sunday-morning coffee and sticky buns, and in the days ahead. Getting An Excellent Return On Capital This is the last chance to lend to Yorkshire-based credit control company ARP. This loan has reached its funding target, but […]
We’re delighted to announce the completion of another loan on the Money&Co. platform. Benefiting from the second loan to complete this week, London-based S.M. Devine Contractors Ltd had a C+ credit rating. The loan produced a gross yield of over 14 per cent for Money&Co. lenders, and the borrower benefited from an efficient capital-raising process. […]
If you want the bigger picture, an idea of the prime mover behind the Money&Co. business, check out this interview with Money&Co. CEO, Nicola Horlick, on the London Live television station. Only at the end does the interview touch on the mechanics of Money&Co.’s peer-to-peer business lending (see Home and Lend pages for the latest […]
Exciting news for ARP Enforcement Services. The fast-expanding Yorkshire-based debt-recovery company, headed up by Tony Pycroft (above), has raised 100 per cent of the £70,000 it’s looking to raise. “The business is growing rapidly and this loan is to ensure the business can cope with the growth and to further expand,” says Pycroft. To see […]
Crowdfunding is a serious business. But it’s not taken quite so seriously as it might be – or as it will be. That’s the essence of a fine piece of commentary by David Prosser in The Independent. The crowdfunding market and the language used to describe it has evolved rapidly, even in the eight months […]
The fall to 0.5 per cent in the Consumer Price Index, published today by the Office for National Statistics, was widely anticipated. The fall-out may be more surprising. Today’s mainstream media coverage focuses on all the usual knock-on effects: sharply lower inflation projections, and consequent expectations of low interest rates being sustained put pressure on […]