As predicted, the new regime of tighter regulation in platform lending, or peer-to-peer (P2P) lending is seeing some shake-out. One immediate consequence seems to be that those platforms with business models aimed at lending to carefully vetted businesses will do better than those lending to individuals. IBS Intelligence reports on the closure of a platform […]
One of our neighbours in the platform lending sector, Thin Cats, is closing the door retail lenders. AltFi reports: ThinCats is closing its retail peer-to-peer lending platform, saying it is no longer “cost effective”. ThinCats said it will instead focus on institutional lending. ThinCats, which was launched in Leicestershire in 2011, said no new loans will be offered […]
This piece on our CEO in The Mail on Sunday needs little further explanation from us. We run a couple of short extracts below. Former fund manager Nicola Horlick stopped investing in shares just before the credit crunch hit in 2007 and has not put a penny into the stock market since. Horlick, 58, currently […]
New regulations for platform lending, also known as the peer-to-peer (P2P) sector come into effect on Monday. We’ve reported on this several times. Here’s the take from our friends at Crowdfundinsider: The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of […]
Today, we bring you a story of a dramatic revaluation of a platform lender – one with a very different business model from our own, but a member of the sub-sector none the less. What’s the moral of the tale? We think it’s simply that mainstream finance got its valuations wrong a few years ago, […]
The extra scrutiny of the platform lending sector is set to bring some welcome shaking out. There are many excellent operators in the sector, and the prudently run operations will survive – and, indeed, thrive. With no further comment, we offer a recent report from AltFi. Plum, the AI-powered savings app, has ended its partnership with […]
We are pleased to announce the arrival of a new loan offer on site. After passing through our credit-analysis process, the loan is risk-rated B, with an 11 per cent gross yield, that is 10 per cent after deduction of Money&Co.’s one per cent fee. It has a five-year term. Although just recently landed on […]
Having achieved a very rare A+ risk rating after Money&Co.’s rigorous credit analysis, Mar-Key has an offering on site as it looks for long-term growth. Here is an extract from its pitch. “Mar-Key Group is a manufacturer and installer of large structure Marquees for major events, weddings and industrial structures. We also manufacture small marquees […]