There’s an old political adage about never wasting a good crisis. The UK government’s prompt, if unfocused, action to shore up SMEs with Bounce-Back Loans has proved to be an opportunity for the unscrupulous (who’ve been making the most of the Covid-19 crisis in a nasty way). Our friends at City A.M. report comment to […]
Regular readers will be aware that we monitor the progress – or otherwise – of major players in our own direct-lending sub-sector of FinTech. We offer the following extended excerpt of a news report from our friends at AltFi without further comment. Samir Desai, CEO and founder of listed lender Funding Circle, has purchased over 163,000 shares in the […]
Mainstream investors are of course paying more and more attention to FinTech opportunities. As part of the continuing theme we offer an extract from entirely uncontroversial opinion piece in AltFi that cites classics, such as “exit routes” as being desirable. Home truths… Research from Innovate Finance shows that investment in UK fintech dropped by 39% in the […]
The ever-changing foment concerning Covid-19 continues. AltFi reports early developments regarding the CBILS extension, which has had a positive-to-neutral effect on the UK equity markets, at least. Back when the government first announced its financial aid package to help SMEs in March, it was first met with a sense of exasperation as it appeared fintechs and alternative lenders had been ignored. Fintechs were initially […]
The resurgence of the Covid-19 virus is causing mayhem on all fronts. The hotch-potch of government-backed schemes to aid small business – lots of different ideas distributed in a rather haphazard way – is right back with us. Or maybe there’s more order and sense to all this than first appears. You decide. Meanwhile, here’s […]
The latest in a long stream of centralised initiatives – whose current and future success remains to be judged – is reported today by our friends at AltFi. We’re keeping a weather eye on the situation. More, assuredly, is to follow. Fintech industry body Tech Nation has today revealed the newest group of fintechs selected […]
A new loan offering from an established borrower is currently on site (see below). But that’s just one offering. It’s important to remember the risk-mitigation benefits of spreading risk… Diversification is one of the best ways of limiting risk. Our popular managed portfolio service is an efficient way of doing just that. Here’s a brief […]
Amid all the dark prognostications surrounding Covid-19, the news surrounding the FinTech sector is relatively good. Certainly, for cloud-based businesses such as Money&Co., it’s been relatively easy to find a new way of working. Our friends at UK TechNews report on a different way of doing business in the sector: The “new normal” is a […]
We report on the progress of this platform’s latest offering (an A+ proposition from webuyanyhomes) – see below). And we thought it opportune to provide one of our regular refreshers on how to lend to our carefully vetted borrowing companies. It is not a one-stage process. Investors who buy a fund or make a cash […]
The Financial Conduct Authority comes in for plenty of criticism, but it seems to be ahead of the game when addressing the potential credit disaster that is waiting to happen as the long-term effects of Covid-19 kick in. Our friends at P2P Finance News report: The Financial Conduct Authority (FCA) has said guidance on payment […]