More moves in an alternative finance sector that’s working hard to adapt itself to new working conditions. Industry body Innovate Finance has appointed Mike Carter to lead its recently-established 36H Group, which took over from the Peer-to-Peer Finance Association in January. Our friends at AltFi take up the story. Carter has been appointed to the role of Head of […]
The British Business Bank announces that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial support to smaller businesses (SMEs) across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak. Good news. However… the information coming […]
Great British Recapitalisation anyone? One of the issues that will surely become a hot topic come the end of the Covid-19 epidemic is the refinancing of the British economy. Below, we run an extract from an article that posits one certainty: equity raises will be a key part of the recovery plan. If existing shareholders […]
The early news of virus fallout from the alternative finance sector is coming in. Below we run an excerpt of news from the European Crowdfunding Network (ECN) as reported by our friends at Crowdfundinsider. Our understanding – and direct experience here at Money&Co. – is that niche players will survive the crisis well. The ECN , […]
Regular readers will be aware that the Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge Judge Business School, is a friend of Money&Co. Here’s just one of our recent reports on an institution we consider the leading source of data and analysis in the alternative finance industry. The CCAF has published the single most […]
Finance in the time of the Covid-19 virus… The government FinTech industry body Innovate Finance is joining the call of non-bank lenders for the government’s support in ensuring the lending to UK SMEs actually works. The idea is good; the intention is god – but the execution seems to be falling through the cracks. The money appears […]
The news just gets worse for investors with cash on deposit. We thought things were bad a couple of years ago when base rates were over 1 per cent. We then surveyed 233 Cash ISA accounts, and the results of our labours were reported by P2P Finance News. SAVERS relying on cash ISAs are facing […]
We are following an old-fashioned takeover battle in the FinTech sector. A market-listed investment trust investing in alternative finance, particularly the platform-lending sub-sector, is the subject of a hostile takeover bid. As asset valuations for this investing in the sector via this route continue to fluctuate, an alternative route looks more and more attractive. Investors […]
Banking as we know it is set to change. Maybe, just maybe, mainstream banks will begin to offer better returns on their deposit accounts one day (tricky, though that is, given their overheads). If they ever get there, the alternative finance sector, with FinTech in the form of digital banks, will lead the charge. Our […]
This year in alternative finance is set to see the sustained dash for growth we’ve long predicted here in our News pages. One way platform lending operations like Money&Co. might do this is to seek a banking licence (but the process is long and demanding). Another way is to collaborate (thought this can be fraught […]