We bring news – the last for some time, unless there’s a new, catalysmic event – of more Brexit-induced doings in the market. Our friends at AltFi report: Following the announcement that N26 was leaving the UK, apparently due to regulatory issues relating to Brexit, digital banks saw a surge in transfers and customers from the German […]
UK Tech News is new on our radar, and seems very close to advertising and PR concerns. Still, this very optimistic piece reports a glorious, bright future for the altfi sector. We just hope it’s true: A recent study by KPMG found that over £2bn of Venture Capital has been invested into UK startups over […]
Regular readers will be aware of our timely updates on the troubled relationship between mainstream investment and the alternative finance sector. We’re not saying that all the early investments in the altfi sector were foolish, far from it. But it’s true to say that some of the institutional investors did seem to rush in at […]
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 […]
Regular readers will be aware that we report regularly on the ups and downs (mainly downs so far) of the mainstream’s attempt to participate in alternative finance. Today we see and up- – and a down – as reported by our friends at AltFi. Upper Draper Esprit, the Dublin-listed venture capital firm which has been […]
While the asset side of the alternative finance market – both equity and debt – still has a way to go before it’s fully accepted, alternative banking is going well. Our friends at AltFi report: German digital bank N26 is currently leading the European challengers in the US digital banking landgrab, taking nearly 50,000 downloads for the […]
The Financial Services Bill, laid out in this week’s Queen’s Speech, aims to bring “certainty, stability and new opportunities” to the UK banking industry, report our friends at AltFi. The Bill is geared to ensuring the UK’s financial rules continue after Brexit as well as the UK remaining open to international markets. The Bill will be debated on […]
With today’s entirely unsurprising news that a Brexit deal is “essentially impossible” – we were never stupid enough to believe that no deal was a million-to-one shot – we look at preparations on either side of the Irish border. Our own position is clear: we’ll continue to lend to carefully vetted companies with a good […]
Today we bring news from a different area of alternative finance – the “challenger bank” area, as opposed to our own peer-to-peer (P2P) part of the world. Revolut has produced new figures – as is to be expected from a young business, the new bank reveals more growth, greater losses. AltFi reports. Revenues more than […]