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 […]
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 […]
Today, two snapshots of the wild world created by Covid-19. We leave you to decide which scenario you find more credible. First, fine words from the British Business Bank. AltFi reports: Fintechs will be “even more important” coming out of lockdown than they were during lockdown helping smaller businesses return to normality, according to the British Business […]
Money&Co. CEO Nicola Horlick has pointed to a substantial drop in Innovative Finance ISA (IFISA) inflows this years. She argues the Covid-19 crisis is a major contributor factor to the downturn. Nicola spoke to our friends at P2P Finance News, and we offer their accurate report of a recent interview as a reprise of Nicola’s […]
As we look forward to a business world settling down in a post-Covid world (with a mixture of hope as well as enthusiasm) we thought we’d offer a refresher on how to lend. We cover new loans (to come) and buying other lenders’ loans in the secondary market. How do you go about lending and […]
The Evening Standard reports on recent annual figures published by Money&Co. Fund manager Nicola Horlick’s lending platform Money&Co lost £400,000 in the last financial year as potential investors ducked taking out its ISAs amid the Covid crisis. Horlick, once dubbed the “City Superwoman”, set up Money&Co and its holding company Denmark Square in 2013 as […]
Today, we bring you the latest in the confetti storm of information as to how business is faring in the Covid-19 crisis. The various news stories reinforce our view – taken many months before the advent of the virus – that property-backed and other asset-backed niche lending is the way to go. Our friends at […]
We fear there may be quite a few stories like today’s in the news pipeline. Citing Brexit and Covid complications, the Finnish fintech says all Holvi accounts in the UK will expire on 31 October 2020. Our friends at Finextra report: “The UK is a challenging market – and at the beginning of the year […]
The stories are yet to be told. But the critics who argue that the government’s strategy for the Covid-19 crisis consists of throwing money at things may have a field day with this news report from our friends at Crowdfundinsider. We’ll keep monitoring the situation. Meanwhile, here’s an excerpt from the tale: Emergency COVID-19 funding […]
In the grand scheme of changes effected by the pandemic crisis, working from home is far more widely accepted than before. Put another way, Covid claims a victim in the FinTech resources space. Our friends at Finextra report: London’s TechHub has been forced into administration due to a revenue drain from startups feeling the pain […]