As one door closes, another opens. The £500,000 B-rated loan offer by soft furnishings manufacturer, Ultimate 99, is 81 per cent funded, and will close in nine days. Meanwhile, we are pleased to welcome a new £500,000 loan offer on site. Globavista has obtained an A rating from our credit-analysis process, and is seeking a […]
This week’s Treasury Select Committee Report on lending to small- and medium-sized enterprises (SMEs) has an undertone of frustration that the area is still dominated by traditional sources of finance. Money&Co. issued a short statement on the direction of SME financing, and our hopes and expectations regarding the benign disruption to be expected from peer-to-peer […]
Money&Co. and other peer-to-peer (P2P) crowdfunding platforms have long been lobbying the UK government for a separate, third category of tax-free savings plan for individuals. We have been arguing, along with others in our sub-sector of crowdfunding, that in addition to the existing cash and stocks-and-shares versions of the New Individual Savings Account (NISA), which […]
“Peer-to-peer lending and crowdfunding – the process of investors and savers being introduced via the internet to people and companies who need finance – is the phenomenon of our time, the first really useful innovation in finance since the automatic cash machine,” writes Evening Standard columnist, Anthony Hilton. Hilton is (quite rightly) enthusiastic about P2P […]
Over the past few months, the Money&Co. site has seen a great number of people sign up to be new lenders for the loan auctions on the website. Given the relative youth of the peer-to-peer business lending sector, we wanted to highlight some of the basic facts about lending on the site. Can I be […]
Ahead of the imminent major new loan offering on the Money&Co. site, we bring you a view from academia – a well-written and informative excerpt of commentary from Open University personal finance lecturer, Jonquil Lowe. Ms Lowe hails the marketplace lending, or peer-to-peer (P2P) business lending sector as a beign, disruptive force I finance – and […]
We’ve shamelessly grabbed today’s headline straight from The Wall Street Journal (WSJ). What we’re noticing from our marketplace lending (otherwise known as peer-to-peer [P2P] business lending) perspective is the mainstream media repeatedly stumbling over the fact that crowdfunded P2P loans are an increasingly important source of finance for business. We offer the tail end of […]
Symbid, a crowdfunding and analysis platform based in Holland, is set to revamp its take on crowdfunding. The platform originally focused on helping entrepreneurs find equity investors for their start-ups. But it seems the editorial remit is changing, to include more than just equity, but also debt funding. “When it comes to funding, one size […]
The Financial Times (subscription required) reports that the Green Party believes that the “the existing banking system has failed and is no longer fit for purpose”. It would retain the UK government stake in Royal Bank of Scotland and Lloyds Banking Group, which were part-nationalised during the financial crisis, and use them to create a […]
Yesterday saw another highly successful and stimulating breakfast debate at Money&Co.’s London offices, as would-be lenders discovered more about the exciting yields on offer for those wanting to lend to business borrowers. The debate ranged over credit analysis, borrower selection, payment methods, safeguards, and regulation. The average return for Money&Co. lenders, after yesterday’s successful close […]