While peer-to-peer (P2P) lending in the crowdfunding sector continues to grow strongly, there was some disappointment that last week’s Budget didn’t offer more. Many had hoped that P2P business lending would be approved as a suitable asset class for New Individual Savings Accounts (NISAs). The boost from the tax break (NISas allow more than £15,000 […]
Writer and financial planner David Hill came to a recent drinks reception for lenders and investors at Money&Co. David was inspired to write the following piece, which needs no further comment from us – other than to say, well done, David. The message spreads. “There are three main types of crowdfunding. Firstly, there is when […]
What is crowdfunding? A recent article in the crowdfunding intelligence platform, crowdfundbeat begins by asking this question. Sadly, it fails to provide what we consider an adequate answer. “The term ‘crowdfunding/ might at first sound like a buzzword of fad to steer clear of, but proponents argue it can offer intriguing opportunities to catch a rising […]
Yesterday’s Budget was generally well received. Share prices in the UK did well, especially those of investment and financial services companies, as the Chancellor’s strategy was seen as being savings- and investment-friendly. However, money&Co.’s CEO, Nicola Horlick, feels that “progress with the ISA inclusion has been slow”. The government, at least if it has a […]
There’s a huge amount of speculation across the media today about the contents of George Osborne’s Budget. This, from the Telegraph, is typical: “This year’s Budget is unlikely to be as radical as it was last year, but here are some likely changes: The Chancellor announced in last year’s Budget that peer-to-peer (P2P) lending – […]
“Soulful Food is one of the businesses to have benefited from a peer-to-peer loan from Money&Co.,” writes The Times. Regular readers will know that at Money&Co. we tend to think of ourselves as new kids on the financial block. That’s a reasonable position: tomorrow we’ll be celebrating the anniversary of our formal, St Patrick’s Day […]
Following yesterday’s look at how lenders might examine a loan offering, we take a look at the crowdfunding peer-to-peer (P2P) business lending process from the borrower’s perspective. We have what’s proving to be a very attractive loan offering on the Money&Co. site just now (see detail and also risk warnings, below). Let’s examine the issues […]
Forbes may have some answers to this question. The this week the renowned US business media organisation reported on figures published by the UK’s Federation of Small Business (the FSB): “Around 60 per cent of loan applications by members the last three months were approved by lenders. That compared with just 45 per cent 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 […]
We’re delighted to welcome a new borrower on the Money&Co. site. We can’t make any representations about the business – other than to say that it has passed our strict quality-control process, otherwise known as our in-depth credit analysis. So below we let Ultimate 99 Limited, which has been given a B rating with an […]