The Financial Conduct Authority (FCA) says in a report on the cash savings market, published today, that the cash savings market is “not working well”. At Money&Co., we consider that a massive understatement. And we are not alone: “Millions of savers are getting a raw deal, particularly from the big High Street banks, the Financial […]
There really can be too much of a good thing – even if the thing in question isn’t particularly good. Today, we look at a new, government-backed savings product, and examine its merits compared to the risks and rewards of investing in the crowdfunded peer-to-peer (P2P) business loans offered by Money&Co. The National Savings & […]
We’re delighted to announce the completion of another loan on the Money&Co. platform. Benefiting from the second loan to complete this week, London-based S.M. Devine Contractors Ltd had a C+ credit rating. The loan produced a gross yield of over 14 per cent for Money&Co. lenders, and the borrower benefited from an efficient capital-raising process. […]
If you want the bigger picture, an idea of the prime mover behind the Money&Co. business, check out this interview with Money&Co. CEO, Nicola Horlick, on the London Live television station. Only at the end does the interview touch on the mechanics of Money&Co.’s peer-to-peer business lending (see Home and Lend pages for the latest […]
Exciting news for ARP Enforcement Services. The fast-expanding Yorkshire-based debt-recovery company, headed up by Tony Pycroft (above), has raised 100 per cent of the £70,000 it’s looking to raise. “The business is growing rapidly and this loan is to ensure the business can cope with the growth and to further expand,” says Pycroft. To see […]
Crowdfunding is a serious business. But it’s not taken quite so seriously as it might be – or as it will be. That’s the essence of a fine piece of commentary by David Prosser in The Independent. The crowdfunding market and the language used to describe it has evolved rapidly, even in the eight months […]
Happy New Year! The first quarter of each calendar year is usually the busiest for financial services businesses. The approach of the end of the tax year tends to focus investors’ minds on their investments and the returns that they have received over the previous year. One thing is for certain: no-one will have been […]
The Mail on Sunday takes a close look at the peer-to-peer (P2P) lending sector today. The reporter quizzed one of our lenders (student, Naomi, who features on site). We set out her findings below: “Typical P2P investors are in their 40s or older, but 19-year-old student Naomi Pyburn says it makes perfect sense for young […]
The rip-roaring start to 2015 just got even better. And we have to say – cliche notwithstanding – that we’re over the moon about it. Money&Co. has seen a surge of interest from lenders – and we’re delighted to say that we have some truly exciting borrowing companies to match the liquidity. The pipeline of […]
We’re pleased to bring you a long-overdue interview with Money&Co. CEO, Nicola Horlick. Filmed by An Inspirational Journey back in the summer, just after our record-breaking (“landmark” – according to the Financial Times) £1 million deal, the interview touches on Nicola’s personal and business lives. The interview is well worth watching in its entirety. Money&Co. […]