Coming to the US stockmarket – but a flotation is all about opinions on share valuation, not lending At Money&Co. we’re understandably interested in the progress of our American cousins in the US loan-based crowdfunding market. The US market is regulated differently, has a different emphasis (in essence it’s more business-orientated, while in the […]
The banks are raking in deposits despite low yields – and not lending the money back out Lending by major UK banks to non-financial businesses tumbled by nearly a further £1 billion in July. This figure, calculated on a net basis, which takes into account repayments, is produced by the British Banking Association, and reported […]
Strong balance sheets? Profits? Come to us It is always gratifying when a forecast is achieved. When we launched Money&Co. at the end of April, we predicted that the average gross yield on our loans would be 8 per cent. Since then, eight auctions have closed and the average gross yield achieved has been 8.2 […]
Whatever it is is the banks are doing, lending doesn’t top the list The banks fail UK small and medium-sized companies yet again. According to the Bank of England’s latest update on the Funding For Lending scheme, net lending to SMEs fell by £35 million in the second quarter of the year (April to June). […]
The borrower’s CEO, Deon Paul Newbronner – a successful pitch, indeed We are delighted to announce another successful loan auction on the Money&Co. platform. Perfect Pitch Club put its offering on site in the second week of July. The company has already received 100 per cent of its requirement in bids – but the offer […]
The banking system is broken, and it does need fixing Money&Co. CEO Nicola Horlick lambasts the UK banks in her latest blog – to be published in full tomorrow, with an excerpt in the Metro newspaper. Here’s a sneak, exclusive snippet from the full text. After pointing out that lending to small and medium-sized enterprises […]
Vasconcelos: fast growth in equity funding Money&Co. recently hosted a dinner for leading figures in the crowdfunding industry in Cambridge. Gonçalo de Vasconcelos was one of several compelling diners that night, and we are delighted to note that Gonçalo’s equity-funding platform is one of the fastest-growing in the UK, according to Tania Ziegler of crowdfunding […]
The banks are still failing to produce the goods for UK business, according to a report in City AM: “Lending to businesses is rising sluggishly while the latest mortgage lending figures showed yesterday that the new regulatory efforts are helping to cool the growth of credit for housing. “Figures from the British Bankers’ Association (BBA) […]
Britain is set to overtake the United States as the world leader in crowdfunding, according to Money&Co. CEO, Nicola Horlick. Speaking at a crowdfunding event organised by the NESTA charity (National Endowment for Science Technology and the Arts), the Money&Co. chief executive said: “I think we will become a world leader, partly because we are […]
SME Finance Monitor BDRC Continental has recently published a survey that highlights the growing number of alternative funding providers. Crowdfunding is cited as a prime example of this phenomenon. The Telegraph reports that small- and medium-sized companies (SMEs) are turning to alternative providers of finance. The news organisation’s enterprise editor, Rebecca Burn-Callander says that SMEs […]