Call it platform lending, marketplace lending or peer-to-peer (P2P) lending, the loans facilitated in our sector are a new asset class. The novelty of platform lending has contributed to a classic case of the syndrome known as fear of the unknown. There have been some high-profile failures in the sector. The lesson we’ve learned from […]
We are going to offer a comprehensive review of lending in alternative finance over the next few days. This is the first of four instalments. Platforms like ours are relatively new kids on the block in the world of high-yield products. It’s so new the terminology hasn’t settled down. It’s known as platform lending, marketplace […]
Today, we offer a snapshot of the contemporary global struggle between finance and political power. The Bank of England is the latest to react to the perceived threat of Facebook’s attempt to launches own digital currency Libra. Our friends at AltFi report. Facebook’s new cryptocurrency Libra must meet the “highest standards” if it’s to get the […]
Project Rhapsody is now 29 per cent funded. The loan offer has an A risk rating, and provides a fixed-rate return of 8 per cent over five years. From the borrower: “The primary purpose of the loan is to provide working capital to the business so it can continue to collaborate to produce high quality […]
With today’s entirely unsurprising news that a Brexit deal is “essentially impossible” – we were never stupid enough to believe that no deal was a million-to-one shot – we look at preparations on either side of the Irish border. Our own position is clear: we’ll continue to lend to carefully vetted companies with a good […]
Good news for borrowers in the alternative-finance sector. The total cost of short-term unsecured borrowing from alternative lenders for most credit-worthy businesses has fallen below 9.5 per cent since March, according to newly published independent research. Our friends at AltFi take up the story. Funding Xchange, which tracks the lending activity of 40 specialist SME […]
Today we bring news from a different area of alternative finance – the “challenger bank” area, as opposed to our own peer-to-peer (P2P) part of the world. Revolut has produced new figures – as is to be expected from a young business, the new bank reveals more growth, greater losses. AltFi reports. Revenues more than […]
Citywire reports on a major rebranding and the new investment focus of a major mainstream investment company, which is shifting away form personal loans as peer-to-peer (P2P) investments. Regular readers will be aware of Money&Co.’s long-standing commitment to top-quality security in P2P loans. We’ve always insisted on no debt other than our own first charge […]
Peer-to-peer (P2P) lending can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this platform is more than 8 per cent, before we deduct our one per cent charge. That return has handsomely outperformed retail price inflation, which has averaged around two per […]
As the political weather changes day by day, there is some certainty, at least, in the financial-technology sector. It is the future, come what may. The latest research from the government body, Innovate Finance and consultants, EY, indicates strong and rising levels of investment despite Brexit uncertainty. Below is an excerpt of a recent report […]