UKCFA chair offers wisdom in 140 characters or less The news is undoubtedly good for our latest loan auction offering. At the time of writing, our manufacturing borrower has raised over 70 per cent of its £540,000 target, with nearly £100,000 raised in the last working day. But let’s take a step back. One of […]
The Financial Times reports that London is emerging as the world leader for crowdfunding with more campaigns being run out of the UK capital than cities in the US – where the method of financing new ventures was born. The claim is being made by the Crowdfunding Centre, a research group, which has for the […]
Banking competition inquiry is coming The debate continues, following the recent announcement by the Competition and Markets Authority (CMA) to recommend a full competition inquiry into banks. The CMA undertook its preliminary report in collaboration with the Financial Conduct Authority (FCA). The two agencies said the barriers to entry and expansion for newer and smaller […]
Equity deals – especially start-ups – concern the FCA Financial trade press outlet Money Marketing reports that the Financial Conduct Authority is “concerned potential investors do not fully understand the risks of crowdfunding”. Money&Co. shares that concern. When you lend money, your capital – despite the rigorous credit analysis to which all our borrowing companies […]
BCC criticises a system that’s not getting money to business The British Chambers of Commerce (BCC), a business lobby group, this week said the recovery was “moving forward” but warned that “repairing our broken business finance system” was “a top priority”, according to a report from the BBC. “These results reinforce the case against the […]
The recently announced failure of a crowdfunding site, YES-secure, offers food for thought for all connected with the industry – individual lenders and investors, borrower businesses, regulators, and the crowdfunding platforms. The early indications are that lenders will not lose their money as a result of the YES-secure platform failure. Some might say this is […]
Make sure their houses are in order A crowdfunding platform has failed – providing a lesson for would-be investors, crowdfund platofrms, regulators, and all in the industry. The first, and most obvious point is the simplest: just because a platform calls it self “secure’, that may not really be the case. “YES-secure is the most […]
Financial publisher MoneyWeek has just published its research into crowdfunding. Its report is unremittingly positive. This echoes our view that crowdfunding is the way forward for both lender and borrower. But readers are reminded that, exciting as P2B investment is, there are always risks for lenders – even after our rigorous credit analysis. MoneyWeek editorial […]