As the UK heads towards the European Union exit door, a number of government initiatives to facilitate trade appear. Without a high-level trade deal – the one that was supposed to be “oven-ready” would be just fine – one wonders how useful these initiatives will prove to be. The Fintech Times reports the latest: Department […]
Today we carry two reports of the potentially damaging impact of Brexit on the alternative-finance sector. In something of a volte-face the Berlin-based digital-only bank N26 says it will leave the UK and its 200,000 customers owing to the UK’s own decision to leave the European Union at the end of 2020, reports AltFi. Regardless of the reasoning, the move […]
Our friends at P2P Finance News report on a matter we’ve been leaving to others, for obvious reasons: Money&Co.’s CEO Nicola Horlick’s political career, and her failure to be elected as an MP in last week’s General Election. Politics may be in turmoil, but it’s very much a steady state here. Horlick did at least […]
As the country goes to the voting booths, the continuation of platform lending here is one of the few certainties. We’ll continue to bring individuals seeking a good return on capital together with carefully vetted small businesses seeking funds for growth. Platform lending can be a lucrative activity. The average yield achieved by our registered […]
The trade financial press last week reported this company’s application for a banking licence. Amid all the uncertainty surrounding Brexit as the application is pending, this is a good opportunity to underscore our continuing commitment to lending to high-quality, small companies. Our mission is to help carefully vetted small and medium-sized enterprises (SMEs) find capital […]
Recruiter reports that the ‘Brexit effect’ is kicking in, according to the Enterprise Investment Scheme Association (EISA), the trade body for the Enterprise Investment Scheme. The effect is not good… Data from the Office of National Statistics (ONS) shows that, in volume terms, business investment was estimated to have fallen by 0.4% to £49.2bn between […]
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 […]
The FT looks at tough times. As reported here consistently, regulation, Brexit uncertainty and all manner of nonsense mean that no-one has it easy just now. “But what about the retail investors? Those with money trapped inside the stricken Woodford Equity Income fund may well fesel misled. But the industry will assert that no investment […]
Following yesterday’s news of a Financial Conduct Authority (FCA) helpline for the peer-to-peer (P2P) sector, come reports that the FCA is concerned about the sectors lack of preparedness for a hard Brexit amongst SMEs. Our friends at AltFi take the story forward. Financial firms not prepared appropriately for a no-deal Brexit may risk an impact […]
The Financial Conduct Authority (FCA), a fine organisation but not necessarily one that’s first with the news, has launched a dedicated helpline for businesses. We let our friends at P2P Finance News tell the bulk of the tale. The City watchdog, which oversees the peer-to-peer lending market as well as the rest of the financial […]