AltFi reports good news on a FinTech outfit which has been – and continues to be, despite this item – surrounded by less than flattering rumours. Below is an excerpt from AltFi’s report (published yesterday) and a share price chart – of purely indicative nature, Googled today – showing a positive market reaction to the […]
Regular readers will be aware that we monitor the progress – or otherwise – of major players in our own direct-lending sub-sector of FinTech. We offer the following extended excerpt of a news report from our friends at AltFi without further comment. Samir Desai, CEO and founder of listed lender Funding Circle, has purchased over 163,000 shares in the […]
You hear it often nowadays: these are extraordinary times. Perhaps one of the most surprising aspects of the vast, unfolding financial crisis is the lift given to shares in Funding Circle. After an IPO that many saw as unusual, not least for the ability of some close to the company to cash in early. Add […]
Here’s some of the fallout from the IPO of platform lender, Funding Circle, as reported by our friends at AltFi. US asset management giant T. Rowe Price has built at 7 per cent stake in Funding Circle following an all-time low for the marketplace lender’s share price. Rowe Price, which is also a very significant […]
January is a time of looking both backwards and forwards. We’re keeping our powder largely dry on the positive aspects of 2020 for Money&Co. – new loan tranches, the incursion into banking – and indulge in a further moment of retrospection. Our view on the problems created for the platform lending sector by investment bankers […]
Funding Circle, the biggest player in the UK P2P sector, has announced more bad news, which has been badly received by the market. Its shares are 73 per cent off from the IPO price at the time of writing. The news has caused some to question the validity of the entire peer-to-peer (P2P) business model. […]
We see that a major player in the peer-to-peer industry appears to be moving further away rom individual investors in favour of institutions. We excerpt a news report below. Our comment on this is twofold. First, we remain committed to keeping the crowd in crowdfunding (see earlier articles). Second, all this is fine, if Funding […]
Our friends at AltFi report on moves at Funding Circle, after a “third significant fall” in the share price of the UK’s biggest peer-to-peer (p2P) lender since its recent IPO. We have nothing to add to our comments on the IPO made before the offering became public. “Peer-to-peer lender Funding Circle has announced the appointment of Goldman […]
If the jury has decided to book itself onto a coach trip, is it still out? We recommended suspension of judgment on the pricing of Funding Circle’s shares before it hit the public markets a month ago. The shares are now trading around 370p, after a 440 float a month ago. Analysts certainly seemed to […]
Followers of our peer-to-peer (P2P) lending sector of the alternative finance market may well know that the biggest P2P player, Funding Circle, has announced that it will list its shares on the London Stock Exchange’s main market. Cornerstone investment will come from Danish billionaire Anders Povlsen, who has pledged to buy at last 10 percent […]