The march of the cryptocurrency world continues. Digital wealth manager Moneybox is best known for an app that encourages individuals to save in a broad spread of investments via their mobile phones. Our friends at Altfi bring news of an expansion of the offering to include cryptos: [Moneybox] has raised £35m from asset management giant Fidelity in […]
Funding Circle is the oldest and biggest player in the peer-to-peer (P2P) market. It recently announced its intention to float on the UK stock market and raise £300 million by selling shares in the company. Funding Circle has facilitated loans of more than £5 billion to over 50,000 small businesses. The initial public offering (IPO) […]
The UK’s financial watchdog, the Financial Conduct Authority, has published a review of the crowdfunding industry and concluded that tighter regulation was needed for peer-to-peer (P2P) lending. Having read the latest materials, we heartily agree. The FCA states [it has] “observed the variety of loan-based crowdfunding business models, some of which have become increasingly complex. […]
Forgive us if this sounds like algebra, but the investment business is taking an interest in the funding business. Yesterday, we brought you a report on the lamentable lack of knowledge and understanding of alternative funding. The small businesses that companies like Money&Co. want to find funding for seem to stop the search for capital […]
Our crowdfunding sub-sector, known as peer-to-peer (P2P) business lending, is coming of age. Institutions of all sorts are flocking to provide investment in P2P platforms such as Money&Co.’s. They are also enthusiastic about providing liquidity. Harriet Green of CityA.M., interviews one such market participant in today’s news offering: “GLI Finance is one of several […]
Ryan Weeks, editor of Alt Fi, reprises the excellent news in yesterday’s Budget, with its creation of the Innovative Finance ISA (IFISA). “[The IFISA] has been created to accommodate peer-to-peer loans. The naming decision in particular comes as something of a shock. Whilst a third ISA type felt inevitable, those in the know were reasonably […]
The markets greeted David Cameron’s unexpected victory in the General Election with great enthusiasm. The prospect of an SNP/Labour coalition, which would have been likely if England hadn’t turned blue, was an appalling thought for the City. Now we are faced with another dose of austerity and George Osborne will do well to meet the […]
The Discovering The Power Of The Crowd conference line-up certainly underscored its stellar status in the world of alternative finance with the addition to the speakers’ list of Goncalo de Vasconcelos, the co-founder of crowdfunding equity platform, Syndicate Room. As well as leading his award-winning business, Goncalo is a former academic and a respected contributor to […]
Show them the money! Investors are victims of the banks’ Great Savings Robbery Recent reports in the media and on this site that half a million savers at Royal Bank of Scotland and NatWest will see their interest rates cut by the end of the year as part of what banks are describing as a […]
Money&Co. lenders have been getting much more of this for their investment Lenders to the companies borrowing on Money&Co.’s crowdfunding platform have received an average gross return of more than eight per cent, reports Money&Co. CEO, Nicola Horlick in her latest blog. “We are looking for companies with strong balance sheets and upward momentum in […]