The FinTech sector’s start-ups will need to raise £825m to see out the Covid-19 pandemic, according to KPMG’s new research report. KPMG takes a look at the leeway – the cash safety belt – it believes companies will need in times of low activity. Our friends at P2P Finance News take up the story. The […]
Peer-to-peer lending (P2P) started out by individuals lending to one another, cutting the banks and traditional financial institutions out of the process. There’s still plenty of demand from individuals seeking to get cheap P2P credit to, for example, pay off their credit card debt and substitute that debt for a less expensive P2P loan. At […]
Fund management magazine, AlphaQ, runs a reprise of recently published research from KPMG and platform TWINO. The news paints a picture of a robust industry. “The report shows that the UK still leads the way in alternative finance, with four times higher volumes in aggregate than the rest of Continental Europe. Despite this, the key […]
Today, an opinion piece from KPMG offers this somewhat depressing news: “Lending to small and medium-sized enterprises (SMEs) has never returned to its pre-financial crisis levels. Peter Tuvey, co-founder and managing partner of Fleximize, a UK-based alternative business lender, discusses the bank referral scheme and how alternative finance can benefit SMEs. “Earlier this month, the government’s […]