Here are extracts of today’s Financial Times coverage (registration required) of Money&Co.’s ground-breaking £1 million loan. The FT styles the Mecmesin deal a P2P deal, though we think of it as peer-to-business (P2B). “Small investors have lent £1m to a manufacturing business in what is thought to be the largest single peer-to-peer loan to an established […]
If banks aren’t an option, peer-to-peer investment (which Money&Co. believes should really be termed person-to-business, or P2B, lending or investment) could offer an attractive avenue for would-be entrepreneurs looking to bring a new idea to market, says a Guardian blogger. The Guardian blogger argues that widespread job cuts and stricter banking terms have driven aspiring […]
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 […]
Businesswoman Samantha Acton, proprietor of the Southbourne-based Domestic Angels network, has certainly got the alternative-finance message. Ms Acton, speaking to the award-winning local newspaper, The Daily Echo, criticises what she styles “the obsession” with getting banks to lend to small businesses again. “A good entrepreneur will seek and secure investment from alternative sources as the […]
The hedge fund industry is coming to the world of crowdfunding. As we noted earlier, Marshall Wace, which reportedly has more than $15 billion under its control, is targeting institutions with a £200 million investment fund. A recent report by Reuters indicates that the hedge fund manager’s plans would “bring peer-to-peer (P2P) lending, hitherto at the fringes of […]
A funding gap of £4.3 billion is holding back small and medium-sized businesses (SMEs) and preventing economic growth, according to new research released today by Money&Co., the cutting edge person-to-business (P2B) crowdfunding business. The findings show the severe challenges SMEs face when trying to access finance. The study, conducted by research agency Populus on behalf […]
Britain is set to overtake the United States as the world leader in crowdfunding, according to Money&Co. CEO, Nicola Horlick. Speaking at a crowdfunding event organised by the NESTA charity (National Endowment for Science Technology and the Arts), the Money&Co. chief executive said: “I think we will become a world leader, partly because we are […]
Jacob was having an “early mid-life crisis” when a drink of coconut water on an Asian beach set him on the path to founding Cocofina. For Jacob, that drink spoke of his home (Kerala in India, whence he hails, means “land of coconuts”, he says). Now, Cocofina has a diverse product range of coconut-based drinks […]
The high-street banks may not want to lend, but they may be forced to point would-be borrowers in the direction of other potential sources of finance. This week sees the beginning of a governmental review process, whereby banks may be required to make companies aware of alternative sources of finance, including crowdfunding, reports the Telegraph. […]
“Crowdfunding and Person-To-Business financing (P2B) are relatively new parts of the finance industry – or at least their popularity is relatively new,” says Money&Co. CEO, Nicola Horlick. Money&Co. notes with interest how quickly that popularity is increasing. A recent report by Reuters indicates that “a British hedge fund plans to bring peer-to-peer (P2P) lending, hitherto at […]