We were recently contacted by top trade media outlet, P2P Finance News, regarding security checks and anti-money-laundering provisions. The enquiry came as a result of concerns expressed by UK regulators about alternative-finance lending and banking. Fortunately (we are vigilant, and have top-quality systems in place) we have been free from trouble at Money&Co. We reproduce […]
The insulating effects of our niche lending policies – avoiding the rollercoaster credit ride of the general economy – are becoming clear. Our friends at P2P Finance News report: Peer-to-peer lending chiefs are predicting a rise in defaults for unsecured loans this year but not for asset-backed facilities. The Bank of England’s latest credit conditions […]
Many an eyebrow was raised at the timing of this week’s tiny rise in base rates. Our friends at leading trade publication, P2P Finance News, called to ask our reaction. We excerpt the lead of the story below. Peer-to-peer lending platforms have claimed that the Bank of England’s base rate increase to 0.25 per cent […]
There’s good news about what promises to be a very string new financial year ahead. We were recently called for an update by leading trade publication, P2P Finance News. The report is set out below. Money&Co. made a loss of approximately £200,000 in the year ending 31 March 2021, but the platform’s chief executive Nicola […]
Following yesterday’s News item on Zopa’s withdrawal from the peer-to-peer lending market, Money&Co.’s founder and CDEO, Nicola Horlick, features in a round-up pf reactions, published by our friends at P2P Finance News. After 16 years, Zopa is exiting the peer-to-peer lending space, leaving an enormous gap in the market and raising questions about the future of consumer […]
Today’s news-gathering brings tidings of tales that vary from measured prudence to something from across the Pond that looks rather like irrational exuberance. P2P Finance News reports: The Financial Conduct Authority’s (FCA) new chief executive Nikhil Rathi has said that the regulator will be focusing on the risks involved with higher-return investments, as he […]
Perhaps the least surprising news report of the last few weeks comes to us from our friends at P2P Finance News. The word is that “UK peer-to-peer lenders are unlikely to embark on stock market flotations in the near future”. The industry analysts P2PFN has been talking to are surely right. The catastrophic performance of […]
These are momentous times. And, political tumult notwithstanding, financially and mentally difficult ones for many. Our friends at P2P Finance News adduce two separate pieces of research which have concluded that people aged 18 to 24 have been most affected by the coronavirus pandemic. According to a poll by credit reference agency Credit Kudos, 37 […]
Our friends at P2P Finance News recently came calling. We are happy to run their short news report: Money&Co is looking to expand its lending into TV and film rights as well as other areas of legal finance such as divorce. The peer-to-peer business lender has already pivoted into the niche areas of music loans and […]
“Despite economic uncertainty, angel investors are continuing to invest in early-stage businesses and are optimistic about the future, the British Business Bank has found.” Is this a realistic appraisal or something akin to the jingoistic drivel (eyes, shut, fingers in ears – it’s all fine) we’re being fed on the political front? Our friends at […]