Today, we bring you a story of the rise of the FinTech robots in Europe. Of course, whether there’s anything to rise over will depend on how we come through the latest crisis, as Covid-19’s second wave and a dark winter draw one. Fingers crossed. Here’s an excerpt from the story reported by Finextra. Deutsche […]
The number of women on the boards of top fintech and peer-to-peer companies has been dubbed “disappointing”, despite improvements made by leading companies to make their boards more diverse, according to research reported by AltFi. Commentators have urged leading fintech and P2P companies to increase their efforts to appoint more female executives and individuals from a BAME […]
We’re pleased to see an attempt to create what the UK government’s trade department hopes will be the digital “go-to destination for people working in the industry to get access to funding, knowledge, and talent”. Our friends at P2P Finance News record the launch of this digital hub. We can only hope this promotes clarity […]
Money&Co. recently launched Money&Co. Portfolio, which allows lenders to lend through a managed ISA, a managed portfolio or a lending vehicle (designed to help mitigate inheritance tax). The ISA and the lending vehicle make use of tax reliefs and so it is particularly important that we make every effort to preserve capital. For these products, […]
Money&Co. completed its first loan in July 2014. Initially, we focused on working capital loans to companies with a debenture over the company’s assets. We are delighted that we have only had one bad debt since we launched the platform. Our experience of lending via a platform has changed our view of what is suitable […]
Our latest offering is an A-rated five-year loan of £100,000 with an 8 per cent yield; it is secured against property, and is currently 89 per cent filled. This yield can be enjoyed tax-free if the loan is held in an Innovative Finance Individual Savings Account. See below for more. Meanwhile, we revisit the benefits […]
Landing on site… The next tranche of the popular Project Seascape. This is a special purpose vehicle, which will be used to fund property development. The management team has extensive experience in the property sector and a strong track record. The team has worked together since 2008, during which time they have completed 80 developments. […]
With new loan offerings landing imminently on site we revisit a recurring theme of our reporting on the peer-to-peer (P2P) business lending scene: the key factors of asset appraisal – security, access and yield. Let’s use these criteria to scrutinise our own P2P loans (average gross yield of over 8 per cent across £11 […]
News reaches the marketplace, via our friends at P2P Finance News, of a peer-to-peer (P2P) loans hitting £9 billion in value. That figure merely accounts for the biggest payers in the P2P sector. Smaller, newer companies such as Money&Co. have facilitated smaller amounts (over £11 million in our case) and growth across the board looks […]
Our recent television and newspaper marketing campaign, promoting a 7 per cent target return Innovative Finance Individual Savings Account (ISA),has proved a great success. Money&Co.’s managed portfolio proved particularly popular. We are one of the very few – if not the only – peer-to-peer (P2P) loan platforms to have fund management permissions from the Financial […]