At Money&Co., we’re very young players in a crowdfunding industry that isn’t exactly a veteran itself. We’ve been operating for under two years as a business, and actively facilitating loans for fourteen months. The business of putting our lenders together with businesses that need capital for growth is very satisfying. Our latest loans have several […]
Money&Co. has had an excellent 2015 so far, with around £2 million in loans facilitated from six successfully completed loan auctions. The last of the completed auctions closed this week. Olsen Doors & Windows raised £250,000 for its B-rated loan at a gross rate of 10.4 per cent. Two loans are currently open on site, […]
A new survey from the Peer to Peer Finance Association (P2PFA) indicates that consumers “overwhelmingly” believe that peer-to-peer (P2P) lending should be separated from traditional cash or stocks and shares New Individual Savings Accounts (NISAs) – also commonly referred to as ISAs. Over 4,500 individual lenders were polled regarding their preferences. The data also revealed that […]
Nicola Horlick, Money&Co.’s CEO, pictured above at a recent event to explain the P2P business lending model, says of a recent piece in the Guardian that she couldn’t have put it better herself: “Peer-to-peer websites, which cut out the banks by putting people with money to lend in touch with those wanting to borrow, have been […]
Disappointing news descends from the nebulous, opaque world of Westminster. At Money&Co. we have taken part in the consultation process regarding peer-to-peer (P2P) loans and New Independent Savings Accounts (NISas). We have argued hard for the early inclusion of P2P loans in NISAs. The latest news, as reported by Judith Evans in the Financial Times […]
P2PFA says FCA must find the right regulatory track “Crowdfunding is a way businesses, organisations and individuals can raise money. Generally, it involves a number of people pooling money through a website, often called a platform.” The words we quote here on Money&Co.’s crowdfunding platform are those of the Financial Conduct Authority (FCA). As we […]
Stephen Maher of MBA leads a crack team of creative digital expertise We’re very pleased to announce the appointment of a new digital marketing agency to provide further impetus to Money&Co.’s strong start since launch in late April. We’ve already facilitated over £2.65 million in loans since we began operating, and the pipeline of offerings […]
You’re a borrower? They’re talking to you… John Authers argues in the Financial Times (subscription required) that the long-lasting victim of the banking crisis of 2008 could be the banks themselves: “At a retail level, there is the growth in “crowdfunding” or peer-to-peer services. “Spurred by public distrust for conventional banks, and aided by ever stronger […]
New move can only help Money&Co. welcomes the Peer2Peer Finance Association’s (P2PFA) new initiative, whereby all crowdfunding platforms must report their bad debts and defaults in a consistent and comparable style. The guiding principle is “to help consumers compare between platforms and strengthen standards of industry disclosure”, according to a P2PFA statement. As one […]