Today we bring news of expansion of our FinTech sector across Europe – all of this ahead of new loan offerings landing shortly on site, as previously highlighted here. Our friends at Altfi report: SMEs across Europe hungry for cash have a new digital bank to turn to in the form of Fibr, which launches […]
Another side-effect of Covid-19? There’s no point in speculating as to the reasons, the facts themselves are interesting enough. UK small- and medium-sized enterprises (SMEs) are hungrier than ever for unsecured credit. Money&Co. has strict criteria for lending, and requires security before agreeing to facilitate a loan. Our friends at Crowdfundinsider report: The iwoca SME Expert Index […]
Another day, another mainstream-FinTech partnership aimed at small- and medium-sized enterprise (SME) customers. Our friends at AltFi report the latest: Business banking provider Tide has joined forces with SME accounting firm Crunch in its latest partnership. The new collaboration will allow Crunch users to easily set up a business banking account with Tide and enhance the two firms’ financial […]
The snippets of news keep coming through. With the sunlit uplands officially scheduled for the end of the first quarter next year, the fallout from a super-hurried set of measures to shore up SMEs is beginning to make itself felt. Crowdfundinsider reports: HM Treasury has stated that it’s ultimately the responsibility of lenders, and not […]
As we look forward to a business world settling down in a post-Covid world (with a mixture of hope as well as enthusiasm) we thought we’d offer a refresher on how to lend. We cover new loans (to come) and buying other lenders’ loans in the secondary market. How do you go about lending and […]
To paraphrase a well-known song: nobody said it would be easy, but nobody said it would be this hard. No-one’s faulting the effort going into to reviving a crisis-hit economy – but planning and execution? That’s different. AltFi reports the latest on the Bounce Back Loan Scheme (BBLS). We run an excerpt from the full […]
The Coronavirus Business Interruption Loan Scheme (CBILS) has had a fair to middling start, at best. P2P Finance News reports a tale of a digital bank and a lending platform hitching up together to attempt to drive it forward. Our friends at P2P Finance News carry the tale : Funding Circle has announced that digital […]
Money&Co. chief Nicola Horlick has warned of a tough year for the peer-to-peer lending sector, as the Bank of England predicts the deepest recession on record due to the pandemic. Our friends at P2P Finance News carry the story: City superwoman Horlick told Peer2Peer Finance News that she was pessimistic about the year ahead for […]
We’ve been reporting regularly on the Coronavirus Business Interruption Loan Scheme (CBILS). We see CBILS as a great idea whose execution is, at best, uneven. Our friends at P2P Finance News run a piece on the Coronavirus lending initiative, leading with a quote from Money&Co. CEO, Nicola Horlick. See an excerpt from the article below. […]
The oscillations of the world’s equity markets are a good indicator of instability and uncertainty in the underlying economies. While we appreciate that this is hardly news, that instability may have an effect on the ability of small- and medium-sized companies to service funding debt of the kind facilitated on platforms like Money&Co.’s. For the […]