We often report on news from the other side of the crowdfunding fence. Equity crowdfunding typically focuses on very small or start-up companies seeking to give away a stake in the business in exchange for growth capital. Debt crowdfunding, which is what we do, helps better-established businesses (the average age of our borrowing companies is […]
Regular visitors to this site will know that we are currently going through the process of getting permissions from the Financial Conduct Authority (FCA); such permissions would enable Money&Co. to launch an Innovative Finance Individual Savings Account (IFISA). We were interested to read this piece in The Telegraph; the article is critical of the FCA’s […]
The Telegraph reports analysis from L&G that effectively advocates the use of alternative funding to boost the property market. The article, by personal finance editor Richard Dyson, looks at peer-to-peer (P2P) property-backed lending: “An L&G survey of 1,000 people found 27pc would consider funding house purchases by other people’s children. Of those, 39pc wanted to […]
What do recent events at Lending Club, a leading peer-to-peer (P2P) lender, mean for us in the UK? Money&Co. engages in P2P business lending, putting individuals together with carefully vetted small and medium-sized enterprises (SMEs) to provide good returns for lenders and much-needed funding for borrowers. The financial world is inter-connected, and it’s reasonable to […]
UK banks and mainstream finance in general have been much criticised – and often rightly so – for failing to lend to small businesses. Standard criticisms include a lack of agility, laborious process, and an inability to innovate and assess a business risk on the merits presented by the borrower. The banks have certainly expressed […]
There was lots of good news for crowdfunders and peer-to-peer (P2P) lenders in yesterday’s Budget. Money&Co.’s CEO, Nicola Horlick, has already welcomed the raising of the Individual Savings Account (ISA) limit to £20,000, up from £15,240 – good news for the new Innovative Finance ISA, which will be able to include P2P loans, such as […]
The new year holds much promise for lenders and small businesses borrowing through the medium of crowdfunding. We welcome this enlightened article in the Daily Telegraph, which focuses largely on our friends on the other side of the crowdfunding fence, in equity raises. “Whatever 2016 brings, one thing will remain true: the biggest challenge for […]
Today, in anticipation of the latest new loan offering (coming to this site very soon) we offer excerpts two articles from today’s media output. It is an exercise in comparison and contrast. The Old “Since the September announcement that National Savings & Investments (NS&I) would be dropping its Direct Isa rate to just 1.25pc, few […]
Feeling disruptive? If so, you may be interested in Kyle Caldwell’s article in the Telegraph, which looks at share plays offering investors a way into “disopruptive” sectors. One section features challenger banks and P2P lenders, where fund manager Neil Woodford’s holdings in Atom Bank (a pure online banking play with no “frills” such as branches!) […]
It’s something of an anomaly, but maybe it’s a good one. Journalists are able to say more about lending to companies than the crowdfunding peer-to-peer debt platforms (such as ourselves) are allowed to do. This recent piece in the Telegraph makes a direct comparison between buying shares and making loans to companies that we […]