UK P2P lending sector achieves another record quarter in Q2 2015

July 25th, 2015|

The UK’s P2P lending sector has achieved another record quarter in Q2 2015, lending over GBP 500m to consumers & businesses for the first time in its history. In total, the eight largest UK P2P lending platforms originated £507.4m worth of loans over the three months to the end of June, according to the P2PFA, with cumulative lending for the industry now over GBP 3.1bn.
The […]

Goldman Sachs thinks “startup” & plans to offer consumer loans online!

July 25th, 2015|

The 146 year old investment bank, Goldman Sachs, is to launch an online lending platform next year. This is a major milestone within the P2P industry since it marks the first major bank to enter the market. The New York Times posted a lengthy article about Goldman’s plans to launch its online lending platform and compete with top USA based platforms Lending […]

Why Do Banks Reject Business Loans?

June 6th, 2015|

Why do businesses get turned down when they apply for finance? What can they do to change no into yes? And are there alternative finance routes for businesses that are rejected by the banks?

61% of small business owners looking for loans from high street banks have their applications rejected – that’s one finding of research from […]

BANKS and building societies have condemned a bank deposits tax plan as a burden on ordinary Australians and retirees.

May 2nd, 2015|

TREASURER Joe Hockey is pressing ahead with a proposal for a 0.05 per cent levy on deposits of up to $250,000, even though he criticised the former Labor government when it floated the idea ahead of the last election.
A bank deposits insurance levy is likely to be unveiled in the May budget as part of […]

Alternative Finance to become a £36 billion industry in the UK within 10 years

May 1st, 2015|

By 2016, the peer-to-peer market will be worth £5 billion in the UK and £ 36 billion within a decade, according to one research firm (Research and Markets). Globally, UK based platforms are leading the charge around the globe by setting up subsidiaries or joint ventures, or buying local platforms.  Over the next decade the peer-to-peer […]

Alternative Finance has grown 144% in 2014 to €2.9 billion in Europe

July 31st, 2012|

The first ever European Union benchmark report of alternative finance market was recently published in 2015, which shows that alternative finance market within Europe has grown a staggering 144% in 2014 to €2.9 billon. €201m was raised in 2014 for early-stage/crowd funding provided to European start-ups through alternative finance platforms. Within Europe, the United Kingdom […]