Lending Club continues to open up to Investors in the USA

July 25th, 2015|

Major USA P2P lending provider, Lending Club, has announced that it is now open to investors in the states of Texas and Arizona. P2P lender, Lending Club, is now officially open to retail investors from 30 US states.

“We are delighted to announce the addition of two key states today, which we believe will help drive […]

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 […]

Sage partners with MarketInvoice & Funding Circle to expedite P2P finance!

July 25th, 2015|

Sage, a UK business software and services provider, has announced two significant partnerships within the UK’s fast growing alternative finance industry by unlocking finance for SMEs. Lack of finance remains a critical issue for UK companies, with almost 40 per cent stating it holds them back from growing, according to UK Bond Network.

Integrating with one of […]

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 […]

The UK’s small business owners expect alternative finance demand to surge

June 6th, 2015|

Britain’s alternative finance sector is set to receive an increased amount of attention in the next two years, as 64 per cent of small business owners across the country expect demand to grow.

The most popular form of alternative finance is crowdsourcing, such as crowdfunding and P2P lending.

The findings from lending from Amicus revealed that just eight […]

Bank Referral Legislation to Peer to Peer lending Platforms

May 7th, 2015|

In the UK, with the Small Business, Enterprise and Employment Act receiving Royal Assent in March, it has been estimated that the bank referral legislation encouraging banks to recommend small to medium enterprises to peer to peer lending platforms encompassed in the act could result in £2bn more funding being injected into the SME economy […]

Peer to Peer Currency Exchanges challenge international banks

May 2nd, 2015|

Peer to peer (P2P) Currency Exchange websites provide customers with a cheaper option to transfer their money international because their rates are crowdsourced and only charge a flat commission of approx 0.5% per transaction, in comparison to banks which usually charge up to 5% plus.

The online P2P currency exchange market place, CurrencyFair, estimates that P2P foreign exchange will provide £250bn of […]