Why the future of fintech (and financial services) is collaborative

September 27th, 2015|

The UK is fast becoming one of the world’s leading fintech centres. So it was fitting that, last week, investors, consultants, multinationals, startups and entrepreneurs gathered in London’s East End for FinTech Week 2015: an event where attendees could share ideas, network and, most importantly, do business together.

The expo focused on how to address the […]

Zopa doubles revenue in peer-to-peer boom

September 20th, 2015|

The P2P lender is making heavy losses as it hires more staff, but hopes to turn profitable in 2017.

Peer-to-peer lender Zopa saw its revenues double last year as more savers and borrowers used its platform – but its losses also doubled as the business hired more staff to prepare for its planned future growth.

Revenues jumped […]

Rebuildingsociety, UK P2P lender, offers one business a GBP 25k GBP loan interest free

July 29th, 2015|

UK p2p lending marketplace Rebuildingsociety currently offers a promotion where one business will receive 25,000 GBP of their loan interest free. Loan applications received until 31 August 2015 will enter into the promotion.

Daniel Rajkumar, CEO of Rebuildingsociety.com, said: ‘Companies seeking loans now have peer-to-peer platforms as a mainstream alternative to the banks and I’m delighted […]

How Will a Interest Rate Rise Impact the UK P2P Lending Space?

July 26th, 2015|

Britain has been warned: the first rate rise since the financial crisis is coming.

Governor of the Bank of England Mark Carney confirmed last week that the long window of 0.5% borrowing costs is coming to a close. Mr. Carney stated that the base rate cost of borrowing is likely to climb to just over 2%. […]

Welcome to ‘the biggest change in banking for 400 years’

July 26th, 2015|

According to Liberum, P2P lending in the UK will grow at 98% year-on-year in 2015, with £3.5bn presently lent out. Worldwide in 2015, it’s estimated that $77bn will be lent via P2P platforms – $60bn China, $12bn USA and $5bn UK. Morgan Stanley’s Huw Steenis says: “While marketplace lending is still 1% of unsecured […]

Peer to Peer Lending – The pro’s and con’s | FT Business

July 25th, 2015|

Emma Dunkley, FT retail banking correspondent, examines the risks and benefits of alternative peer-to-peer lending platforms, which use technology to match lenders to borrowers directly in an easier and more efficient way than traditional banking.

Peer-to-peer lending on BBC’s Your Money

July 25th, 2015|

BBC Your Money – Brings us some insights into businesses who have greatly benefited by Peer to Peer Lending.

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 […]

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 […]