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British Business Investment has announced a new initiative aimed at improving the flow of ‘angel’ funding to small and medium sized businesses in the UK’s regions. Research carried out by the organisation – a subsidiary of the British Business Bank – has revealed significant regional imbalances in the availability of angel funding. According to the…
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Nearly 40% of UK small and medium sized businesses think that it might be difficult to obtain credit and just under a third (31%) see trade finance, or the maintenance of a healthy credit balance as an alternative to taking out a loan or overdraft, according to the latest BDRC-BVA SME Finance Monitor report, covering…
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Peer to Peer lender, Funding Circle has confirmed plans to list on the London Stock exchange in a flotation that it hopes will raise £300m. The flotation plans were announced at the beginning of September, along with a registration document containing a detailed breakdown of Funding Circle’s current position in the P2P lending market,…
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The second quarter of 2018 saw a rise in UK businesses borrowing against non debtor book assets but there was a drop in lending against invoices. According to figures published by trade body UK Finance, lending against assets came in at £4.3bn over the quarter, representing a rise of 5.6% when compared to the…
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Barclays has announced plans to partner with MarketInvoice, in a move that will also see the banking giant taking a minority stake in the online business lender. Established in 2011, MarketInvoice offers a variation on the invoice discounting theme by enabling businesses to borrow against their debtor books via an online platform connecting them…
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The Financial Conduct Authority has published proposals aimed at providing a greater degree of protection for investors who lend to individuals and businesses through Peer to Peer (P2P) platforms. To date the FCA has taken a ‘softly, softly’ approach to the regulation of marketplace lending, taking the view there was a need to encourage…
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UK innovation agency NESTA has named twelve companies that will go on to take part in the final stages of a competition designed to encourage fintech companies to develop Open Banking– based services for SMEs. Known as the Open Up challenge, the competition has been running since last year. In the latest leg, the…
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Challenger banks are raising record amounts of capital, according to research findings published by Fintech Global. As the consultancy points out in its latest report – focused on the first three months of 2018 – challenger banks have been proliferating over the last few years, not just in the UK and Europe but around the…
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Peer-to-Peer lending platform Funding Circle has announced that retail investors will no longer have access to a downloadable loanbook. Instead – in a switch to quarterly reporting – data on loans will be made available through a new statistics page, which will be updated every three months. Signalling the change via its corporate blog, Funding…
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Millennials – loosely defined as those who came of age around the turn of the century – are widely seen as the principal early adopters of finance and bank apps, but according to data published by by Robo.cash, they are among Europe’s most enthusiastic investors via Peer to Peer lending sites. Until relatively recently,…
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