Industry News

Funding Circle Replaces  Downloadable Loanbook With Quarterly Report

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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Private Debt Investors Increasingly Drawn To Special Situations Deals

Private debt investors are increasingly targeting higher risk deals, according to research published by alternative asset market intelligence provider Preqin.   In its latest quarterly Private Debt Market Update, Preqin estimates that there are more than 3,200 active private debt investors globally, and within that community the appetite for exposure to deals involving distressed debt…

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MarketInvoice Joins RBS/NatWest’s Alternative Finance Marketplace

Invoice trading platform MarketInvoice has joined the Royal Bank of Scotland/NatWest Capital Connections panel, joining a group of alternative finance providers that also includes Peer to Peer Lender, Funding Circle and Assetz Capital. The Capital Connections Panel was set up by the High Street banking group to help businesses that were unable to attract traditional…

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Crowdcube Launches Regional Funding Drive  

Equity crowdfunding platform Crowdcube has teamed up with industry partners in an initiative to increase the flow of investment to startups and growth businesses in the United Kingdom’s regions. Announcing the plan on March 29, Crowdcube set itself an ambitious target of doubling investment via the platform to the regions within five years. To deliver…

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Banks Face an Uber Moment, says Citigroup Report

Every industry has its Uber moment – the point when a new wave of technology-led challengers begin to change the game. And according to financial services giant Citibank, that moment has arrived for the banking industry in Europe and North America. In a new report entitled Digital Disruption – Citigroup puts traditional banks on notice…

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Blockchain Driven Investment Platform Launches in the UK

Following a record year for Initial Coin Offerings (ICOs) in 2017, two UK-based entrepreneurs have launched a new blockchain-powered platform aimed at opening up Venture Capital opportunities to a broad community of investors.   The brainchild of Baroness Michelle Mone and private equity industry Veteran Doug Barrowman, the Equi platform enables investors to back fast-growth…

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MarketInvoice To Provide Credit Insurance Amid Brexit Uncertainty

Invoice trading platform, MarketInvoice has announced a partnership with specialist insurer Euler Hermes aimed at protecting its business customers from the negative impact of bad debt.   Founded in 2010, MarketInvoice is a platform-based lender that is best known for its invoice finance solution. Backed by a community of investors, the platform allows businesses to…

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Bank of England Backtracks on Digital Currency

The UK’s central Bank has dropped any plans to launch its own digital currency but has said it will continue to research the proposition. The decision to ditch a digital currency in the short-term is thought to be anchored by concerns about the impact of such a currency on the global financial system.   The…

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