Please call to discuss with a member of the team 0203 141 9040
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,…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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,…
Read More
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…
Read More
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…
Read More