Industry News

Late Payments Culture Posing Serious Threat to UK SMEs

PAID – Late Payments Culture Posing Serious Threat to UK SMEs

The UK’s late payments culture is posing a serious threat to the survival of small and medium-sized enterprises (SMEs). Over one third (34%) of SME owners have highlighted late paying clients as a major difficulty, according to research from Close Brothers Invoice Finance. Of these, 65% said that the main area of concern was with…

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UK Equity Crowdfunding Market Experiencing Slowdown

People holding hands around pound sign – UK Equity Crowdfunding Market Experiencing Slowdown

The UK equity crowdfunding market is looking set to end 2016 with full-year new equity issuance amounting to roughly £130 million, indicating a slowdown in momentum for the first time. The figures come from an AltFi Data report, and refer to the six major players in the UK equity crowdfunding space – Crowdcube, Seedrs, Syndicate…

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UK Largest European User of Asset Based Finance

£20 notes – UK Largest European User of Asset Based Finance

New data from the Asset Based Finance Association (ABFA) reveals that the UK is the largest user of asset based finance of all European countries. The total value of UK businesses supported by asset based finance reached a record high of £355 billion in 2015, up 7.4% from £312 billion in 2014. The research also…

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FinTech Investments Pulled Following Brexit

EU flag cube – FinTech Investments Pulled Following Brexit

Investors have pulled or postponed funding from 30 UK FinTech startups since the country voted to leave the European Union in June, leaving them struggling in a cash flow crisis. Venture capital funding has fallen by more than a quarter in the year to September, according to Lawrence Wintermeyer, head of the UK’s main FinTech…

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Investor Confidence in Private Debt Market Strong Despite Brexit

pound coin stack – Investor Confidence in Private Debt Market Strong Despite Brexit

New research by fund services group Elian has revealed that institutional investor confidence in direct lending remains high despite uncertainty surrounding Brexit. It’s been a shaky five months for private debt markets since the UK voted to leave the EU. But, in spite of this, nearly three quarters (73%) of institutional investors who took part…

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88% of Equity Crowdfunded Firms Still Trading, Report Reveals

Open sign – 88% of Equity Crowdfunded Firms Still Trading, Report Reveals

Alternative finance research firm AltFi has released the second instalment of the “Where Are They Now?” report – an annual evaluation of crowdfunded companies – in which a strong performance is revealed across the sector. The report reviewed data from 751 companies that had made 955 capital raises across the top crowdfunding platforms in the…

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“Advice Gap” Emerges as SMEs Struggle to Secure Finance

£20 notes – “Advice Gap” Emerges as SMEs Struggle to Secure Finance

New research from Close Brothers Group has revealed that less than one fifth (19%) of UK small business owners feel that the financial advice they receive from their banks meets their needs. The report, which took into account the responses from more than 1,000 SME owners about the changing needs they face as their businesses…

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UK FinTech Growth Facing EU Barriers Following Brexit Vote

Eu Parliament – UK FinTech Growth Facing EU Barriers Following Brexit Vote

Briatin’s vote to leave the European Union has begun to place barriers in the way of continued growth for the UK FinTech sector, according to officials. At a time when the EU is revising its rules that govern how FinTech firms present information to potential investors, the UK is finding it increasingly difficult to make its…

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London to Host International FinTech Conference

St Paul's Cathedral – London to Host International FinTech Conference

The Economic Secretary has unveiled plans for London to host a new international FinTech conference in April 2017. London has recently been confirmed as Europe’s FinTech hotbed in an EY report, published in March this year. The report highlighted the UK’s strong ecosystem that held to support the burgeoning FinTech sector in the country, noting…

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