Industry News

75% Of Credit Analysts Say P2P Poses Threat To Banks

According to the world’s leading credit experts, alternative lending is here to stay with 75% saying that P2P lenders are a threat to the dominance of big banks. A recent survey of 200 global delegates from 40 countries attending the University of Edinburgh’s Business School’s Credit Risk and Credit Scoring conference, revealed that three quarters…

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Alternative Business Finance Hits £4.2 Billion

Amounts lent in the alternative business finance sector in the UK and Ireland have reached an all time high of £4.2 billion, according to the latest report from the Asset Based Finance Association (ABFA). The figures represent a 9% increase over the £3.8 billion total one year ago. This puts the sector well on track…

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Big Hike In Number Of Authorised P2P Lenders

As the appetite for non-bank funding continues to increase, so too does the amount of P2P lending platforms that are emerging to meet it. That’s according to figures from the Financial Conduct Authority (FCA), which reveal that even more competitive pressure is being piled upon the banks, as over 100 businesses have now applied for…

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P2P Lending Rates: Nicer Than Nisas’

Despite poor rates, savers have piled a record £61 billion into cash Isas in the last tax year. The hike was to be expected, of course, following Chancellor George Osborne’s effective trebling of the annual cash Isa allowance from £5,940 to £15,240 in the summer of 2014. However, the many people who have plunged their…

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Independence: The Key Driver For The Self-Employed

A new study by PeoplePerHour, a UK-based company that provides an online platform for freelancers to advertise for work, has revealed that the key driver for the self-employed is the desire for autonomy. The study found that more than a fifth (21.7%) of survey respondents who were self-employed cited the ‘desire for independence’ as the…

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SMEs Increasingly Using Pensions To Fund Growth

Pension-led funding (PLF) is being used by an increasing amount of SMEs for the purposes of financing growth and expansion. According to a recent report by Nesta and Cambridge University, £25 million of funding was secured by SMEs using PLF last year. The average amount raised via the pension-led funding route was just over £70,000,…

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Less Than 1% Of SMEs Accessing Invoice Finance

The problem of unlocking cash flow throughout the supply chain is well-documented. The culture of late payments in B2B operations is a serious hindrance to many businesses, and has a crucial impact on commerce around the globe. Recent research from Lovetts, as we have previously reported, reveals that “late payers are being allowed 20 more…

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Advantage Murray: Britain’s No.1 Tennis Star Invests In Crowdfunding

Andy Murray, Britain’s number one tennis ace, currently ranked second in the world after defeating Novak Djokovic in the Rogers Cup on Sunday, has recently expanded his horizons off the court, having made three major investments on Seedrs – a London-based crowdfunding platform. Murray is not new to the business and investment world, already owning…

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Investors Predict AltFI Lending To Grow 23% By 2017

It wasn’t long ago that we were reporting that nearly two-thirds of SMEs are expecting to see the demand for alternative finance options to soar over the next 24 months. But further research by Amicus Finance Plc shows that investors are expecting the same. Whilst we saw 60% of SMEs expecting alternative lending demand to…

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Bye Bye Banks? They Don’t Think So…

As previously reported, awareness of alternative finance is still somewhat of a sticking point amongst SMEs. With 42% unaware of the options that are available, and only 9% actually approaching an AltFi platform for funding, it is an ongoing challenge for the sector to try and permeate the mainstream and earn its place on the…

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