Posts Tagged: alternative development lending

The Year So Far – Use of Credit is Down in 2018 but AltFi Growth Continues

Back in January of this year, merchant bank, Close Brothers published a survey suggesting that just over a quarter of UK SMEs felt they were not being served by their high street banks. In particular, the survey identified a perception that traditional banks lacked the specialist knowledge required to effectively support their small business customers.…

Read More

The Changing Face of Customer Service

Challenger Banks and AltFi Platforms are Changing the Face of Customer Service   We’ve all become accustomed to “always-on” customer service;it’s hard to imagine a world in which you couldn’t order a television from Amazon, swap money between bank accounts or update insurance details at any time of the night or day. And if we…

Read More

Growing Appetite for Equity Finance Amongst UK SMEs

Pound coin stacks – Growing Appetite for Equity Finance Amongst UK SMEs

A new report from Albion Ventures has found that UK SMEs are becoming increasingly attracted to long-term equity finance. In 2013, just 12% of small and medium-sized businesses in the country were willing to give up equity in exchange for financial support. But, according to the latest figures, that figure has now grown to 44%,…

Read More

FCA Seeks to Toughen Lending Rules in P2P Market

§ – FCA Seeks to Toughen Lending Rules in P2P Market

The UK’s Financial Conduct Authority (FCA) is proposing tougher rules on transparency and disclosure for P2P lending platforms, following a six-month review into the burgeoning industry. In July, the FCA made the announcement that it would be probing the multi-billion-pound alternative finance industry for the second time in two years, amid concerns that investors were…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More