Posts Tagged: alternative lenders

Private Credit – Why it is on the rise for UK Businesses

Since 2012, The Route – Finance’s Private Debt Platform has raised £132m in funds committed by investors. That’s an impressive figure in itself, but it is also part of a much bigger picture that has been developing in the wake of the 2008 crisis. Since then, private investors have been increasingly willing to fund small-…

Read More

Fintech’s Success Story – The Secret is Better Service

Financial technology – more colloquially referred to as Fintech – has become one of the hottest corners of the UK’s startup universe.   Evidence of the sector’s strength is provided, at least in part, by the growing interest of investors. In 2017, British tech startups attracted £2.99bn in equity investment, according to figures published by…

Read More

P2P Players Prepare for a Busy 2018

Peer-to-peer lenders are preparing for another year of record levels of funding for SMEs (Small and medium-sized enterprises) in 2018. January has seen a profusion of announcements from lenders about new products, platforms and some lenders are revamping their brand in a bid to become the go-to lender for SMEs seeking loans as competition in…

Read More

Open Banking Set to Boost Fintech

New Open Banking rules are set to boost the UK’s fintech sector.From January 13, 2018 new rules come into force meaning that all of Britain’s banks will be required to make customer account data available to approved rivals.   If Open Banking proves a success, it could mean a wider range of financial services for…

Read More

More Businesses Are Turning To Alternative Finance

New research from payments provider Worldpay, shows that more small businesses are turning to alternative finance options, including peer-to-peer lending, to support their growth plans.   Almost 40 per cent of business owners claim the growth in alternative finance has made them less reliant on traditional sources of finance for funding, however, the number of…

Read More

Loan Rejections Cost SMEs £4bn Per Year

The British Business Bank (BBB) says businesses are being prevented from reaching their full potential because of the big bank’s continued refusal to fund small businesses. The high street banks favour lending to larger businesses with a track record of profitability.   Thousands of small businesses are refused loans and the BBB estimates the figure…

Read More

The Explosive Growth of Private Credit to Continue

  Private credit is now a globally established source of mainstream finance and according to a new report, Financing the Economy, is set to reach more than $1 trillion in market size by 2020.   The report is the latest study of the alternative credit  – or private debt as it is also known –…

Read More