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Peer2Peer Finance News | May 24, 2018

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SME News

Young entrepreneurs leading scale-up growth

May 21, 2018 |

YOUNG entrepreneurs are taking the lead as the number of scale-up businesses in the UK continues to grow, according to new research.

The number of start-up businesses that are successfully scaling up increased by 12 per cent in 2016, according … Read More

University business hub launches fintech start-up programme

May 17, 2018 |

BUSINESS incubator SETsquared has launched a new programme for fintech start-ups to access the knowledge and resources of five universities backing the hub.

The scale-up programme is supported by Bath, Bristol, Exeter, Southampton and Surrey universities and offers mentoring, access … Read More

Tech too costly for almost half of UK SMEs

May 16, 2018 |

THE UK’s small- and medium-sized enterprises (SME) could find their growth prospects hampered by an inability to adopt the latest technologies, according to new research.

The study conducted by the 2018 International Business Festival showed that 45 per cent of … Read More

Small firms facing credit squeeze

May 10, 2018 |

SMALL UK firms are struggling to access new finance with credit approvals at their lowest level in over two years, according to new research.

The survey from the Federation of Small Businesses (FSB) showed that only 60 per cent of … Read More

ThinCats continues trend for larger deals with £3m loan to food chain

May 8, 2018 |

THINCATS has originated one of its largest loans this year to healthy food chain Abokado, as the peer-to-peer lender looks to scale up its lending with larger deals.

The platform, which originates loans for small- and medium-sized enterprises (SMEs), has … Read More

Small businesses still suffering from late payments

April 25, 2018 |

OVER half of the invoices issued by the UK’s small businesses were paid late last year, according to new research.

Accounting software provider Xero, who compiled the data, found that these delays caused 53.6 per cent of small businesses to … Read More

A quarter of UK SMEs planning to go global for growth

April 11, 2018 |

ALMOST a quarter of the UK’s small- and medium-sized enterprises (SMEs) are looking at international trade in order to fuel growth this year, according to new research.

Distribution company CitySprint surveyed over 1,000 decision makers and owners at UK SMEs and … Read More

MarketInvoice joins NatWest’s SME finance panel

April 11, 2018 |

MARKETINVOICE is the latest alternative lender to join NatWest’s small- and medium-sized enterprise (SME) finance marketplace.

The business finance company joins peer-to-peer lenders Funding Circle and Assetz Capital on Capital Connections, as well as working capital provider iwoca and five … Read More

Former IoD boss to lead SME complaints review

March 29, 2018 |

FORMER Institute of Directors boss Simon Walker (pictured) has been named as independent chair of the finance and banking industry’s review into how small business complaints against lenders are resolved.

Commissioned by trade body UK Finance, the independent review will … Read More

New business finance marketplace to launch in May

March 28, 2018 |

CHALLENGER bank TSB has partnered with business finance aggregator Funding Options to create a new business lending marketplace.

The new platform, which launches in May, will enable small business borrowers to compare financing options from TSB and other lenders.

Funding … Read More