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Peer2Peer Finance News | July 23, 2019

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SME News

Assetz launches legal panel to support borrowers in Scotland

July 23, 2019 |

ASSETZ Capital has launched its first legal panel, to help its Scottish borrowers choose a solicitor more easily.

The peer-to-peer lender has secured partnerships with six law firms in Scotland, who it said will provide a more efficient and cost-effective … Read More

Funding Xchange partners with Experian on new SME funding solution

July 23, 2019 |

FUNDING Xchange has partnered with Experian on a new software tool that will help the credit agency’s small business customers find appropriate funding solutions.

The small business funding platform will be integrated with Experian’s My Business Profile, a business credit … Read More

SMEs avoiding further finance amid Brexit uncertainty

July 19, 2019 |

A FIFTH of small- and medium-sized enterprises (SMEs) have put plans to seek finance on hold due to Brexit uncertainty.

Research by alternative lender Nucleus Commercial Finance found concern over Brexit was the main reason for holding back, while one … Read More

Three quarters of SMEs fear chasing late payments

July 12, 2019 |

MOST small- and medium-sized enterprises (SMEs) are afraid to take action against a late payment, despite unpaid invoices posing a “significant” issue for their business.

According to a new white paper from the Small Business Commissioner, Paul Uppal, and business … Read More

MarketInvoice: SMEs favour invoice finance over business loans for growth

June 24, 2019 |

ONLY one in 10 small- and medium-sized enterprises (SMEs) would use a traditional business loan to grow their firm, research claims.

A poll of 1,000 business owners by MarketInvoice found invoice and asset based finance were the most popular funding … Read More

Bank of England backs data platform to boost SME financing

June 21, 2019 |

THE BANK of England said it will consult on developing a data platform that will store financial information from small- and medium-sized enterprises (SMEs) and help them access funding.

Bank of England Governor Mark Carney said the traditional metrics for … Read More

SMEs finding it harder to access finance

June 20, 2019 |

ALMOST a third of UK small- and medium-sized enterprises (SMEs) have found it harder to access finance over the past 12 months, new research has found.

Purbeck Insurance Services commissioned a Censuswide Survey of 500 owners and directors of UK … Read More

SME analytics firm CreditEnable wins place in financial inclusion competition

June 17, 2019 |

CREDITENABLE, an analytics solution for small- and medium-sized enterprise (SME) lenders and borrowers, has won a place in the Visa-backed Inclusive Fintech 50 competition.

The firm, which has offices in London and Mumbai, provides global analytics tools that enable lenders … Read More

Funding Options wins £5m grant to help SMEs find funding

June 14, 2019 |

BUSINESS finance marketplace Funding Options has been awarded a £5m grant from the Capability and Innovation Fund to help broaden and encourage wider choice of finance for small- and medium-sized enterprises (SMEs) across the UK.

Underserved local communities will be … Read More

UK SMEs won a record £6.7bn in equity finance last year

June 14, 2019 |

SMALL- and medium-sized enterprises (SMEs) attracted £6.7bn in equity investments last year – the highest amount ever recorded. This represents a five per cent year-on-year increase.

According to the British Business Bank’s annual Small Business Equity Tracker report, the UK … Read More