alternative finance
LendingUP! 2019
February 18, 2019 | StaffLendingUP! 2019
Dates: 7-8 March 2019
Location: Prague
LendingUP! is an international, pan-European meeting platform created with the aim of forging a community of experts obsessed with one passion: bringing innovation to the consumer and SME lending space. This … Read More
Ranger warns of $13.5m hit from Princeton as it appoints new manager
February 12, 2019 | Hannah SmithRANGER Direct Lending (RDL) has revealed it expects to write off nearly half its investment in a fund run by bankrupt Princeton Alternative Funding, as it appoints a new investment manager and director.
RDL, which is in the process of … Read More
Ranger Direct raises £30m in refinancing as part of fund closure
January 14, 2019 | Marc ShoffmanRANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.
In connection with this process, the International MCA Platform has refinanced and paid … Read More
Leeds SMEs embrace alternative lending
January 7, 2019 | Marc ShoffmanLEEDS has been named as the number one location when it comes to firms seeking alternative finance.
Analysis of credit reference agency data as well as figures from the British Business Bank by peer-to-peer lender ThinCats, found that Leeds-based businesses … Read More
Write-offs and legal disputes hit Ranger returns
December 17, 2018 | Marc ShoffmanRANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.
The alternative finance-focused fund, which is in the process of being wound up, … Read More
Victory Park Capital fund’s chair steps down for health reasons
December 14, 2018 | Suzie NeuwirthTHE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.
A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More
Ranger Direct Lending makes cash offer to close ZDP share class
November 29, 2018 | Marc ShoffmanRANGER Direct Lending (RDL) has made a cash offer to holders of its zero dividend preference (ZDP) share class as part of the wind down of the beleaguered investment trust.
The alternative finance-focused fund – which has been buying back … Read More
P2P business lending breaks £2bn milestone in 2017
November 23, 2018 | Suzie NeuwirthPEER-TO-PEER business lending volumes soared by two thirds year-on-year to surpass £2bn in 2017, according to new research.
The fifth annual UK Alternative Finance Industry Report, compiled by the Cambridge Centre for Alternative Finance (CCAF), found that transaction volumes across … Read More
Bank of England: Fintech ‘boosting UK’s financial resilience’
October 1, 2018 | Emily PerrymanTHE EMERGENCE of alternative finance and the growth of fintech have boosted the UK financial system’s resilience, according to the Bank of England’s deputy governor for markets and banking.
Speaking at the Society of Professional Economists’ annual conference on Friday, … Read More
Food producers see longer payment delays due to supermarket price war
September 24, 2018 | Marc ShoffmanSUPERMARKET price wars are leaving food producers suffering with longer payment delays, Funding Options claims.
Analysis by the UK’s top food producers by business finance aggregator Funding Options found firms in the sector are waiting 45 days to be paid … Read More