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Peer2Peer Finance News | June 20, 2018

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Greg Carter

Most North West SMEs unaware of alternative funding options

June 6, 2018 |

ALMOST three quarters of small- and medium-sized enterprises (SMEs) in the North West lack of awareness of alternative finance providers, according to new research.

Furthermore, 75 per cent of those businesses have never looked beyond their bank for funding, according to … Read More

Growth Street aims to boost Midlands SMEs with Birmingham launch

May 17, 2018 |

GROWTH Street has appointed a business development director for the Midlands as it officially launched its lending services in the region this week.

The peer-to-peer business lender has named Richard Steele as business development manager for the Midlands as part … Read More

Growth Street gains FCA approval as it ups borrowing limits

April 24, 2018 |

PEER-TO-PEER business lender Growth Street has been granted full authorisation from the Financial Conduct Authority (FCA).

The London-based platform launched in 2015 and had been operating as an appointed representative of Resolution Compliance but is now its own regulated entity.

Read More

Growth Street: London’s SMEs lead awareness of alternative finance

April 9, 2018 |

LONDON’S small- and medium-sized enterprises (SMEs) have better knowledge of alternative finance options available for exporting than businesses in other parts of the UK, according to Growth Street.

The peer-to-peer business lender surveyed over 1,000 SMEs across the country about … Read More

New ringfencing rules will create ‘two-tier’ protection for P2P cash

March 16, 2018 |

NEW ringfencing regulations in the banking sector look set to create a two tier system of protection for peer-to-peer investors’ money before it is lent out.

P2P platforms can handle lender funds either by setting up separate client money accounts … Read More

Growth Street: SMEs let down by lack of export guidance

February 28, 2018 |

BRITAIN’S small- and-medium-sized enterprises (SMEs) are being let down by a lack of guidance on how to start exporting, Growth Street has claimed.

The peer-to-peer business lender said that the lack of information could potentially block any post-Brexit ambitions despite … Read More

Growth Street pledges funds for growing Welsh SMEs

February 1, 2018 |

PEER-TO-PEER business lender Growth Street has pledged to inject £20m into Welsh businesses over the next 12 months.

The platform is targeting key sectors of the UK such as manufacturing, wholesale and professional services as well as regions where it … Read More

Getting down to business

January 15, 2018 |

Business lending is now the largest segment of peer-to-peer finance in the UK, but fierce competition for good-quality borrowers means the platforms have their work cut out. Peer2Peer Finance News delves into the industry’s plans to stay ahead of the … Read More

Digital evolution

December 11, 2017 |

Technology is at the very core of peer-to-peer lending, but is the industry in danger of losing its competitive edge?

PEER-TO-PEER lending has blossomed off the back of innovative technology and is now providing a viable alternative to mainstream financial … Read More

Growth Street hits £100m of lending and reports £22m profit boost for borrowers

November 2, 2017 |

PEER-TO-PEER business lender Growth Street has reached the £100m lending milestone and plans to lend the same amount over the next 12 months.

The platform, which offers a flexible finance product called Growthline that lets companies access capital when they … Read More