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Peer2Peer Finance News | August 17, 2019

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Growth Street

Growth Street sees lack of alternative finance awareness in Wales

April 23, 2019 |

GROWTH Street has warned that Welsh small- and medium-sized enterprises (SMEs) are limiting their finance options.

A poll by the peer-to-peer business lender has revealed that only 27 per cent of Welsh businesses have considered a source of business finance other … Read More

Growth Street expands Midlands presence with new hire

April 18, 2019 |

PEER-TO-PEER lender Growth Street has hired a new business development manager for the West Midlands as it continues its UK-wide expansion.

Business finance expert Guy Jones has joined the firm’s Northern sales team, which is headed by Michael Ellis.

Jones … Read More

Growth Street reveals details of IFISA ahead of launch

April 17, 2019 |

GROWTH Street has revealed details of its Innovative Finance ISA (IFISA) ahead of its imminent launch.

The peer-to-peer business lender said that its tax wrapper will offer a fixed rate of 5.8 per cent with a one-year term.

It will … Read More

SME alternative finance knowledge on the rise

April 15, 2019 |

INCREASING numbers of UK small- and medium-sized enterprises (SMEs) are aware of alternative finance options but peer-to-peer lender Growth Street is warning of a knowledge gap in the Midlands.

The latest annual survey of 2,000 small firms by the business … Read More

Platforms call for time extension to Open Banking consents

April 10, 2019 |

PEER-TO-PEER lenders are calling for a change to Open Banking rules to make it easier to access borrowers’ financial data for the duration of a loan term.

Under the current framework of the data-sharing initiative, borrowers can grant alternative lenders … Read More

Manchester’s small businesses turn to alternative finance

April 8, 2019 |

MANCHESTER-BASED small businesses are more likely to turn to alternative finance providers for funding compared with firms elsewhere in the country, new research has found.

A survey of 222 businesses in the North West by peer-to-peer lender Growth Street revealed … Read More

Small business awareness of alternative finance options is on the rise

April 1, 2019 |

INCREASING numbers of businesses are looking beyond their bank for finance.

An annual poll of 2,000 directors of small- and medium-sized enterprises (SMEs) by peer-to-peer business lender Growth Street found the proportion of firms that have considered non-bank finance has … Read More

Growth Street prepares for second-quarter IFISA launch

March 7, 2019 |

GROWTH Street is planning on launching its Innovative Finance ISA (IFISA) in the second quarter of this year.

It will be too late for this ISA season but Greg Carter (pictured), chief executive of the peer-to-peer business lender, said the … Read More

Growth Street calls for more SME support amid Brexit pessimism

January 31, 2019 |

PEER-TO-PEER business lending platform Growth Street has called on the government to offer more support for small- and medium-sized enterprises (SMEs), after a new survey found that business optimism is waning due to Brexit fears.

In the latest quarterly CBI … Read More

Growth Street secures £7.5m of financial backing

January 23, 2019 |

GROWTH Street has received £7.5m of financial backing to scale up the peer-to-peer business lending platform.

The funding round was led by investment trust Merian Chrysalis and backed by Deutsche Bank’s former co-head of corporate banking and securities Rob Rankin … Read More