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Peer2Peer Finance News | July 23, 2019

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British Business Bank lent over £6.6bn in 2018

July 17, 2019 |

STATE-OWNED British Business Bank has lent over £6.6bn to more than 89,000 businesses in the UK over the past year.

This represents a 27 per cent increase on the £5.2bn which was lent in 2017, the bank confirmed.

More than … Read More

Funding Circle launches European SME fund

July 8, 2019 |

FUNDING Circle has launched its first euro-denominated fund, providing institutional investors with the opportunity to fund German and Dutch small- and medium-sized enterprise (SME) loans.

The publicly-listed peer-to-peer business lender is aiming to raise at least €200m (£179m) for the … Read More

Alternative & Receivables Finance Forum

June 5, 2019 |

Alternative & Receivables Finance Forum

Date: 14 November, 2019

Venue: London

Alternative & Receivables Finance Forum tracks the transformation of receivables and invoice finance; showcasing the most successful new entrants to the market, examining the future of technology-enabled funding models, … Read More

Iwoca slams government’s ‘failing’ bank referral scheme

May 23, 2019 |

THE GOVERNMENT’S bank referral scheme is failing and needs a major overhaul if it is to plug a £10bn small- and medium-sized enterprise (SME) funding gap, says Iwoca.

In an open letter to the Chancellor Philip Hammond, the SME finance … Read More

SME finance platform Swoop sees users embrace Open Banking

January 29, 2019 |

SME finance platform Swoop has integrated with Open Banking for the first time, giving its small business customers the ability to compare and switch current accounts and make cost savings on everyday spending.

The Swoop platform, a re-brand of BizFly, … Read More

Honeycomb buzzing about SME investment opportunities

September 5, 2018 |

THE HONEYCOMB Investment Trust expects to expand its small business exposure after starting the second half of the year with its net asset value (NAV) up 0.63 per cent.

The alternative finance-focused fund revealed in a performance update for July … Read More

Government P2P ‘matchmaking’ scheme helps SMEs secure £15m of funding

August 31, 2018 |

A GOVERNMENT scheme to refer small businesses rejected for bank funding to alternative finance such as peer-to-peer lenders has helped 900 firms secure £15m of funding since launch, new figures reveal.

In just the past 12 months, the Bank Referral … Read More

Rise of the ‘balloon businesses’: SMEs adapt to cope with changing demand

August 29, 2018 |

ALMOST three quarters of small- and medium-sized enterprises (SMEs) in the UK are adopting increasingly flexible business models to deal with fluctuating customer demand, new research has found.

The report from Direct Line Business surveyed 505 SME decision makers, revealing … Read More

How P2P plugged the funding gap for small businesses

August 17, 2018 |

BEFORE the global financial crisis, banks were the lender of choice for Britain’s small businesses, and perhaps the only option they would consider.

Since then, banks have become more risk averse and are pulling back from lending in some parts … Read More

Funding Circle: SMEs would vote ‘Remain’ in second referendum

July 30, 2018 |

THE MAJORITY of the UK’s small businesses would vote to remain in the EU if a second referendum was held today, according to new research from Funding Circle.

More than half (56 per cent) of businesses said that they would … Read More