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Peer2Peer Finance News | May 27, 2019

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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

Access all areas

July 23, 2018 |

Mobile technology has made the world more connected than ever before, and small businesses are finding new ways to use it to their advantage, as Virgin Media Business explains…

The demands of running a small business have changed dramatically over … Read More

Funding Circle’s lending unlocked 75,000 jobs last year

June 13, 2018 |

LENDING through Funding Circle unlocked 75,000 jobs in the US and Europe last year, according to new research.

A report from economic forecasters Oxford Economics found that the business peer-to-peer platform lent $2.3bn (£1.7bn) to small- and medium-sized enterprises (SMEs) … Read More

P2P lenders show there’s life outside London

June 4, 2018 |

LONDON might be the financial capital of Europe but the peer-to-peer lending sector is showing that there is life beyond the UK’s biggest city.

P2P lenders headquartered around the UK’s regions are demonstrating impressive growth, while helping create employment in … Read More