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Peer2Peer Finance News | July 19, 2018

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SMEs

Crowdstacker launches £800k Seedrs crowdfunding campaign

July 10, 2018 |

CROWDSTACKER is looking to raise £800,000 via Seedrs, which will be its first major external investment into the business.

The business peer-to-peer lender has been running a private fundraise on the equity crowdfunding platform, offering 3.93 per cent of equity, … Read More

LendingCrowd to seek VC funding as lending triples

July 5, 2018 |

LENDINGCROWD is gearing up to secure venture capital funding in the next 12 months after its lending almost tripled in the first half of 2018.

The peer-to-peer lender for small-and-medium-sized enterprises (SMEs) said it lent £14m in the first six … Read More

SMEs suffering from lack of cashflow

July 5, 2018 |

A LACK of cash flow management is stopping small- and medium-sized enterprises (SMEs) from scaling up, American Express claims.

A poll of SMEs by the credit card provider found 46 per cent of senior decision makers feel cash flow struggles … Read More

Small business and consumer lending slows in May

June 29, 2018 |

LENDING to individuals and businesses slowed across the board in May, Bank of England data shows.

Money and credit data from the Bank of England, released on Friday, revealed that annual growth in consumer credit slowed again in May following … Read More

Ireland’s Linked Finance secures £44m funding from BNI Europa

June 21, 2018 |

IRISH peer-to-peer lender Linked Finance has secured €50m (£44m) in funding from Banco BNI Europa, the Portugal-based challenger bank.

BNI Europa will deploy the funds over two years to lend to Irish small- and medium-sized enterprises (SMEs).

The agreement aims … Read More

SMEs missing out on savings returns

June 4, 2018 |

THE MAJORITY of UK small- and medium-sized enterprises (SMEs) are failing to generate any return on their business savings, according to new research.

A survey conducted for challenger bank Aldermore found that 62 per cent of SMEs, equivalent to three … Read More

University business hub launches fintech start-up programme

May 17, 2018 |

BUSINESS incubator SETsquared has launched a new programme for fintech start-ups to access the knowledge and resources of five universities backing the hub.

The scale-up programme is supported by Bath, Bristol, Exeter, Southampton and Surrey universities and offers mentoring, access … Read More

A new P2P invoice finance platform has launched

May 9, 2018 |

A NEW peer-to-peer invoice finance platform has launched, offering cash advances of up to 85 per cent of the value of an unpaid bill.

MatchPlace, which calls itself a “financial services platform for small and medium businesses”, launched MatchPlace IF … Read More

Sancus launches enhanced protection on supply chain finance

April 3, 2018 |

SANCUS Finance is offering funders an enhanced protection product to cover losses from invested funds.

The peer-to-peer platform, which provides invoice financing and supply chain finance, currently takes the first 10 per cent of a loss on funding and separately … Read More

Consumer credit growth continues to slow

March 1, 2018 |

CONSUMER credit growth slowed at the start of the year driven by a fall in the amount borrowed for personal loans, Bank of England data shows.

The January data reveals consumer credit lending grew 9.3 per cent annually in January, … Read More