Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Optimized-shutterstock_1224776323
November 13 2018

Funding Circle US: Consumers will eschew Amazon to support small firms

Kathryn Gaw Global News, News Bernardo Martinez, Funding Circle US

FUNDING Circle US has found that the majority of US consumers still make the effort to shop at independent small businesses and would be willing to pay more for the same item than it costs at e-commerce giant Amazon.

The peer-to-peer business lender, which recently floated on the London Stock Exchange, published the results of a survey on US consumers’ support for small businesses.

It found that 77 per cent of 2,171 US adults surveyed said they were willing to pay more for items at small businesses in order to keep money within their communities and support local jobs.

Read more: Funding Circle US partners with Kansas’s Intrust Bank

60 per cent of respondents said they would pay a 10 per cent premium or more on Amazon prices.

When asked what would encourage them to shop at small businesses more, consumers cited more convenience (51 per cent), better selection (38 per cent) and a better shopping experience (31 per cent) as major factors.

Read more: Funding Circle US secures $100m funding

“It’s great to see that consumers still see value in supporting small businesses who can provide things that no e-commerce giant can ever match, like immediate convenience and deep ties to the local community,” said Bernardo Martinez, US managing director at Funding Circle.

Funding Circle has lent out $7.8bn (£6bn) to 56,000 businesses across the UK, the US, Germany and the Netherlands to date.

Downing extends bond size after prospectus rule change Zopa: Parents borrowing from children’s piggy banks

Related Posts

magnifier

Industry News, News, Top 3

Trade association calls for more FCA scrutiny

FOLK2FOLK - Roy Warren MD - head crop (col)

Industry News, News, Top 3

Folk2Folk eyes £100m from institutions as it expands nationally

the acronym fca for Financial Conduct Authority concept represented by wooden letter tiles

Industry News, News, Top 3

FCA to publish initial supervisory work on consumer credit guidance

Popular posts:

  • Chancellor unveils recovery loan scheme
  • Budget outlines plans for £15bn of green bonds in 2021
  • FCA warns The House Crowd investors against using…
  • Government to launch replacement future fund scheme
  • BBB sets out further details on recovery loan scheme
  • Cyan Finance launches IFISA to help investors go green
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by