MONEY&CO is planning to offer a new investment product that will provide loans to songwriters and artists secured on their music rights.
The music loans proposition, to be released in the new year, will offer interest rates of six per cent over LIBOR.
Nicola Horlick, founder of Money&Co said there are already deals in the pipeline and loans will be made in the UK and US.
It comes as Horlick, dubbed ‘City superwoman’ for juggling a successful investment management career and family life, failed in a bid to become MP for Chelsea & Fulham after standing as the Liberal Democrat candidate.
“I stood in the election to try and help stop Brexit,” she told Peer2Peer Finance News.
“That battle has now been lost and so I definitely will not be standing again.
“I will be focusing on Money&Co.
“We are in the process of building our litigation finance business and our music lending business. These are not strictly P2P areas, but can be offered to P2P investors and will be eligible for inclusion in the Innovative Finance ISA.”
Horlick lost out on the seat to Tory incumbent Greg Hands but did at least increase the Liberal Democrats’ share of the vote by 14.9 percentage points, overtaking Labour to take second place.
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