Over £70,000 has been traded on Ablrate’s new loan exchange
Over £70,000 has been traded on Ablrate’s new blockchain-backed secondary market since it launched four days ago. The new exchange, called ASMX, is a sister company to Ablrate. It replaced Ablrate’s previous secondary market last week, in order to boost liquidity for investors. The asset-backed peer-to-peer lending platform is inviting its users to give feedback […]
Lenders are returning to non-Covid finance
Lending activity unrelated to the Covid-19 pandemic is beginning to rise again, Funding Xchange claims. The business finance aggregator’s latest small- and medium-sized enterprise (SME) Lending Monitor said almost 90 per cent of loan offers on its platform in the three months to October were not for bounce back loan (BBL) and coronavirus business interruption […]
Innovate Finance boss urges government to use fintechs more in loan schemes
The Treasury “missed a trick” by not using fintech firms more for coronavirus emergency lending schemes but has an opportunity to utilise them in subsequent initiatives, Innovate Finance’s chief executive has said. Speaking at the LendIt Fintech Europe conference, Charlotte Croswell (pictured) suggested banks could look to partner with fintech firms to get funds to […]
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