Funding Xchange partners with Experian on new SME funding solution

FUNDING Xchange has partnered with Experian on a new software tool that will help the credit agency’s small business customers find appropriate funding solutions.

The small business funding platform will be integrated with Experian’s My Business Profile, a business credit … Read More

Five podcasts for P2P lending enthusiasts

PODCASTS have become one of the nation’s favourite sources of information and entertainment. According to Ofcom, almost six million Brits tune into a podcast every week – double the number of five years ago. And a few finance podcasts have … Read More

Fairer funding

Katrin Herrling co-founded Funding Xchange in order to help small businesses access the myriad of finance options available to them. She talks to Andrew Saunders about her own experience with bank funding, the importance of tech and what the future … Read More

Lenders slam rise in SME funding aggregators

RAPID growth in the number of small- and medium-sized enterprise (SME) funding aggregator platforms has been met with scepticism by peer-to-peer lenders, who argue they are a tiny source of business and add an unnecessary extra layer of fees.

The … Read More

3pc of SMEs obtained finance under bank referral scheme

LESS than three per cent of small businesses referred to alternative lenders via the bank referral scheme have obtained finance, according to the first-ever statistics on the initiative released by the Treasury.

230 small- and medium-sized enterprises (SMEs) have collectively … Read More

Industry split on bank referral scheme ahead of Treasury announcement

THE TREASURY is expected to release its first public figures on the bank referral scheme in the coming weeks, with the commercial finance sector divided on the initiative’s success.

The government-backed scheme launched last November to much fanfare, mandating nine … Read More

The SME’s guide to P2P

Obtaining the best finance suited to your needs can be challenging for small- and medium-sized enterprises (SMEs). Peer2Peer Finance News delves into the potential pitfalls and opportunities, and looks at where peer-to-peer finance can help…

Where to begin when looking for … Read More

Banks bite back

High street banks are investing in innovative technologies and developing peer-to-peer “hybrid” models, as competition with the sector heats up

TRADITIONAL lenders are ramping up investment in new technology, amid intensifying competition from P2P platforms, say industry insiders.

“The … Read More

Government referral scheme faces competition from NatWest

THE THREE aggregator platforms chosen for the government’s bank referral scheme will have competition in sourcing alternative finance for small businesses, as NatWest’s own referral initiative enters its full launch phase.

The high street lender, which is owned by … Read More

New referral scheme gives P2P lenders access to more borrowers

PEER-TO-PEER finance platforms will have access to thousands more businesses seeking loans, thanks to a new bank referral scheme that launches today.

Under the government initiative, nine of the UK’s biggest banks will pass on the details of small businesses … Read More