ThinCats teams up with Alderburn Finance to fund Scottish marine trainer

THINCATS has sealed a deal with commercial finance broker Alderburn Finance and Stream Marine Training (SMT) to help the latter step up its cost efficiency and growth plans.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises, … Read More

ArchOver partners with SME debt specialist Escalate

ARCHOVER has clinched a partnership with dispute resolution firm Escalate, a move that it said will boost its ability to offer both borrowers and lenders a ramped-up level of security on repayments and debt settlement.

The small-and medium-sized enterprises (SME) … Read More

Assetz Capital adds ex-bank specialist to regional director team

ASSETZ CAPITAL has hired former bank finance specialist Samantha Williamson to boost its team of regional relationship directors.

Williamson will supervise the peer-to-peer lending platform’s activities in the South Manchester region.

She previously worked as business development manager at financial independent … Read More

Growth Street sees strong demand from millennials

ALMOST 40 per cent of Growth Street’s investors are under 35 years old, research from the peer-to-peer lending platform showed.

The firm, which channels funds to small- and medium-sized enterprises, said that 37.5 per cent of its retail lenders are … Read More

Platforms could face conflict of interest from investors

A TREND among platforms to prioritise general business lending over property finance actually underpins a deeper shift and conflict of interest in the industry, a P2P specialist warned.

Ivor Freedman, chief executive and co-founder of F&P, said he expects a … Read More

MarketInvoice seals £45m annual funding from Banco BNI

MARKETINVOICE has clinched a long-term funding deal with Portuguese online bank Banco BNI Europa, as it looks to capitalise on a surge of interest from global institutions.

The Iberian lender has committed to inject £45m into the UK peer-to-peer invoice … Read More

F&P steps up green energy focus by poaching ex-Merrill Lynch director

PEER-TO-PEER funding specialist F&P has hired a green energy consultant to boost its business in that borrower market, ahead of its possible lending platform launch this summer.

The firm, which finds P2P lending partners for small borrowers and advises both … Read More

UK SMEs face funding black hole after 2020

THE UK government must set up a growth fund for the country’s small- and medium-sized enterprises (SMEs) to replace EU support, or it risks putting the sector into a “business support black hole” from 2021, the Federation of Small Businesses (FSB) … Read More

£266bn of late payments hamper UK SMEs’ growth

LATE payments from suppliers totalling £266bn are straining UK small- and medium-sized enterprises (SMEs)’ ability to grow and create up to 3.4 million new jobs, new research suggests.

15 per cent of the SME sector’s average annual turnover is stuck in … Read More

P2P platforms predicted to shift to hybrid models

UK PEER-TO-PEER lending platforms are poised to shift towards hybrid models to stay afloat, a financial services think tank claimed on Monday.

The P2P industry has re-shaped the country’s small corporate funding and investment market, putting pressure on traditional lenders to … Read More