Tagged: funding circle

Seven UK Crowdfunding Power Players Team Up On New Web Portal, Outreach Initiative


Seven of the UK’s largest crowdfunding platforms have teamed up to launch alternativebusinessfunding.co.uk, a new web portal aimed at providing SMEs with “a free and easy way for SMEs to find alternative business funding.” Crowdcube, Seedrs, Zopa, Funding Circle, MarketInvoice, Platform Black and Pensionledfunding.com are all part of the initiative. We are focused on making… Read More

Lend Academy’s Peter Renton To Launch Managed Fund For P2P Loans

Lend Academy

Peter Renton has been informing the world about the peer-to-peer lending space for some time now. Lend Academy is a great source of deep information on P2P lending and stalwart platforms like Lending Club and Prosper. Renton is now taking his place in the space to the next level. He’s looking to raise $28 million to launch… Read More

Individual Savings Accounts May Soon Include P2P Assets


Individual Savings Accounts (ISA) are a financial product available to residents of the United Kingdom.  These types of vehicles are used to supplement retirement incomes (somewhat similar to US 401k’s).  Apparently in a meeting held this week between Peer-toPeer (P2P) lenders, ISA industry participants and the UK Treasury each constituency is looking to move forward… Read More

UK “Alt Finance” Industry has Surpassed £1 Billion According to Report

10£ Queen Elizabeth British Pounds

In a report filed earlier this week from the Liberum AltFi Index, the crowdfunding industry including both debt and equity, has surpassed the £1 billion “milestone”.  The alternative finance sector categorized as P2P,  equity crowdfunding and invoice lending was quoted at £,028,340,769 as of December 31, 2013.  An, Analyst for Liberum Capital  Cormac Leech, said… Read More

BRIEF: FundingCircle Loans £12.5 Million To UK Small Businesses In October

Funding Circle UK

Lending-based platform Funding Circle recently shared a breakdown of statistics from October. Among revelations in the post: £12.5 million loaned to UK businesses last month alone. Over £3 million was lent to businesses across the UK last week, contributing to a total of £12.5 million for the whole of October. New businesses looking for funding… Read More

Funding Circle Grabs $37 Million in Series C Funding Led by Accel Partners

Funding Circle Co-founders

Over 57,000 UK citizens have joined Funding Circle with over £165 Million lent to British businesses.  Now the Peer-to-Peer platform is getting bigger and they have received $37 Million in a Series C round led by Accel Patners.  Additional investors included Union Square Ventures, Index Ventures and Ribbit Capital.  The company has raised $58 Million… Read More

UK Based eMoneyUnion CEO Lee Birkett Speaks with Crowdfunding Podcast on Peer to Peer Lending


Based near Manchester, eMoneyUnion is a Peer to Peer Lending Platform that Serves Non Standard Borrowers in the United Kingdom.  CEO Lee Birkett recently sat down for an interview on Crowdfunding Podcast. eMoneyUnion presents pre-approved borrowers to lenders acting as a peer to peer loan matchmaking underwriting service.  Loans may be requested from £1000 up… Read More

Demand for alternative source of finance for small businesses is rocketing

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Demand for alternative sources of finance is rocketing, with figures this weekend showing that lending to small firms through peer-to-peer lending site Funding Circle has passed £100 million. The site, set up less than three years ago, has grown so fast that experts estimate in ten years it could account for ten to 20 per… Read More

Could peer-to-peer lending plug finance gaps?

Funding Circle UK

Peer-to-peer lending models are filling the gap left by banks, suggests a new report from innovation charity, NESTA. ‘Banking on Each Other’ looks at the emerging field of peer-to-peer lending to business and the processes that drive borrowers and lenders to use the platforms. Data derived from Funding Circle, the largest peer-to-peer business lending site… Read More

Crowdfunding In Europe: The Top 10 ‘Peer-to-Peer’ Lenders

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Crowdfunders generally fall into different categories: equity, donation, reward, and debt. The last is also known as microfinancing — and commonly referred to in Europe as “peer-to-peer lending.” Here are the top 10 up-and-coming peer-to-peer lenders e making financial waves in Europe: 1. Zopa – This London-based P2P lender offers loans of up to £10,000,… Read More

Revolution in Business Lending Could Transform the British Economy

Funding Circle UK

Peer-to-peer lending has the potential to kickstart the economy by providing credit for small businesses Despite some encouraging signs, the UK economy remains in trouble. Growth remains weak and confidence fragile. Lending to small and medium businesses – the motor for job creation – has collapsed. A series of Government initiatives has so far failed… Read More

Crowdfunding might be the solution funding problems, but too much could crowd out institutional investors

The Crowd

Start-ups and early stage businesses have usually been the territory of the three f’s: friends, family and fools. Typically, when the f’s have been exhausted, the projects that survived and still show promise would turn to institutional providers – banks, debt providers and venture capitalists. However, these sources have effectively dried up over the last… Read More

For Disillusioned SMEs Hope Is Not Lost

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2012 was a tough year for SMEs. The Eurozone crisis rumbled on, economies stagnated or contracted and the banks failed to lend the sums needed to help pull Europe out of the abyss. Government initiatives such as the Funding For Lending (FLS) scheme in the UK have done little to benefit small businesses. The banks… Read More

Funding Circle and Zopa revealed as peer-to-peer lenders receiving portion of Business Finance Partnership cash

As part of the Business Finance Partnership package, Cable has pledged £55 million to peer-to-peer lenders and other finance suppliers. The structure of the capital means that match funding from the private sector is expected to generate an extra £55 million, taking the total to £110 million over the coming years. Online debt lending platform Funding… Read More