Tagged: uk

IOSCO 2015

The FCA is delighted to be hosting the 40th Annual Conference of the International Organization of Securities Commissions (IOSCO), taking place on Sunday 14 June 2015 to Thursday 18 June 2015 in London, UK. Network with over 600 senior delegates from the UK and around the world, including representatives from over 200 of the global… Read More

Venturefest Yorkshire 2015

Venturefest Yorkshire 2015 is an event for entrepreneurs working in a science, technology, creative or high growth business.  They descend on York Racecourse to find inspiration, business contacts, advice, routes to funding, professional service support and investment. If you are an investor or a business that works with businesses in these sectors then you will find innovative ideas and motivated… Read More

INNOVATE FINANCE GLOBAL SUMMIT

Innovate Finance is a membership organisation that aims to be the independent voice of Britain’s fintech community. Our mission is to unify the world’s largest fintech ecosystem around the common issues all businesses face and to help foster technology-led change for the betterment of society. We bring together the expertise, market access, and resources of… Read More

Peer to Peer Lender Landbay Announces New Standards in “Openness”

Landbay Security

Landbay, a peer to peer lender that focuses on buy-to-let mortgages, with all loans asecured against tenanted, existing UK residential property, has announced a “new standard of openness”.  Landbay will now share publicly a range of data associated with its direct lending platform. The information will include  type of property being lent against, loan-to-value, rental coverage, location,… Read More

Historic Glen Rothay Hotel Crowdfunds “Revenue Loan” on Crowd2Fund

Glen Rothay Hotel

Modern finance meets history business operation as Glen Rothay Hotel enlists Crowd2Fund to raise capital for expansion and improvement of existing facilities. Glen Rothay, and associated Badger Bar, is a hotel located in the lake district that dates back to 1624.  The landmark property is a traditional inn that is said to attract both hikers… Read More

The Next British Invasion: Non Registered Securities Via the Crowd Can Succeed in the United States

The Beatles British Invasion

At the end of 2014, Robert Steinhoff, a JD candidate at the University of Colorado Law School, published a comment on the investment crowdfunding environment in the UK drawing a parallel to what could occur in the United States. The interesting thesis recognized the UK as leading the securities crowdfunding space having embraced a light… Read More

Brief: Zopa System Stops “Sophisticated” Fraud Attempt

Stop Fraud

UK peer to peer lender Zopa recently incorporated an automated system to detect fraudulent attempts at accessing their lending system. As a growing number of consumers shift from traditional banks to borrowing online it is inevitable the fraudsters and crooks will attempt to stumble in.  In this specific case an individual (or group of individuals)… Read More

UK Funding for Lending Scheme Continues to Fail in Mission. Funding Circle Says “Banks Are Not The Answer”

Dinosaur Old Antiquated

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all businesses was -£6.9bn in the fourth quarter of 2014. The… Read More

UK Government Responds to Report on Groundless Threats Regarding IP, Patents

Patented

The UK government has responded to the Law Commission report on the law on groundless threats to bring proceedings for infringement of Intellectual Property rights including patents. The proposed reforms are intended to ensure the “threats provisions” are clearer for businesses. A spokesperson stated this will make it easier for parties to make good faith attempts to… Read More

UK Government: Britain Has Become Business Creating Powerhouse

British Pounds Money £10

In a speech delivered by Danny Alexander, Chief Secretary to the Treasury, presented at the Saïd Business School, the government representative declared “that Britain has become a business-creating powerhouse”. Noting that it is not the government that creates jobs, it is the people.  All the government can do is help. Citing some interesting bullet points, Alexander… Read More

LendInvest, in Push to Become Mainstream Mortgage Lender, Lowers Investor Minimum

LendInvest Deal of the Week

LendInvest, a peer to peer or “marketplace” lender that focuses on the commercial and residential mortgage industry, has lowered its investor minimum to a nominal £1000.00.  This is in stark contrast to the £50,000 minimum that was established when the platform launched in 2013.  The minimum threshold has slowly dropped over the past months having… Read More

Zopa: More Brits Using their Platform to Consolidate Debt

Credit Cards

According to peer to peer lender Zopa, the number of Britons consolidating credit card debts using long-term loans through Zopa has increased by 57 per cent year on year, while the value of these consolidation loans has increased by 62 per cent in January compared to the same period last year.  This is in light… Read More

Worth Capital & The Gadget Show Join in Hunt for Next Great Gadget

Future Gadget Show

Worth Capital has launched its next competition: Future Gadget 2015. Worth is seeking to discover the world’s next great gadget by engaging hundreds of entrepreneurs, in need of capital,   to help bring their product to market.  The program is similar in structure to Worth Capital’s previous competitions – each associated with a funding round… Read More

UK Peer to Peer Lending Index Launched by AltFi

Liberum AltFi Returns Index

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index calculations are based on aggregated data from just the 3… Read More

Moving Mainstream: Centre for Alternative Finance of Cambridge Judge Business School Publishes European Alternative Finance Benchmarking Report

University of Cambridge research Report

Newly opened Centre for Alternative Finance of University of Cambridge Judge Business School reports European Alternative Finance Benchmarking Survey study results.  The European market could top €7 billion in 2015 The European alternative finance market grew 144% last year to €2,957m The UK is the largest European country for alternative finance, at €2.34b (£1.78 b) The top markets in mainland Europe… Read More

JustPark Reaches £1M Crowdfunding Target: Sets New Record on Crowdcube

JustPark 2

JustPark’s crowdfunding campaign on Crowdcube swiftly overfunded its original £1M goal, raising over £1,408,475 with the help of over 1902 backers. As reported by Crowdfund Insider‘s Samantha Hurst earlier this week, “JustPark is apparently leading the disruption of the £50 billion global parking market by allowing its customers to book off-street parking spaces online wherever and whenever they need… Read More

Victory Park Capital Commits $420 Million to Funding Circle UK & US

Samir Desai 1

Funding Circle, a leading peer to peer lender that targets small business loans, has announced a significant commitment by Victory Park Capital to finance up to $420 million in loans to small business originated via Funding Circle in both the UK and US over the next three years. Victory Park was an early partner with… Read More

Wellesley & Co. Will Offer UK’s First P2P Secured Bond

Graham Wellessley

Graham Wellesley, CEO and founder of Wellesley & Co. a UK based peer to peer lender, has announced a new P2P bond targeting ISA accounts.  Wellesley took to the studios of Bloomberg to chat up his platform’s newest investment opportunity.  He explained that by listing a bond they will actually comply with existing ISA requirements…. Read More

Interview: Investor & Cambridge Research Fellow Robert Wardrop Elucidates Alternative Finance’s Complexities and Societal Differences’ Effect on Markets

Robert Waldrop Quote

Interested in innovation, both in the finance industry and in the broader economy, Robert Wardrop began his career at Procter & Gamble before moving on to the Anschutz Investment Company and later to DAM Capital. The seasoned entrepreneur presently serves as a Non Executive Director at Asia Broadcast Satellite and Clarity Health Services as well as… Read More

P2P Lender Assetz Capital is Crowdfunding on Seedrs

Stuart Law

Assetz Capital is going to the crowd to finance its young peer to peer lending platform.  Led by CEO and co-founder Stuart Law, Assetz Capital is seeking a raise of £2 million in a convertible offer on Seedrs.  The offer incorporates a 10% discount on the future valuation of a P2P platform that expects to… Read More