Tagged: uk

2017 Americas Alternative Finance Industry Study: The University of Chicago & University Cambridge Partner on Research

ccaf-2017-americas-study

The Polsky Center for Entrepreneurship and Innovation and Booth School of Business at the University of Chicago and the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School have partnered again on the 2017 Americas Alternative Finance Industry survey. Research… Read More

London-Based The Vino Beano Officially Kicks Off Crowdfunding Efforts on Invesdor

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The Vino Beano, an alternative wine merchant that specializes in bringing fine, artisan-made wine to the UK market, has officially kicked off its equity crowdfunding efforts on Invesdor. The company is currently seeking a minimum of £100,000 and a max of £200,000. As previously reported, the London-based… Read More

Comments on Theresa May’s Modern Industrial Strategy: I Believe the Government Will Succeed in Making the Country the ‘Global Britain’

theresa-may-global-uk

Yesterday, Prime Minister Theresa May revealed her vision for a modern industrial strategy for the UK. The policy proposal was released during her first regional cabinet meeting. May is engaged in a tight-rope walk of policy as she manages ramifications of Brexit while crafting an… Read More

Goji Selected to Launch IFISA for Landbay, Downing, Peer Funding and UK Bond Network

IF ISA Innovative Finance ISA

Specialist provider of P2P and marketplace lending products and services, Goji, has announced that Landbay, bond investment platform UK Bond Network, crowd bond provider Downing, and SME-focused P2P platform Peer Funding have each selected their platform to offer the Innovative Finance ISA (IFISA). Goji said… Read More

Lloyds: Low Interest Rates & Fintech are the Most Important Trends that Will Shape Banking Over the Next 10 years

António Horta-Osório, Chief Executive, Lloyds Banking Group, United Kingdom speaking during the Session "Global Banking Outlook" at the Annual Meeting 2017 of the World Economic Forum in Davos, January 19, 2017
Copyright by World Economic Forum / Manuel Lopez

Speaking at the World Economic Forum in Davos, Lloyds Banking Group Chief Executive Officer Antonio Horta-Osorio made the statement that “low-interest rates and fintech are the most important trends that will shape banking over the next 10 years.” The pronouncement comes as Lloyds has been enduring… Read More

Funding Circle Stops Originating Loans in Spain

Stop Sign

Following big news of a $100 million funding round, Funding Circle has announced it will stop issuing new loans in Spain. The announcement was posted on the Spanish version site of the SME peer to peer lender noting that it has not offered new loans… Read More

New #FundedClub Member: MyShowcase Closes Successful Crowdcube Initiative

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On Friday, multi-brand, multichannel, personal beauty advisory service MyShowcase finished its equity crowdfunding run on Crowdcube and secured £1,036,170 from 396 investors. MyShowcase now offers a range of independent UK beauty brands. Stylists give advice and sell to customers via home showcases, 1-2-1 or through social media. Within the past two years,… Read More

Update: MyShowcase Surpasses £1 Million During the Final Days on Crowdcube

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With its Crowdcube campaign set to close on Friday (January 20th), MyShowcase has secured more than £1 million thanks to nearly 340 investors. The initiative was launched in November and originally sought to raise £750,000. MyShowcase is described as a multi-brand, multichannel, personal beauty advisory… Read More

Overfunding: Circuitree Cirrus Quickly Raises £100,000 Funding Target on Crowdcube

circuitree-cirrus

Just days after launching its equity crowdfunding campaign on Crowdcube, Circuitree Cirrus successfully secured its initial £100,000 funding target and is nearly £150,000 thanks to nearly 180 investors. Circuitree Cirrus, which was founded in 2015, stated it created a smart battery allows intermittent solar energy to be captured and… Read More

Assetz Capital Hurdles £200 Million in Lending to SMEs

stuart law at lendit

Record Year for Assetz Capital as £108 Million lent to Small Business in 2016. Assetz Capital, a peer-to-peer lending platforms, has announced having originated £200 million in loans since launching in 2013. The alternative finance platform targets small and medium-sized UK businesses and also helps property… Read More

School Notices Secures Nearly £825,000 During the Final Hours on Crowdcube

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With less than 24 hours until its Crowdcube campaign comes to an end, fundraising platform School Notices has successfully secured nearly £825,000 in funding thanks to 186 investors. The portal launched its initiative last month and was originally seeking £700,000. School Notices was founded in 2014 by… Read More

Report: Crowdfunding Delivers More Cash to Business than UK Startup Loan Scheme

Adam Smith Money UK

The Crowd Data Center is out with a report stating that seed crowdfunding is more effective in delivering more money to businesses than the UK government’s program: 40% more funding in 2016 than the government funded Startup Loans scheme. The Crowd Data Center has collected… Read More

UK P2PFA Publishes Q4 Data: Ongoing Growth Indicative of Confidence

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Fourth Quarter UK Peer to Peer Lending Hits £844 Million The UK Peer to Peer Finance Association (P2PFA) has published Q4 data for both SME and consumer lending. The P2PFA said “fourth quarter of 2016 has demonstrated continued growth, with the expansion in lending volumes… Read More

Software Publisher Misys Launches White Label Crowdlending Platform

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Today on the Parisian leg of a world tour called Misys Connect Forum, banking software publisher Misys announced the launch of a new addition to its offering of financial software solutions: Misys FusionBanking CrowdLending. The software-as-a-service (SaaS) solution aims at enabling retail and corporate banks… Read More

Crowdcube Announces Continuous Support For Startup Accelerator MassChallenge UK

Luke Lang and Darren Westlake_Crowdcube

On Tuesday, equity crowdfunding platform Crowdcube announced it will continue its support for the startup accelerator, MassChallenge UK. The program notably provides early-stage startups the right resources for growth, create value, and improve the world all for zero equity. According to Crowdcube, MassChallenge UK alumni have collectively… Read More

UK Fintecher Platform Black Rebrands as Sancus Finance Limited

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UK-headquartered Platform Black Limited announced that it has rebranded as Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited. The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings… Read More

OFIXU Hits £75,000 Fundraising Goal on Seedrs

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OFIXU hit its fundraising goal on Seedrs with a goal of about £75,000 (just over $91,000) to build out its sales and marketing teams.  The campaign hit its mark well before its deadline around mid-February. OFIXU calls itself the “Airbnb for workspaces”, allowing commercial office renters to lease… Read More

On Hold: Wellesley Suspends Seedrs Campaign to Attract City Investors

alasdair-lenman

Just a few weeks after launching its equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Wellesley has reportedly decided to suspend the initiative as it seeks to attract city investors. As previously reported, Wellesley sought to raise £1.5 million though the funding portal to continue operations…. Read More

A Record Breaking Year for Seedrs: A Discussion with CEO Jeff Lynn

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Seedrs delivered a record year of crowdfunding. In an end of the year recap, Seedrs quantified their accomplishments including: £85 million invested in 159 different deals 45,000 individual investments were made during 2016 from 65 different countries FreeAgent, a company that raised £1.2 million Seedrs… Read More