Tagged: united kingdom

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

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

Record Number of Investors Back JustPark on Crowdcube as Campaign Goes Into Overfunding

JustPark 3

JustPark has broken a funding record on Crowdcube. The App company has captured over 2400 investors attracting 3x more backers than any other offer in Crowdcube’s history. JustPark, a company that already lists BMW and Index Ventures as early investors, had sought a funding round in the amount of £1 million but easily passed that… 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

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

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

Crowdcube Announces New Hires: Dean Mayer & Stuart Nicol Join Largest UK Equity Crowdfunding Platform

Dean Mayer Stuart Nicol

UK based Crowdcube has announced  two new hires as part of its strategic expansion of its senior team. According to a report from the crowdfunding platform, Dean Mayer has been appointed as Head of Debt and Stuart Nicol as Growth Director. Dean will develop Crowdcube’s new debt business, including its increasingly popular mini-bond offering. Stuart will… Read More

Enclothed Gets Dragons Den Boost. Doubles £400K Equity Crowdfunding Goal

Enclothed Founders Levi Young Dana Zingher

Enclothed, a bespoke shopping service that just closed its equity crowdfunding round on Crowdcube, raised £800,000 from 378 investors following a popular pitch on Dragons Den. The company initially intended on raising £400,000 but investor demand propelled the offer into overfunding boosted by the visit to the popular UK show. The largest single investment was… Read More

RateSetter Tops Half A Billion in Loans. January Sees Record Amount of P2P Lending

Half billion pounds

RateSetter, a UK based peer-to-peer (P2P) lending platform has announced it has surpassed half a billion lent since the site launch in 2010. RateSetter has also shared that the Company processed over £43 million in January and states this is the most ever lent by any P2P platform in a single month, topping their previous record. The P2P lender… Read More

The End of P2P Lending as We Know It? Or an Exciting New Phase? Industry Pushes to Become “Marketplace Lending”

Cattle Branding

Reading the FT’s recent (29th January) piece by Tracy Alloway and Emma Dunkley entitled ‘Rebranded P2P revolutionaries form ties with traditional lenders’, my initial reaction was to be rather saddened that some of the biggest names in the alternative lending market of which we’re a part seem to be abandoning its ‘revolutionary’ status and pandering… Read More

Pre-Industrial / Zero Waste Restaurant Successfully Raises Capital on Crowd2Fund

Fresh Vegitables at Silo

This equity crowdfunding campaign is so cool.  Silo is a “zero waste” restaurant, coffee house and bakery that promotes “a pre-industrial food system”. They have just closed a small funding round on Crowd2Fund.  This is described as the “first zero waste restaurant ever in the UK”. To completely disclose – I have a touch of the foodie… Read More

Compare & Share Returns to CrowdCube for Round 2

Compare and Share one stop

Compare & Share, a website that aggregates the sharing economy, has returned to the pages of Crowdcube for a second round of funding. The young company first raised capital on Crowdcube back in October of 2013.  The first crowdfunding round sought a raise of £50,000 but closed over 3 times that goal – claiming a… Read More

Rebuke FT? What’s Your Beef with Alternative Finance?

Where is the Beef

I’m no lawyer but if it were about a firm or an individual I think it would probably be a libel to re-characterise the content of yesterday’s FCA report and their comments on Equity Crowdfunding as either a ‘rebuke’ or a ‘crackdown’. This is deeply damaging and prejudicial. Especially as it hardly represents what the… Read More