The Idle Man, a menswear fashion brand, crowdfunded on Crowdcube back in 2015 raising a respectable £793,000 from over 400 investors. A couple of years later, The Idle Man returned to Crowdcube seeking £500,000. At that time, in a blog post, CEO Oliver Tezcan touted… Read More
Read more in: Global, Offerings | Tagged administration, crowdcube, the idle man, uk, united kingdom
UK online lender Wonga has entered into the process of administration. According to a note provided by the Financial Conduct Authority, Wonga and its affiliates have decided to pursue bankruptcy proceedings and have enlisted the assistance of Grant Thornton whois in the process of being appointed… Read More
Read more in: Fintech, Global | Tagged administration, bankruptcy, financial conduct authority, online lending, payday, uk, united kingdom, wonga
Collateral, a UK-based peer to peer lending platform, has reportedly gone into administration after trading without a proper license. According to various reports, a letter was sent to investors from the company’s administrator, named Gordon Craig, that stated the company was operating in the belief that… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged administration, collateral, fca, financial conduct authority, gordon craig, online lending, p2p, peer to peer, uk, united kingdom
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