Tagged: uk

February 16, 2016 @ 7:09 pm By JD Alois  |  

    The University of Cambridge Centre for Alternative Finance and Nesta have released their much-anticipated report on alternative forms of finance tracking results for 2015. The research was completed in partnership with KPMG and with the support of CME Group Foundation. Entitled”Pushing Boundaries”, the… Read More

February 16, 2016 @ 1:58 pm By JD Alois  |  

ArchOver, a peer to peer or “B2B crowdlending platform”, has facilitated a sizeable £2.3 million loan to provide working capital to Duradiamond. The deal is stated to be a record-breaking amount for not just the online lender but for the industry as a whole.  Duradiamond… Read More

February 16, 2016 @ 11:09 am By Samantha Hurst  |  

Oppo, a luxury ice cream brand from London, launched an equity crowdfunding campaign on Seedrs to raise £150,000 so that it may continue expansion. The company has created ice cream with fewer calories than an apple. It contains 60% fewer calories than regular ice cream… Read More

February 16, 2016 @ 8:42 am By JD Alois  |  

Zoopla (LSE:ZPLA) has invested an undisclosed sum in peer to peer mortgage lender Landbay.  The announcement was revealed in a corporate filing by Zoopla as well as a statement on the Landbay site.  Zoopla also announced partnership/investments in PropertyDetective, FixFlo and Trussle, each representing an important vertical… Read More

February 16, 2016 @ 8:05 am By JD Alois  |  

RateSetter has announced it has removed all early exit fees from its monthly investment market. This means that investors will have better access to their money without having to pay additional fees associated with an exit. RateSetter also states this new “easy access” will also… Read More

February 16, 2016 @ 6:37 am By Erin Hobey  |  

Kwanji, the emerging market payment specialist, has closed its first crowdfunding round, exceeding its initial target and finishing 123 per cent overfunded having raised £496,682 on the UK equity crowdfunding platform,  SyndicateRoom. “Kwanji is a fantastic UK-based fintech business, which helps SMEs save significant amounts of money… Read More

February 15, 2016 @ 10:50 pm By JD Alois  |  

Wellesley & Co, a peer to peer lending platform, has appointed Nick McAuliffe as Managing Director.  The new hire was said to arrive as the P2P lender expects significant growth in 2016. Wellesley has made almost £300 million loans to date with over 20,000 registered… Read More

February 15, 2016 @ 1:47 pm By JD Alois  |  

Peer to peer (marketplace) lending is poised to supplant all types of debt markets. While many platforms have focused on the low hanging fruit of providing consumer credit, online lending will someday soon be the norm across many verticals.  In the UK, the mortgage market… Read More

February 15, 2016 @ 9:16 am By JD Alois  |  

Mondo, a UK based challenger bank, is raising £6 million to help fund it’s mobile-first vision of the future of banking. Mondo has already received commitments from leading venture capitalists including Eileen Burbidge’s Passion Capital, but as part of the funding round Mondo will be… Read More

February 13, 2016 @ 3:53 pm By Therese Torris  |  

The FinovateEurope conference closed its doors on February 10th in London after two days packed with company pitches, demos, and networking. It was the biggest FinovateEurope since Finovate launched its first London event in 2010. Some 72 FinTech companies submitted their product and service innovations… Read More

February 13, 2016 @ 10:42 am By Samantha Hurst  |  

With less than five days until its Crowdcube campaign comes to an end, yoga and fitness studios, Ethos have successfully secured nearly £800,000 thanks to over 300 investors. Ethos, which was founded by Cambridge graduates Dr. Theo Koutroukides and Jennifer Hersch, is described as a chain of… Read More

February 12, 2016 @ 3:21 pm By Samantha Hurst  |  

Jake Bullough, founder of Crowdcube #FundedClub member, Beara Beara, recently discussed how his company has grown since its success on the equity crowdfunding platform. The company, which offers consumers leather bags, successfully secured £203,540 from 131 investors last year. While describing the company, Bullough stated: “Beara Beara is… Read More

February 12, 2016 @ 7:42 am By Samantha Hurst  |  

UK research firm Beauhurst announced this week it has named equity crowdfunding platform Crowdcube most active investor of 2015. According to the latest independent report The Deal 2015/2016, Crowdcube reportedly saw its crowd make over 63,500 investments to the tune of 83 million, funding 166… Read More

February 11, 2016 @ 9:27 am By JD Alois  |  

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

February 11, 2016 @ 5:45 am By Erin Hobey  |  

“As the first regulated equity crowdfunding platform in the world, Seedrs has always focused on doing equity crowdfunding the right way. Our mission is to build a sustainable industry with a business approach focused on a combination of scale and professionalism. We create a world-class… Read More

February 10, 2016 @ 2:06 pm By Samantha Hurst  |  

Nearly four years after one of the world’s largest drinks companies, Diageo, snubbed BrewDog for an industry award, the perpetually crowdfunding company is officially vowing revenge for the decision. According to The Daily Record, Diageo, who make drinks such as Guinness, Smirnoff and Johnnie Walker, was forced to apologize… Read More

February 10, 2016 @ 12:03 pm By Samantha Hurst  |  

This week, equity crowdfunding platform Crowdcube caught up with founder and director of #FundedClub member FitMiBODY, Matt Lo, discuss the company’s growth and expansion. FitMiBODY is a personal training and fitness company that provides training services and outdoor fitness classes in London. Its mission is to create… Read More

February 10, 2016 @ 11:30 am By Therese Torris  |  

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

February 10, 2016 @ 10:09 am By JD Alois  |  

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

February 10, 2016 @ 9:01 am By JD Alois  |  

Recently launched equity crowdfunding platform Growthdeck, has merged operations with Squareknot based in Glasgow, Scotland in perhaps the first merger of two online equity marketplaces. Growthdeck, announced its debut this January to offer “investors more investment experience, transparency and a much higher level of customer… Read More