Tagged: uk

December 12, 2015 @ 9:38 am By JD Alois  |  

  The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to… Read More

December 11, 2015 @ 11:16 am By Samantha Hurst  |  

On Thursday, the European Investment Fund (EIF) and iwoca have signed their first COSME agreement in the UK to help a greater number of SMEs gain access to finance. The initiative benefits from the support of the European Fund for Strategic Investments (EFSI) through which the… Read More

December 11, 2015 @ 9:29 am By JD Alois  |  

Zano, a drone project on Kickstarter, appeared to embrace it’s own demise.  A month after announcing its intent to ship the Zano drones, the Torquing Group (Zano creators), announced it was heading into receivership and all was lost. Zano was the largest UK Kickstarter campaign… Read More

December 11, 2015 @ 8:55 am By JD Alois  |  

Zopa, the largest peer to peer lending platform in the UK, is reportedly working with JP Morgan to raise £70 million giving the company a £500 million valuation. Zopa was the first P2P lender in the UK and pioneered the concept that has been embraced… Read More

December 10, 2015 @ 10:55 pm By Dom Wolf  |  

A year goes quick, doesn’t it? Before you know it I’ll be dusting off the crystal ball and attempting to offer wisdom to predict the top trends in to watch NEXT year. But before we do that, I thought I’d take a look at how… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

December 8, 2015 @ 11:20 am By JD Alois  |  

  The Financial Conduct Authority (FCA) in its ongoing quest to promote competition within the financial services sector, has announced upcoming rules designed to improve the plight of consumers who save money in banks.  From December 2016, financial firms will be required to provide specific… Read More

December 8, 2015 @ 6:24 am By JD Alois  |  

ThinCats, a UK based peer to peer lending platform focusing on SMEs, has been acquired by European Specialty Finance (ESF) Capital.  The purchaser has taken a 73.4% of the firm.  ESF’s CEO, John Mould, has been appointed as CEO of ThinCats with overall responsibility the direct lending platform…. Read More

December 7, 2015 @ 11:01 am By Samantha Hurst  |  

Kicking off its new How to Crowdfund series, crowdfunding platform Crowdfunder UK revealed the first step to using the funding method. The Crowdfunder UK team stated: “Most of the actual exposure and building of a movement around the project should happen outside the crowdfunding platform before the… Read More

December 7, 2015 @ 10:29 am By Samantha Hurst  |  

Last month, crowdfunding platform Tilt shared details about its expansion in the UK. It first surfaced in the country this past July. The Tilt team revealed: “Back in July, we nipped across the pond to bring Tilt to the UK for the first time. Now, as… Read More

December 5, 2015 @ 3:37 pm By JD Alois  |  

The UK has just released figures showing that 27.1% of central government purchasing was with small business in the past fiscal year.  According to the report, 10.9% was directly with SME’s and 16.2% was through the supply chain.  This tops the goal set by Parliament… Read More

December 4, 2015 @ 10:53 am By Samantha Hurst  |  

On Friday, award-winning Stourton brand, Cotswold Distillery, announced the launch of its first crowdfunding project on Crowdbnk, known as Angels’ Share, to raise a minimum of £500,500. The company, which was founded in 2013 and began operations in September 2014, produces maturing stocks of whisky at the… Read More

December 4, 2015 @ 5:10 am By JD Alois  |  

Pod Point, a UK based charge point suppliers for electric vehicles that claims to be leading the European market, is nearing its targeted funding goal of £1.75 million. The “Electric Equity” plus “Open Charge Bond”, has offered a minimum of £250,000 in a 8% bond… Read More

December 4, 2015 @ 3:54 am By JD Alois  |  

LendInvest has appointed Steve Larkin to craft a new property finance product to target the sub £10 million development loan market, a sector of property finance currently under-served by traditional lenders.  LendInvest, the largest peer to peer property lender in the world, has sees a… Read More

December 3, 2015 @ 10:25 am By Erin Hobey  |  

Tandem has been granted authorization from the Bank of England and will be regulated by Financial Conduct Authority and the Prudential Regulation Authority, blogged co-founder Ricky Knox. Tandem aims to be the most helpful, not the most painful, bank for its customers. “This is very… Read More

December 3, 2015 @ 9:00 am By Midori Yoshimura  |  

  “I knew it could be amazing.” Jane ní Dhulchaointigh, CEO of Sugru, one of the world’s first moldable glue brands, saw the potential in the first, we’ll say, “aromatic” blend of silicone caulk and waste wood dust she created to improve her belongings so that they worked better… Read More

December 2, 2015 @ 1:49 pm By Erin Hobey  |  

Japanese e-commerce giant Rakuten (TOKYO:4755) officially initiated a new $100 million fintech investment fund, according to a release.  The Rakuten FinTech Fund, a new US$100 million global investment fund focuses on investments in disruptive early to mid-stage fintech startups aims to offer attractive return potential with strategic relevance…. Read More

December 2, 2015 @ 9:51 am By JD Alois  |  

Mexican food chain Chilango has closed its funding round on Crowdcube at £3,433,010 topping its original target of £1 million.  Chilango gained approximately 1300 new shareholders as the investors purchased an 8.72% stake in the firm.  Crowdcube states the single largest investment during the equity… Read More

November 30, 2015 @ 2:17 pm By Samantha Hurst  |  

  Ready to offer up key advice on using the crowdfunding method, crowdfunding platform Crowdfunder UK announced it is launching a 7-week feature known as How To Crowdfund. As part of the first installment, Crowdfunder UK shared six steps to crowdfunding success: “Crowdfunding is a way to… Read More

November 30, 2015 @ 10:54 am By JD Alois  |  

The Bank of England (BOE) announced the extension of the Funding for Lending Scheme (FLS) that was designed to provide easier access to capital for SMEs.  The BoE stated the program will provide lenders with continued certainty over the availability of cheap funding to support lending… Read More