John Goodall and Gray Stern are the creators of Everline Future 50 entrant Landbay, a business disrupting P2P lending and the buy-to-let property sector, having realised the particular real estate market was strong enough to provide funding with very low risks involved.
Matt Powell is the financial director at Lending Works, but prior to joining the P2P lending startup, he was working at global audit firm EY (formerly Ernst & Young) and on the road to becoming a partner, so some would call him “crazy” for leaving.
Peer-to-peer business loan company Funding Circle has passed the half-billion-pound mark of finance accessed by SMEs on its platform.
The government has published draft legislation that will help connect SMEs with alternative finance providers, giving them a second chance at accessing finance.
The total value of loans processed by P2P lending platforms has now surpassed £2bn, figures today show.
With banks still reluctant to lend money to SMEs, small businesses are struggling to find alternative sources of funding. Mike Smith signposts to the best options available on the market.
The P2P lending market has grown by 50 per cent in just five months, according to figures released today.