Lambeth Council and peer-to-peer business lender Funding Circle have forged a Local Business Lending Partnership, which will see the government body embrace fintech to finance local companies.
Describing the crowdfunding concept as only being at "one minute past midnight" in terms of development, tendr founder Lex Deak provides us with insight on the new technology he's launching into the market, and just what is needed to provide longevity for this burgeoning alternative finance space.
Britain's alternative finance sector is set to receive an increased amount of attention in the next two years, as 64 per cent of small business owners across the country expect demand to grow.
Peer-to-peer business loan company Funding Circle has passed the half-billion-pound mark of finance accessed by SMEs on its platform.
London-based financial technology business TransferWise has closed its latest, and largest, venture capital funding round to date as part of efforts to ramp up global growth.
Investors will now no longer be required to pay income tax on any bad debt generated through activity with peer-to-peer funding platforms, the Autumn Statement has revealed.
The government's “British Business Bank” has confirmed it will be investing another £40m in P2P loans company Funding Circle in an effort to boost alternative funding options for small and medium businesses.
Richard Martin of Central Union Partners can't help but feel FCA intervention should be welcomed.
Thousands of entrepreneurs are still resorting to credit cards and personal financing to fund their businesses, new research reveals.