Lending platform ThinCats and parent company ESF Capital have introduced a £200m SME funding programme for British growth businesses.
With many entrepreneurs facing a UK funding gap to cross before they can launch their business, friends and family have been responsible for lending £7.2bn worth of investment to their loved ones.
Winner of the Future Unicorn Award at our Everline Future 50 2016, peer-to-peer lending platform LendInvest has been given a mammoth challenge, but CEO Christian Faes has told Real Business he’s confident the firm can become a $1bn company – by trotting, not galloping.
British Business Bank Investments recorded a profit of £11.8m in the five months to 31 March 2015, after a period spent investing through providers of finance to smaller businesses and small mid-cap firms.
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.
Professional services firm KPMG has forged a strategic partnership with peer-to-peer (P2P) business lender MarketInvoice, believing that alternative finance will help small businesses accelerate growth.
Long after the headlines are forgotten, the summer Budget will be remembered for widespread changes to the principles that underlie UK taxation. But as we’ve come to expect from Budgets since the recession, for every tax break there is bound to be a tax rise elsewhere to compensate.
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.
Alternative finance is no longer a baby industry, as peer-to-business lending hit the £1bn mark in 2014, growing by over 200 per cent year on year. But recent survey data from UK Bond Network shows that 42 per cent of smaller companies aren’t aware of alternative finance options available to them.
Entrepreneurs must give clearer information when raising funds through peer-to-peer lending and crowdfunding, according to new rules set out by UK regulator, the Financial Conduct Authority (FCA).
Figures released today show that the peer-to-peer (P2P) lending sector grew by 121 per cent in 2013.
Crowdfunding and P2P lending look set to be regulated more closely in the future.