The latest news from the world of Alternative Finance and FinTech world
In the news this week
Amongst all the buzz of the election aftermath, AltFi has managed to get its opinions out. RateSetter Business Finance’s view that a hung parliament represents the worst of all outcomes for business owners, albeit SMEs will continue to thrive, was widely reported. Outside of the election, it was business as usual. Lendy revealed that its investor numbers have almost doubled over the last 12 months and Seedrs has closed its first share trading window allowing investors to realise some of their profits.
‘As a PR disaster, May’s election campaign will echo in eternity’
Theresa May’s general election campaign “will echo in eternity” as a public relations disaster, according to a leading PR professional.(Yorkshire Post)
Lendy almost doubles investors Lendy
Peer-to-peer platform Lendy has revealed that it has almost doubled its number of investors over the past 12 months. (Bridging & Commercial).
UK insurance start-up Gryphon raises £180m
A UK start-up insurer called Gryphon has raised £180m from investors, making it one of the biggest new entrants to the industry in recent years. (Financial Times)(Subscription required)
Alternative Finance provider clocks fifth year of growth
An alternative finance provider with bases in Leeds and Manchester has increased its annual income to £7.56m, 14 per cent up on the previous year. (Insider Media)
Seedrs’ first trading window closes, some investors realise profits
Seedrs, a major UK equity crowdfunding platform, has drawn its first share trading window to a close. The company says that some of its investors have realised up to 19x returns by selling their shares. (AltFi)
Credit Peers Secures £45 million Credit Line
Credit Peers, one of the first peer-to-business (P2B) secured property lending platforms in the UK, announced today that it has secured a credit line of £45 million from a European investment management firm. (PR NewsWire)
Peer-to-peer comes of age as alternative asset class for investors
Record-low interest rates have hit savers hard, but not all of them want to take the extra risk of putting their cash in the stock market. (Financial Times)(Subscription required)
Zopa hunts for 40 tech whizzes as it narrows focus on bank launch
Britain’s largest peer-to-peer lender has heightened its focus on building a bank, firing the starting gun on a recruitment push that will see it hire at least 40 developers for the project. (Telegraph)
ArchOver partners with SME debt specialist Escalate
ArchOver has clinched a partnership with dispute resolution firm Escalate, a move that it said will boost its ability to offer both borrowers and lenders a ramped-up level of security on repayments and debt settlement. (Peer2Peer Finance News)
The Marketing Eye says
The Disconnected Customer Experience
If you want to know what a ‘connected customer experience’ is, you need look no further than the latest report from software integration ...
Consumer debt rises while businesses save
Soaring levels of consumer debt are evidently causing the Bank of England, the Government and others in authority some sleepless nights.
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