AltFi News - 10.02.17

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world
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Crowdcube investment figures defy Brexit gloom

 

Crowdcube has seen a strong upswing in investment through its platform since the decision to leave European Union (EU) last June. In the six months since the Brexit vote, Crowdcube reports investment on its platform is up 20 per cent. It finished 2016 on a high with its best quarter since the platform launched in 2011. (AltFi)


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Peer to Peer Lending Said to be on “Right Path” as Wealth Managers Seek Quality Investments


Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. (Crowdfund Insider)


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New peer-to-business platform launches


London-based Credit Peers allows individuals to lend from £500 upwards for commercial property transactions that were previously only available to institutions and banks. (Bridging & Commercial)


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Fintech MarketInvoice is 'taking the fight to the banks' and targeting £900 million in lending this year


Fintech company MarketInvoice is planning to more than double the size of its business in 2017 as it launches new products in a bid to become the destination for small business short-term finance. (Business Insider)


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Bank of England policymaker hints higher interest rates may be needed for 'star performer' UK


Interest rates may need to rise “soon” to keep a lid on inflation if the UK economy continues its “remarkably solid and stable” performance, according to a top Bank of England policymaker. (The Telegraph)


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Which? investigation shows banks charging more than payday lenders for overdrafts


Payday lenders often like to moan that banks don’t get the same sort of scrutiny that they do when it comes to the subject of ruinously high cost credit. (Independent)


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Click here for news and insights from the world of Alternative Finance and FinTech

 

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