The latest news from the world of Alternative Finance and FinTech
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GLI Finance realises FundingKnight acquisition dream

 

GLI Finance realised its previously failed goal of acquiring peer-to-peer lender FundingKnight on Tuesday, after the business fell into administration. (Digital Look)


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Brexit leaves Europe’s FinTech firms in the lurch


Europe’s financial-technology upstarts are scrambling to figure out what the United Kingdom’s departure from the European Union and its digital payments rules means for their businesses. (The Wall Street Journal - subscription required)


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Good news for start-ups: The sharing economy is unfazed by Brexit according to PwC, and could bring £140bn to the UK by 2025


The UK's sharing economy sector, which include peer-to-peer lending platforms and crowdfunding sites like Kickstarter, car sharing apps such as Uber, car rental firms and music streaming services like Spotify, is currently worth around £7bn. (City A.M.)


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Rescue deal for peer-to-peer lending platform 


A Hampshire-based online peer-to-peer lending platform has been acquired out of administration by specialist finance provider GLI Finance. (Insider Media Limited)


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Disruptive peer-to-peer lending platform JustUs launches


A new lending platform has launched with plans to raise to raise £5.35m, including £1m on crowdfunding platform Crowdcube. (Manchester Evening News)


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Small businesses face funding gap after Brexit vote


Small companies are delaying investment decisions and losing some funding opportunities in the uncertainty triggered by UK’s vote to leave the European Union, according to business lenders. (The Telegraph)


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