The latest news from the world of Alternative Finance and FinTech world
In the news this week
It’s been another good week for the Alternative Finance industry with two of the UK’s FinTech’s Revolut and Curve raising $66m and $10m respectively. The P2P buy-to-let mortgage specialist, Landbay is to broaden its product offering with its Legal & General partnership and P2P lender Folk2Folk announced the launch of its IFISA. With the FCA’s clampdown on P2P wholesale lending activities, are lenders having to look to other types of crowdfunding platforms to obtain finance?
Landbay broadens product offering with partnership
Buy-to-let mortgage specialist to offer insurance product to landlords. Landbay, a fully authorised peer-to-peer lender in the buy-to-let space, has ...(AltFi)
P2P wholesale ban boosts business for crowdfunding sector
The Financial Conduct Authority (FCA)’s clampdown on peer-to-peer wholesale lending activities is pushing lenders towards ... (Peer2Peer Finance News).
UK fintech start-up Revolut raises $66 million, adds bitcoin
The "global banking alternative" Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center. (REUTERS)
P2P Lender Folk2Folk Launches “Local” IFISA
Folk2Folk has announced the launch of its Innovative Finance ISA (IFISA). The P2P lender’s “local” ISA can give investors the opportunity to support British businesses within their local area whilst earning tax-free interest on the loans. (Crowdfund Insider)
London fintech Curve raises $10M Series A
Curve, the London fintech startup that offers a platform that lets you consolidate all your bank cards into a single Curve card and manage your money, is on the verge of closing $10 million in Series A funding. (Tech Crunch)
Nutmeg partners with challenger bank
Nutmeg has partnered with digital challenger bank Fidor for a fintech service launching into the UK. The online wealth firm joins peer-to-peer lender Seedrs as the inaugural partners for the service, which will provide UK customers with an extensive suite of fintech products and services, alongside alternative investment opportunities. (CityWire)
Government urged to boost British Business Bank’s P2P resources
The Federation of Small Businesses (FSB) has called for the government to boost the resources it gives to the British Business Bank so firms can access better information on alternative sources of finance such as peer-to-peer lending. (Peer2Peer Finance News)
Assetz Capital posts record quarter
Assetz Capital advanced a record £31m of facilities in June as it enjoyed its best ever quarter by providing over £60m to borrowers. (Bridging & Commercial)
The Marketing Eye says
The Marketing Eye hosts InsurTech roundtable
The Marketing Eye was delighted to host a recent roundtable of some of the brightest talents in InsurTech at the offices of Incisive Media in Soho.
Peer-to-Peer lending passes 10 billion mark
Peer-to-peer lending has reached a significant milestone since Zopa launched the world’s first P2P platform in 2005. Over £10 billion has been cumulatively lent ...
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