AltFi News - 09.12.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world
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1.6 million Brits helping to bridge the £4bn business funding gap

 

In a constrained lending environment, entrepreneurs are turning to loved ones for support, with an average sum of £4,479 being lent at a time. At least £7.2bn has changed hands in this way across the UK, as business owners rely on social networks to plug the lending gap. (Business Matters)


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Zopa stops accepting new money transfers


The peer-to-peer lending platform said that the time to lend new money was currently projected to be slow, which meant it would not be accepting new money transfers. (Bridging & Commercial)


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Update: P2P Lending Platform Flender Nears £500,000 Funding Target on Seedrs


Just a couple weeks after launchings its Seedrs campaign, peer-to-peer finance platform Flender has secured more than £380,000 out of its £500,000 funding target. (Crowdfund Insider)


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Local alternative lending is enabling business growth outside the city


Over the past decade, the risk appetite of the big banks has fallen, making them less inclined to provide finance to SMEs up and down the country. Consequently, small businesses have found it more challenging to secure funding through traditional methods. (CITY A.M.)


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