The latest news from the world of Alternative Finance and FinTech world
In the news this week
This week has seen SMEs and P2P lenders back a Brexit-heavy Queen’s speech, following on from what was described by some in the industry as the worst of all outcomes in the general election. Crowd2Fund enters the property lending market, Relendex’s secondary trading platform tops £1m and OFF3R looks to raise £5m to become the investment sector’s Moneysupermarket. PayPal’s CEO responds to Apple’s move into mobile money transfer, and the money exchange fintech WeSwap launches its new B2B platform, allowing third party firms to offer its service.
Crowd2Fund enters property lending market
Crowd2Fund has launched a new property loan product which qualifies for inclusion within the platform’s Innovative Finance Isa (IFIsa).(Bridging & Commercial)
Relendex’s secondary trading platform tops £1 million
Relendex, a secured peer to peer lending platform, has announced that its secondary market trading has surpassed the £1 million mark. (CrowdFund Insider).
Currency exchange fintech launches partnership API
Peer-to-peer money exchange firm WeSwap has launched a new service called “WeSwap Connect”. The B2B platform is designed to allow other firms to offer WeSwap’s travel money services alongside their own, via a “one-click” API integration. (AltFi)
OFF3R to raise up to £5m to become investment sector’s Moneysupermarket
OFF3R has launched a fresh fundraising round and beefed up its advisory board ahead of expanding its product range, as it looks to become “the Moneysupermarket of the investment sector”. (Peer2Peer Finance News)
Funding Circle SME Income fund holds steady on dividend
The £406m Funding Circle SME Income fund has paid out its fifth dividend, the fourth consecutive quarter at the same 1.625p level, holding pay-outs in line with targets. (AltFi)
PayPal's CEO responds to Apple's Venmo competitor: 'Apple can never do that'
For years, Apple has been developing a way to easily transfer money from one iPhone to another. This fall, that feature will launch as part of the next version of iOS, the software that runs on iPhones. (Business Insider)
SMEs and P2P lenders back Brexit-heavy Queen’s Speech
Peer-to-peer lenders have heralded legislation on housing and asset-backed financing in the Queen’s Speech that should help boost their platforms. (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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