The latest news from the world of Alternative Finance and FinTech
In the news this week
Digital lending platform Esme Loans has announced it will offer business loans to UK sole traders. This gives Britain’s increasing number of sole traders access to loans from £25k to £150k. In other news, digital banking has put smaller lenders at risk of a run on their deposits, despite changes meant to avoid further UK bailouts, while Tech Nation has announced the latest companies chosen to join its Future Fifty scheme, with UK FinTechs dominating the list of additions.
Esme Loans to support sole traders with lending solutions
Digital lending platform Esme Loans has announced it will now offer business loans to UK sole traders. Esme Loans’ extended proposition will give sole traders access to loans from £25k to £150k, and comes as the number of sole traders continues to rise, and the demand for business facilities is increasing. (Bdaily)
Digital banking puts small lenders’ stability at risk, report finds
Digital banking has put smaller lenders at risk of a run on their deposits that could spread across the financial system, despite changes meant to avoid further UK bailouts, a government report has warned. (The Guardian)
UK fintech dominates Tech Nation Future Fifty list
Tech Nation has announced the 24 companies chosen to join its Future Fifty scheme, with digital banking featured heavily in the list. Established in 2013, the scheme recognises new businesses and supports them as they scale up their operations and create jobs. (Verdict)
International payments start-up Airwallex has chosen London for its European headquarters after raising $100 million. The FinTech, which is based in Melbourne, Australia, specialises in low-cost cross-border payments and will ramp up its European operations immediately. (BusinessCloud)
Loan marketplace Monevo has launched a new platform to give consumers comparisons of pre-approved loans. Based in Macclesfield, the business is a licensed credit broker for personal and business loans and is Europe’s largest personal loan marketplace. (BusinessCloud)
UK businesses are wasting as much as £280bn a year by failing to have adequate asset management strategies in place
What UK fintechs and challenger banks have to say about Apple Card
Speaking on stage on Monday night, Apple CEO Tim Cook announced what many in the fintech space have long worried about: Apple was launching... a credit card. Working with issuing bank Goldman Sachs, the technology giant launched a physical MasterCard product to complement Apple Pay, called Apple Card. (Techworld)
At The Marketing Eye we work with a lot of start-up companies and businesses in the early years of trading and, as a result, we have become accustomed to setting those early-stage marketing strategies that get them out of the starting blocks and on the road to growth.
Using our Meta Description tool to increase Organic Search Clicks
SEO is often about working out which activities will boost your sites rankings for a certain set of key phrases, to move ever closer to an average position of number one in organic search. That's all well and good, but there's another important aspect of optimising for...