AltFi News - 18.01.19

 
The latest news from the world of Alternative Finance and FinTech
 
 
In the news this week
FinTech firm Capify has secured a £75 million credit facility from Goldman Sachs Private Capital in a bid to support its future growth plans. The alternative business finance provider will use the financing to accelerate the growth of its lending business through its merchant cash advance and business loan products. In other news, another Manchester-based FinTech firm AccessPay has secured a £9m investment package led by transatlantic venture capital investor Beringea. The investment marks the expansion of Beringea’s footprint in the North West.
 
 
 
Capify
Greater Manchester FinTech secures £75m credit facility

 

 

FinTech firm Capify has secured a £75 million credit facility from Goldman Sachs Private Capital to support its future growth plans. The alternative SME finance provider will use the financing to accelerate the growth of its lending business to UK SMEs through its merchant cash advance and business loan products. (BusinessCloud)
 
AccessPay
Fintech firm lands £9m investment package
A Manchester fintech firm has landed a £9m investment package. Transatlantic venture capital investor Beringea is leading the £9m investment in AccessPay. The funding, backed also by US investors True Ventures and Route 66, is one of the largest ever investments in a financial technology company in the... (The Business Desk)
 
 
 
 
RateSetter passes £3bn lending milestone
RateSetter has announced that it has now originated more than £3bn of loans. The P2P lending platform originated over £700m of new lending in 2018, while the amount of active loans under its management has grown to £820m. (Bridging & Commercial)
 
 
 
What we’ve seen in Search
Pension and retirement searches are down almost 16.3% compared to this time last year
Pension & Retirement Options search trends
 
 
 
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Search trend data can provide your business with the ability to create a well-defined strategy. Contact us today to find out how we can help.
 
 
 
 
London fintech startup Jaja Finance picks up £5m with a boost from Celeres
Credit card fintech startup Jaja Finance has today confirmed the final close of its £3.5m crowdfunding round, boosted by an additional £1.5m from Celeres Investments. (City A.M.)
 
 
 
 
Amicus Asset Finance aims to nearly double in size under new ownership
Amicus Asset Finance has moved back into private ownership amid plans to nearly double the size of the business in the next year. The business was formerly owned by Amicus Finance, which entered administration at the end of last year, affecting its property and commercial mortgages arms. (Asset Finance International)
 
 
 
Stat of the Week
Just 15,000 extra banking customers switched their current accounts last year despite the launch of Open Banking
 
 
 
 
Crypto trading platform Currency.com launches
Currency.com, a Gibraltar-based trading platform for tokenised securities, has launched with an $8 million investment from Larnabel Ventures and VP Capital. The platform uses blockchain technology and wants to “turn traditional methods of investing on its head”. (FinTech Futures)
 
 
 
Tweet of the Week
fintech tweet of the week
 
 
 
The Marketing Eye says
 
 
What is the best way to spend my marketing budget?
This is a question that we get asked a lot and while it's understandable that people are looking for a single, unambiguous answer, the reality is it's influenced by many factors ranging from the nature of the product or service to where the business is in its life-cycle.
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...
 
 

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