AltFi News - 06.04.18

The latest news from the world of Alternative Finance and FinTech
In the news this week
US alternative investment giant, White Oak Global Advisors, snapped up one of Britain’s biggest independent small business providers this week. LDF, which has more than 10,000 clients, was bought by the San Francisco-based specialist as it eyes expansion in the UK. In other news, the FCA has applied to the High Court in Manchester to have new administrators appointed in the ongoing Collateral UK saga. In a statement, the FCA said: "The FCA has intervened to ensure investors are protected as the law requires.”



One of Britain's biggest independent small business finance providers has been bought by a US alternative investment giant plotting expansion in the UK. LDF, which boasts more than 10,000 clients across a range of business sectors, was snapped up by White Oak Global... (City A.M.)
The Financial Conduct Authority has applied to place an unauthorised peer-to-peer lending platform into administration. It has made an application to the High Court in Manchester to appoint administrators for three connected companies: Collateral (UK) Ltd... (FT Adviser)
Fintech firm Saxo Bank has today launched its new professional trading platform, as it attempts to increase its market share around the world. Saxo Trader Pro, which is aimed at sophisticated individual and institutional traders, will provide a more complex platform than the trading apps and sites used by retail investors but at a fraction of the cost of those traditionally favoured by the large financial institutions. (City A.M.)
What we’ve seen in Search
Did you know that over 70% of searches for loans are now done on a mobile?
Nucleus Commercial Finance has hit the £750m cumulative lending milestone, after closing the first quarter with its largest loan to date. It also originated an additional 60 loans during the month, worth £3.5m in total. (P2P Finance News)
Funding Circle is continuing its US expansion with the opening of a new office in Denver, Colorado. The peer-to-peer lending platform said it is aiming to hire about 290 new employees over the next two years to support its growth in the area. (P2P Finance News)
Tweet of the Week
The Marketing Eye says
Being GDPR compliant isn’t an option and some businesses are fully aware what they need to do. However, not all businesses are sure about how to go about implementing the necessary steps...
The latest SME Finance report from insight agency BDRC brought the heartening news that, by Q4 2017, almost one third of the 130,000 firms interviewed (32%) were aware of P2P lending...

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