AltFi News - 11.01.19

 
The latest news from the world of Alternative Finance and FinTech
 
 
In the news this week
Peer-to-peer property lender LendInvest achieved a record for new loan originations in December, lending £83m to property investors, developers and landlords. The company has now lent over £1.7m. In other news, the world's first fine food focused funding platform, PrimeStox, is looking to partner with peer-to-peer lending platforms as it looks to scale the business. PrimeStox delivers investors returns ranging from four to 12 per cent and typically funds loans in under ten minutes. Also this week, London retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor.
 
 
 
LendInvest
LendInvest lends record £83m to property investors in December

 

 

LendInvest achieved a record December for originations last month – lending £83m to property investors, developers and landlords. Following the month, the company has now lent over £1.7bn. (Mortgage Introducer)
 
PrimeStox
Food producer funding platform eyes P2P partners
A food producer funding platform has expressed interest in partnering with peer-to-peer lending platforms as it looks to scale up the business. PrimeStox, founded by mining and metals analyst Joseph Cherrez and... (P2P Finance News)
 
 
 
 
London raked £1.8bn in tech funding last year, almost double its next closest rival
London has retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor. (City A.M.)
 
 
 
 
Crowdcube closes 2018 with best ever quarter
Crowdfunding platform Crowdcube closed 2018 with its most successful quarter, with £84.6m pledged on-site, up from £43.6m in 2017. Revenue for the Exeter-headquartered company rose by 50 per cent to £6m, from £4m in 2017, while investment pledged to growing companies through the platform rose 72 per cent to £224m, from £130m the previous year. (Insider Media)
 
 
 
What we’ve seen in Search
Car finance and loan searches recovered towards the end of 2018, although they still remained 2.7% down year to date
car finance and loan 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.
 
 
 
 
TransferWise applies for licence in Brussels in preparation for Brexit
London-based financial technology startup TransferWise is applying for a money-transfer licence in Brussels, in a bid to ensure its business is not disrupted if Britain crashes out of the European Union without a divorce deal, it said on Thursday. (Yahoo Finance)
 
 
 
 
RateSetter passes £500m secondary market milestone
RateSetter has revealed that a cumulative total of £500m in liquidity has been provided to its investors via its secondary market. The P2P lending platform said that it understood that sometimes an investor might want to access their investment funds early (before the borrower has repaid their loan in full) and it facilitates this via its secondary market. (Bridging & Commercial)
 
 
 
Stat of the Week
Britain’s annual rate of consumer credit growth fell to its slowest rate since March 2015 during November 2018
 
 
 
 
Collateral administrator seeks investor permission for borrower legal action
Collateral investors are being asked to give the failed peer-to-peer lending platform’s administrator permission to take enforcement action against borrowers who are unable or unwilling to repay their loans. (P2P Finance News)
 
 
 
 
Apps more popular than online banking in UK
A survey has revealed that smartphone apps have surpassed online banking as the channel of choice for UK consumers. According to the study, which was commissioned by financial services review website Smart Money People, 39.2% of customers stated that their preferred means of dealing with banks is via apps, up from 30% in 2017. (Finextra)
 
 
 
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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