In the news - 09.09.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech

London FinTech star Transferwise doubles revenue as losses grow

Fintech unicorn Transferwise has revealed revenue tripled last year but losses grew as it continues to plough cash into global growth. (CITY A.M.)

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Low Interest Rates Turn Savers into Spenders

Kevin Caley, founder of peer-to-peer lending platform ThinCats said: “Savers now face an impossible task in finding a savings product capable of beating inflation,” (Morning Star)

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Northzone raises €300m fund and is eyeing London FinTech start-ups

A European venture capital firm which has previously backed Spotify, iZettle and London fintech startup MarketInvoice, has launched a new multi-million pound fund to plough into tech startups across Europe, including the UK in another vote of confidence in the country after Brexit. (CITY A.M.)

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Why debt crowdfunding platforms must evolve to support scaling businesses and rejuvenate a tired crowd

Setting the global benchmark for alternative finance, Britain’s effective embrace of peer-to-peer lending platforms has secured debt crowdfunding as one of the leading sources of non-institutional growth capital for SMEs. (City A.M.)

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Britain could have its own Google - but it will probably take decades

Whoops, there goes another one. Five years ago it was Autonomy, the software giant bought by Hewlett Packard for £7.5bn. (The Telegraph)

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Alternative lender in SME space joins bankers association

Stockmarket listed alternative SME funder Just Loans Group has become the first alternative commercial lender to become an Associate Member of the British Bankers’ Association. (AltFi)

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Click here for more news and insights from the world of Alternative Finance and FinTech


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