In the news - 18.09.15

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech

New funding platform for SMEs in Leeds City Region launches

SMEs will be provided with a much easier way to navigate over 70 traditional and alternate funders to find the right lender for their circumstances. Working in partnership with the Leeds City Region Enterprise Partnership (LEP) and professional services firm PwC, the Finpoint funding platform has been launched to provide a new way for SMEs to find the finance in order to grow their business. (Bdaily)

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H1 2015 accounts for 50% of all fintech investment since 2010

A total of $12.7bn was invested in global fintech during the first half of 2015, which equates to 25% of the total invested since 2010, research from consulting firm William Garrity Associates has found. (Tech London)

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Zopa doubles revenue in peer-to-peer boom

Peer-to-peer lender Zopa saw its revenues double last year as more savers and borrowers used its platform – but its losses also doubled as the business hired more staff to prepare for its planned future growth. (The Telegraph)

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Hargreaves Lansdowne to launch their own P2P lending platform

Hargreaves Lansdowne has confirmed plans that it will build its own P2P lending platform.  Rumours began in December 2014 and were fuelled in early 2015 when Chief Executive Ian Gorham made positive comments on HL’s participation in the sector, explaining that “This is a market that is a very good idea but it’s very sub-scale and if there’s one thing Hargreaves can bring, it’s scale.” (AltFi)

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Challenger banks pushing Treasury to ease banking tax

Banks such as Metro and Secure Trust met officials amid fears that the 8% surcharge could stifle competition in the banking sector. (The Guardian)

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60% of small businesses say it's too expensive to borrow

The majority of SMEs in the UK say it is too expensive to borrow. According to a study by working capital market, C2F0, 59% said it is too expensive or time-consuming to look for a traditional bank loan. (Fresh Business Thinking)

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New Alternative Finance radio show announced

Share Radio has announced the arrival of a new program – “The Crowdfunders Show” sponsored by ArchOver. The show will air weekly and cover all forms of Crowdfunding and “Crowdlending”. Split into four separate programs, the broadcast will feature leading industry players, commentators and journalists. The aim is to provide a well-balanced and informative insight into the world of alternative finance. (AltFi)

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