The latest news from the world of Alternative Finance and FinTech world
In the news this week
Great news for the P2P lending industry this week, as data from 4th Way showed that lending across all P2P platforms is on course to jump 20% on last year. ArchOver backed this data up, revealing that they’ve nearly doubled their overall lending in the first nine months of this year. Elsewhere, Zopa is close to finishing its new bank, as CEO Jaidev Janardana announced they are “pretty close to finishing all of the composite parts of the technology build.”
P2P lending on course for 20 per cent jump
Lending across all of the peer-to-peer platforms in 2017 to date is already higher than in the whole of 2016, according to data from research agency 4thWay.(FT Adviser)
Zopa is 'close to finishing' building its new bank
Online lender Zopa is close to finishing building the tech it needs to launch a full bank, according to its CEO. "In terms of building, we are actually... (Business Insider UK).
ArchOver on course for record year of P2P lending
ArchOver, the P2P business lending platform, has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. (CCR)
London FinTech star Monzo is fending off one takeover offer each month
Monzo, one of London's biggest FinTech success stories, is fending off a takeover offer every month as larger rivals try to get their hands on a slice of its ultra-hip clientele, its co-founder has said. (City A.M.)
RateSetter will return to profit next year, says CEO
RateSetter will return to profit next year, its chief executive and co-founder has said. The peer-to-peer lender was profitable in the financial years ended 2014 and 2015, but has fallen into the red since then, as it has invested heavily into scaling up the business. (Peer2Peer Finance News)
Peer-to-peer lender Lendy Finance applies for City watchdog authorisation
The city watchdog is said to be looking into accounts of peer-to-peer lender Lendy Finance, according to The Telegraph, as it applies for authorisation. The UK's peer-to-peer lenders will soon have to disclose more detailed information about how much investors have lost on loans. (Business Insider UK)
The Marketing Eye says
Analysis: FinTech vs Top 500 UK Websites
Following on from my previous analysis piece on the Insurance and InsurTech market's websites against those of the Top 500 UK sites, I thought it was about time we did the same for FinTech/Finance/Altfi sites.
Content creation vs. content curation
Producing enough content to keep your audience engaged is a challenge, especially for SMEs and startups. In our previous blog post ‘Content marketing for social media’ we looked at why you should set up a...
Need help with marketing?
Contact us today and we can help you develop a marketing strategy that drives quality engagement in your business.
Take our instant marketing healthcheck
Simply answer a few questions and you'll receive an assessment of your current performance and specific advice on where your marketing focus should be.