AltFi News - 12.05.17

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world

Assetz Capital attracts £10m of new investment in three weeks


Assetz Capital has seen more than £10m of new investment in peer-to-peer loans following a rise in the interest rate on its 30-Day Access Account. (Bridging & Commercial)

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P2P platforms predicted to shift to hybrid models

UK peer-to-peer lending platforms are poised to shift towards hybrid models to stay afloat, a financial services think tank claimed on Monday. (Peer2Peer Finance News)

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ArchOver calls for “change in mind-set” on business debt

ArchOver's chief executive has called for a change in mind-set around debt as a tool for growth, after new data showed that poor consumer demand and rising cost pressures have weighed on British businesses. (Peer2Peer Finance News)

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Flender the lender seeks splendour with UK launch

Peer-to-peer lending start-up Flender is seeking to get €1 million in funding and is targeting a UK launch after getting full authorisation from the Financial Conduct Authority. (Banking Technology)

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Banks to reap £50m from fintech sell-off

Britain’s six biggest mortgage lenders are set to share a windfall of at least £50m after putting a financial technology business up for auction. (The Times)

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Upstart challenger banks eye consolidation

"Today represents a decisive moment when we take a step to a new banking system that works for Britain,” proclaimed George Osborne, the then-Chancellor of the Exchequer, on the day the Independent Commission on Banking published its final report. (Telegraph)

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InsurTech startup InsureStreet gets £512,000 in Angel funding

InsurTech startup InsureStreet has raised £512,000 in Angel funding. The London-based firm was backed by various investors including serial entrepreneur Vin Murria, Charles Burgess, Christopher Raymond McKee, Nick Martin and Catherine Hardiman. (Tech City News)

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