The latest news from the world of Alternative Finance and FinTech world
In the news this week
The multi-billion pound peer-to-peer industry has brought together some of the very best in banking and technology - Peer2Peer Finance News has put together a comprehensive list of the top 50 influencers in the P2P sector and the rising stars to look out for in the future. Lendy records an impressive rise in profits as it plans for growth, ThinCats launches a £200m SME funding programme and London-based fintech Nebeus plans the launch of its P2P lending platform.
The P2P Power 50 The P2P Power 50
Peer-to-peer lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.(Peer2Peer Finance News)
Fintech awareness is surprisingly low in the UK
Despite the high number of UK consumers who use financial products and the extent of financial services penetration in the country — 91% of people across the UK have a current account, and ... (Business Insider UK).
Lendy, the UK P2P property platform, has increased its pretax profits by 164% over the last year, rising from £1.04m to £2.74m, while turnover increased 104% over the same period, going from £13.5m to £27.5m. (Crowdfund Insider)
£200m UK SME funding programme launched by ThinCats
The launch of the SME funding scheme by ESF and ThinCats will support loans from £100,000 right up to £5m for leaders looking for an injection to take their companies to the next level. It comes as the lender looks to scale over the next two years. (Real Business)
Nebeus plans P2P platform as part of ICO campaign
London-based fintech platform Nebeus is planning to launch a peer-to-peer lending platform as part of its initial coin offering (ICO) campaign. (Peer2Peer Finance News)
Brits like getting into debt, but don’t get it
New report from alternative credit bureau underlines lack of financial maturity among the indebted. Aire, an Artificial Intelligence (AI) powered credit reference agency, has published a new report on consumer debt. Amid growing concerns over the state of consumer credit conditions in the UK, the report identifies more signs of trouble. (AltFi News)
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.
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