The latest news from the world of Alternative Finance and FinTech
In the news this week
In a bid to encourage FinTech start-ups to remain in the UK, the UK government launched a series of initiatives this week designed to attract more foreign FinTech experts to work for UK start-ups. The £2.5bn Patient Capital Fund aims to support UK companies with "high growth potential" and to enable them to access long-term investment. Also this week, the government-backed Tech Nation programme is calling on the UK’s FinTech start-ups to submit their applications for the organisation’s first dedicated programme, due to start in September.
UK launches £2.5bn startup initiative
The UK government has launched a series of initiatives designed to attract more foreign fintech experts to work for UK startups and to encourage those same startups to remain in the UK rather than uproot to an EU-based neighbouring jurisdiction. (Finextra)
Tech Nation is calling on the UK's FinTech start-ups to submit their applications for the government-backed organisation's first dedicated programme for the fast-growing sector. The programme, due to start in September, is open to early-stage FinTech companies... (BusinessCloud)
LendInvest, the UK’s leading online marketplace platform for property finance, has become a fellow of the Luxembourg House of Financial Technology (LHoFT), the country’s leading FinTech innovation hub. (Finextra)
FinTech firm 'unlocked 45,000 British jobs in 2017'
Funding provided through peer-to-peer (P2P) lender Funding Circle helped unlock a total of 75,000 jobs in the US and Europe, a new report has claimed. Launched in 2010, the global small business loans platform facilitates lending from a range of investors to small firms in the US, UK, Germany and the Netherlands. (BusinessCloud)
A new digital tech job is created every 50 minutes, with the average salary for a job that requires digital tech skills sitting 25 per cent higher than the salary for positions that do not, according to research from Tech Nation
Rolling Market overhaul comes into force on RateSetter
RateSetter’s overhaul of its popular Rolling Market product has come into force on the platform. The ‘big three’ peer-to-peer lender has removed the ability for investors to set their own rate on reinvested funds and altered how returns are paid. (P2P Finance News)
With the country seeming to have gone GDPR crazy in recent weeks, John Lennon’s famous quote came to mind and we couldn’t help but wonder, just for a bit of fun, we promise…. is GDPR bigger than Jesus? Using search volumes as our barometer, the answer for the UK is, er...
How you can use employee advocacy on social media to boost your brand
Whether you are just starting out or you're a fully-fledged industry expert, everyone needs people who promote their brand, their culture and their products or services. For most businesses their first port of call is external sources of praise...