AltFi News - 19.10.18

The latest news from the world of Alternative Finance and FinTech
In the news this week
Driven by FinTech, UK start-ups remain Europe’s premier investment hotspot for venture capital firms. Data compiled by KPMG Enterprise revealed the UK remained at the top of the charts drawing in £1.4bn in the three months to September, more than double its next closest rival. Elsewhere, a new report released by Deloitte and Innovate Finance has found that 89 companies have been accepted to test their products and services through the FCA’s regulatory sandbox, while London’s status as a hub for technology and finance has seen it complete 238 deals with the US in the first half of 2018.
UK startups hold onto Europe's venture crown with £1.4bn in funding



UK startups continued to draw in attention from venture capital (VC) firms in the third quarter as Europe’s premier investment hotspot, posting a £1.4bn total draw in the three months to September compared to £1.31bn in the same quarter last year. (City A.M.)
fca sandbox
The FCA's fintech sandbox is already delivering value
Since the UK’s Financial Conduct Authority (FCA) launched its regulatory sandbox in 2016, 89 companies have been accepted to test their products and services. Now, a newly released report by Deloitte and Innovate Finance has found that companies that have been in, or are still journeying through, the FCA’s sandbox believe it has delivered real value. (Business Insider)
London's status as a tech hub helping drive transatlantic deals
London's status as a hub for technology and financial services is helping drive a strong flow of deals between the US and the UK according to audit firm Deloitte. Deloitte said deal volumes between the UK and US “remained buoyant” in the first half of 2018, with 238 completed deals in the period. (City A.M.)
What we’ve seen in Search
Search levels continue to sit slightly above previous years with mobile now accounting for more than 62% of the volume.
credit card search trends
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AXA rebrands £55 million fund to invest in fintech
AXA Investment Management is restructuring its £55 million Framlington Financial fund to invest in fintech companies. Initially launched in 1986, the Framlington portfolio currently holds investments in top tier banks, with a bias to North American equities. (Finextra)
Alternative finance platform tops £250m lending
Peer-to-Peer finance platform for local, rural and SME businesses Folk2Folk has passed £250m in lending. The lending milestone has been reached thanks to a growing community of individual Lenders who have placed £20,000 or above on FOLK2FOLK’s platform. The average lent per lender on the platform, which is based in Launceston, Cornwall, now exceeds £275,000. (Insider Media)
Stat of the Week
47 percent of SMEs would move to a challenger bank, digital bank or non-banking brand if they did decide to switch, more so than an established banking brand.
Ablrate to launch blockchain-powered secondary market
Asset-backed lender Ablrate is developing a blockchain-powered secondary market that will eventually be accessed by multiple peer-to-peer platforms and investors across the world. (P2P Finance News)
Assetz to launch new property crowdfunding platform
Wythenshawe-based peer-to-peer lender Assetz Group is to launch a new property crowdfunding platform, Assetz Exchange, in the fourth quarter of 2018. Part of the Assetz group of businesses, which includes Assetz Capital, it will allow users to invest in a range of properties, from student accommodation, privately-rented houses and apartments, to affordable housing. (The Business Desk)
Tweet of the Week
fintech tweet of the week
The Marketing Eye says
Why should I monitor my market?
There are all sorts of theoretical reasons why you should keep a firm handle on your competitors and your market, but even if you’ve no intention of ever reading a marketing text book, monitoring your competitors and other developments in your industry provides a wealth of information that you can use in really practical ways...
What is the best way to spend my marketing budget?
This is a question that we get asked a lot and while it's understandable that people are looking for a single, unambiguous answer, the reality is it's influenced by many factors ranging from the nature of the product or service to where the business is in its life-cycle...