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11th October 2018

Goji reaches £100m in assets  and partners with SimplyBiz

Goji, the investment manager and platform focused on Direct Lending, today announced it has reached over £100 million in assets on its platform, aiding Goji's mission to open-up the Direct Lending sector to advice. This milestone coincides with Goji becoming a partner of SimplyBiz, the largest adviser-support network in the UK.

Direct Lending is the world’s fastest-growing asset class, yet little of that is advised – it is mostly institutional money or direct investors using one of the large P2P lending platforms. Advisers have been cautious of the asset class, perceived as relatively new and untested, but in light of recent HMRC figures in September 2018, as well as the growing assets on the Goji platform, the tide appears to be turning.

9th October 2018

Capify set to drive over £125 million into the UK SME market

Capify, an alternative SME finance provider that has helped almost 10,000 UK SMEs to grow and to thrive is eyeing a £125 million+ funding target over the next few years, as it celebrates 10 years in business.

Set up during the height of the credit crunch in 2008, Capify, based in Greater Manchester, has defied the odds to help almost 10,000 SMEs and retailers to raise funding, delivering much needed access to working capital in the form of merchant cash advances and alternative business loans to benefit the UK economy.

2nd October 2018

Idinvest completes three transactions as part of €330m direct lending investments

Idinvest Partners, a leading investor in SMEs across Europe, has announced that its Private Debt team has financed three direct lending transactions as appetite for non-bank funding solutions continues to grow.

26th September 2018

Thincats announces £300 million funding programme for UK SMEs

Thincats has announced a new programme for up to £300 million with global asset manager Insight Investment to fund UK SMEs with commercial loans.

On top of £300m from existing investors, Thincats now has a potential £600 million to fund UK SMEs across the full risk spectrum in all regions and sectors from £100,000 to £10 million. Its lending focus remains on meeting borrowers’ ambitions through funding of up to five years to companies with asset backing or reliable cashflows for working capital, acquisition, refinance or growth.

24th September 2018

Funding Circle targets valuation of up to £1.8bn

FUNDING Circle is seeking a market valuation of up to £1.8bn through its upcoming initial public offering (IPO) on the London Stock Exchange.

20th September 2018

Banking Saas company Mambu extends capacity

Mambu, the SaaS banking engine powering modern digital financial services, has launched Mambu Process Orchestrator (MPO). 

20th September 2018

CrowdProperty first property platform to join P2PFA

CrowdProperty has been accepted as the first property development peer-to-peer lending platform to join the Peer-to-Peer Finance Association (P2PFA)

7th September 2018

CrowdProperty surpasses £20m funding

Having funded the 47th project on the CrowdProperty platform, a total of £20,526,000 has now been raised for the development of 307 homes, demonstrating the potential that CrowdProperty has to materially contribute to the much needed housing supply across the UK as it continues its growth trajectory.

6th September 2018

Q2 2018 sees rise in asset-based lending says UK Finance

UK Finance has published its Invoice Finance and Asset Based Lending Update for the second quarter of 2018.

4th September 2018

Funding Circle set for September float

Funding Circle is rumoured to be planning an initial public offering (IPO) within the next two weeks, according to reports.  The peer-to-peer lender is reported to be gearing up for a stock market listing in the second week of September.

3rd September 2018

£30,000 micro loan for award winning pizza company Ffwrnes

Cardiff Indoor Market is now home to Smokey Pete and Sam Van Tân as award winning Ffwrnes opened their latest venture earlier this month.  A £30,000 micro loan from the Development Bank of Wales will now fund the opening of a permanent base in Cardiff Indoor Market.

23rd August 2018

Daystar Power and Nigerian Bank of Agriculture to electrify rural Nigeria

The Nigerian Agricultural Bank, Bank of Agriculture and the African electricity supplier Daystar Power have entered into a comprehensive cooperation for rural electrification in Nigeria. The cooperation includes the supply of solar power to the bank branches as well as a concept for the supply of electricity to rural Nigeria.

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