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15th August 2018

County Finance Group made accredited partner for EFG programme

The British Business Bank has announced that it has accredited Lutterworth-based County Finance Group for the Asset Finance variant of the Bank’s EFG programme. This will enable County Finance Group to offer additional asset finance to smaller business looking to acquire equipment or machinery to boost their growth.

10th August 2018

Zopa secures £44m in fundraising as IPO rumours continue

ZOPA has raised £44m in the first stage of a new fundraising round, in the latest sign that the peer-to-peer lender is preparing to go public.

6th August 2018

Foresight extends debt funding line into Reward Finance Group

 

Funds managed by Foresight Group LLP have provided an additional £10 million extension to bolster the original £40 million secured loan note facility which was agreed in September 2017 for Reward Finance Finance Group Limited.

 

1st August 2018

P2PFA response to FCA proposals for P2P lending sector

The Financial Conduct Authority has  published the next stage of the post-implementation review of peer-to-peer lending regulation.

 

1st August 2018

Esme Loans partners with Pollen Street Capital to expand SME offering

 

Esme Loans, the digital lending platform for SMEs and scale up businesses, today announced that it has entered into a partnership with Pollen Street Capital, a London-based private equity and credit manager, further enhancing Esme’s ability to serve UK SMEs.

26th July 2018

MEIF investment supports OnLogistics' aerospace expansion

Tamworth-headquartered logistics firm OnLogistics is set to expand a number of its divisions, after receiving £350k from the Midlands Engine Investment Fund (MEIF).

24th July 2018

P2P industry must look outside of London

PEER-TO-PEER lenders must extend their reach to businesses beyond London as the UK’s regions continue to be underserved by finance, according to the UK’s first small business commissioner.

24th July 2018

City of London Group teams up with CODE Investing to support UK SMEs

City of London Group, the parent company of a group focused on providing finance to the SME sector and home reversion plans in the UK residential property market, and CODE Investing, the institutional marketplace for SME debt, have announced a strategic collaboration to support the growth of UK small businesses. COLG will aim to complete £50 million in UK small business loans over the next four years originated through CODE Investing.

19th July 2018

Wistia raises $17 million to buyout investors

Wistia, a video software provider for small and medium-sized businesses, has raised $17.3m in debt to pay back its angel investors, allowing it to remain true to its founders’ principles of being creatively-driven, long-lasting and independent.  “The decision was one of the most important in Wistia's history,” said Chris Savage (pictured), Chief Executive Officer and Co-founder, Wistia. “Our goal was to realign everyone involved in Wistia on the same vision.”

17th July 2018

Economic Intelligence Wales to address gap in Welsh SME finance data

Economy Secretary Ken Skates has launched a new research unit tasked with addressing the gap in Welsh SME finance data.

Economic Intelligence Wales, a new collaboration between the Development Bank of Wales, Cardiff Business School and the Office for National Statistics, was formally launched by the Economy Secretary at an event held at the Royal Mint in Llantrisant at the end of last month.

16th July 2018

Maven leads £2.8 million investment in Lending Works

Maven Capital Partners has completed a £2 million investment in Lending Works, a leading UK peer-to-peer lender. The total transaction value also includes £800,000 of funding from NVM Private Equity, Pollen Street Capital, and a small number of business angels. The investment will be used to strengthen Lending Works’ sales and marketing function to support the continued expansion of the business, capitalising on the significant growth forecasted in the P2P market, and enabling it to originate and convert more loans through its established sales channels, such as brokers and price comparison sites.

11th July 2018

Alternative finance secures future of Mumbles Pier

A 19th-century icon of the Welsh coast is being developed for the 21st century, thanks to funding from alternative finance provider ThinCats.

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