Despite bailing them out (and practically owning some of them), the UK government seems unable to force high street banks to begin lending to small businesses again and this is causing a big problem for the economy — the wheels of capitalism won’t grease themselves. The latest solution coming out of the Department for Business Innovation & Skills is to board the P2P lending train.
The UK… → Read More
Crowdsourcing and crowdfunding have been two of the biggest trends to affect how businesses — especially small businesses and sole traders — raise money, with sites like Kickstarter.com and in the UK Funding Circle attracting a attention for being a great way of getting backing for projects or business ideas bypassing the traditional and expensive world of bank loans in the process.
Now a… → Read More
Some great news for small business owners, and perhaps a sign of more crowdsourced funding coming to the U.S. soon: the UK startup Funding Circle — a Kickstarter for small businesses — has just announced that it has raised a $16 million round of funding to further build up its business of enabling non-bank lending to small businesses.
The investment included participation from existing… → Read More
Funding Circle, the peer-to-peer lending site for small businesses in the UK, has raised £2.5m in a Series A round led by Index Ventures. Unnamed co-investors as well as existing shareholders have also participated, while Neil Rimer, co-founder and Partner of Index will take a seat on the Board. Before today’s round, the London-based company was Angel funded to the tune of $1.1m from private… → Read More
Funding Circle, the peer-to-peer lending site for small businesses in the UK, has raised £2.5m in a Series A round led by Index Ventures. Unnamed co-investors as well as existing shareholders have also participated, while Neil Rimer, co-founder and Partner of Index, will take a seat on the Board. Before today’s round, the London-based company was Angel funded to the tune of $1.1m from private… → Read More
RateSetter, the UK peer-to-peer lending site that competes with Zopa and, less directly, Funding Circle, has announced that it has seen £1 million lent through its platform since the site launched just two months ago. That’s a fairly big number, although perhaps a reflection of the lousy interest rates offered by high street banks at the moment and the hard times people are facing. → Read More
Funding Circle is a newly launched peer-to-peer lending site in the UK with a number of heavy-weight backers including Andy Homer, Chief Executive of Towergate Partnership, and Jon Moulton, the founder of private equity firm Better Capital and former managing partner of Alchemy Partners.
A sort of Zopa-for-small businesses, the ‘social lending platform’ facilitates loans to SMEs instead of… → Read More
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