Latest crowdfunding news
On-Trend: Another Direct Lender Forges Banking Link
Landbay is a FinTech lending platform with an exclusive focus on real-estate-related loans. Now it has a mystery backer, as it explores the institutional route to expansion. That type of link-up is very much on-trend in the direct lending sub-sector of Fintech.
Buy-to-let mortgage lending platform Landbay this morning announced a funding partnership with an unnamed UK bank.The partnership will see the deposit-taking bank fund mortgages originated by Landbay, with mortgages held on the bank's balance sheet.Landbay declined to reveal which bank the partnership is with, but said the move would help to further strengthen the platform's institutional funding and allow it to launch new lending products.Historical Performance And IFISA Process Guide
- Money&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee).
Latest from our blogs
Where Are We Now? And Where Are We Going? Nicola Explains
As times get tough, we have to innovate. Here's a take on where we are and where we're going: Money&Co. CEO, Nicola Horlick, explains the future as she sees it to our friends at P2P Finance News:
- The coronavirus crunch has made it harder to find small- and medium-sized enterprise (SME) loans that are "safe options" for peer-to-peer investors, Money&Co. founder Nicola Horlick has said.
- "It should also be remembered that the economy was already slowing before the pandemic due to the uncertainty created by Brexit and that there is still a possibility that the transition period ends with no EU trade deal, which would result in a further economic shock." READ MORE
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