P2P Crowdfunders Leap To £2bn - But Banks Fail "Inexcusably"


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P2P finance is on the up - thankfully for SMEs

The UK's peer-to-peer (P2P) finance sector continues to expand - at an even faster rate than previously thought. According to market data published by Alternative Finance (Alt Fi), a media outlet that monitors alternative finance sectors, including crowdfunding, cumulative lending has doubled since last December.

Major platforms have now lent a combined total of more than £2 billion, having reached the £1 billion milestone nine months ago, according to the recently published figures, compiled in conjunction with boutique investment bank, Liberum.

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What Alt Fi calls P2P business lenders (and Money&Co. prefers to term person-to business or P2B lending) has done particularly well., accounting for 49.4 per cent of the P2P total.

Commenting on the figures, Money&Co. CEO Nicola Horlick said: "These figures shows how robust and dynamic this sector is. Properly managed crowdfunding, with a diligent and careful credit-analysis process, and stringent risk analysis can and does provide a viable and beneficial alternative source of funds for the small and medium-sized enterprises that are the lifeblood of the UK economy. It is just as well that our sector is performing so strongly, as the banks have totally and inexcusably failed companies in search of credit and investors in search of a worthwhile return for their cash."

Money&Co. currently features an A-rated borrower offering an indicative gross yield of more than 7 per cent. For detail, click here.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.