The AltFi Challenge To Banks – Plus IFISA Latest


Our friends at Growth Business UK remark on the state of the alternative financial industry’s challenge to mainstream banking.

Growth Business

“Banks no longer hold a monopoly on finance, with new products such as crowdfunding and tax-efficient investment schemes allowing businesses to access vital growth capital without the added burden of time-consuming regulatory red tape. For Britain’s thriving community of scaling SMEs and start-ups, alternative finance is claiming an ever-increasing share of the growth finance market. The fluidity and speed offered has been vital in supporting Britain’s bustling community of businesses, ranging from early-growth start-ups to more established SMEs.

“With the level of business awareness towards alternative finance rising through government and industry programmes, debt and equity crowdfunding platforms will continue to claim a growing share of the scale-up economy. The market has grown from £1.7 billion of loans, investments and donations in 2014 to £3.2 billion last year.

“According to innovation charity Nesta, debt crowdfunding could be worth more than £12 billion in less than ten years, assuming that demand for investors and innovative start-ups continue to grow.”


There will be more evidence of our own contribution to this movement in the near future. New loans are expected on site very shortly, with Money&Co.’s Innovative Finance Individual Savings Account to follow.


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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.