We hesitate to say it’s “business as usual”, since we’re not alone in wondering what “usual” is nowadays. It’s certainly not “normal”…
In any event, recent figures from government quango, Innovate Finance, as reported by our friends at AltFi, indicate that volume has picked up in the alternative-finance sector.
“The United Kingdom attracted £432m ($564m) of new venture capital investment in the first six months of 2017 representing an uptick of 37 per cent compared to the same period in 2016, according to research from Innovate Finance.
Alternative lending, challenger banks and wealth management were the top three investment verticals for UK fintech investments with notably large cash raises from Atom Bank, Funding Circle and Monzo.”
Money&Co.’s latest A-rated loan offering is has a current gross yield of over 8 per cent. It closing this afternoon.
The average return achieved by Money&Co. lenders is just over 8.6 per cent – before deduction of our one per cent fee – in the three years and nearly £10 million of loans facilitated on our platform. More new offerings will be announced shortly.
In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.
If you haven’t made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment. Capital is at risk, once loaned.