Coffee, Debate And Disruption - See Nicola Horlick At Business Cloud Breakfast


  Come to breakfast with us later this summer. It promises to be a fun event: coffee and Danish, debate and disruption are all on the menu. Five speakers from the world of FinTech have been confirmed for BusinessCloud's The Future of FinTech event, held in association with FinTech intelligence platform Another Crowd, and Money&Co., in London on 12 July. Money&Co. readers can get a discount on tickets for this event - see below. Here's how our partner for this event, the leading business magazine and media platform, Business Cloud, reports the breakfast:

Nicola Horlick, a former investment banker turned high-profile player in the peer-to-peer (P2P) lending market, is the headline speaker for the breakfast event.

The 'superwoman' will be joined by entrepreneur Adam Ward, who is the co-founder and CEO of Airtime Rewards.

The Manchester and London-based company has developed a mobile loyalty app which rewards users with money off their mobile phone bill as they shop at selected retailers.

It has recently raised £1 million from investors, including £750,000 from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund managed by Maven Capital Partners.

Also speaking at our breakfast event this summer will be Muhammad Asim, CEO of Marq Millions (which trades under the Arro Money brand); Tim Kimball, chief technology officer at Aire Labs, a credit assessment service; and John Battersby, head of communications and policy at P2P lender RateSetter.

P2P lending and crowdfunding has revolutionised the world of FinTech, which is now worth £20bn and has become a magnet for start-ups and entrepreneurs in the UK.

The REAL 2 A-rated loan offer is closing in two days. This three-year loan has an indicative gross yield of 8 per cent, and a current yield of 10.6 per cent. This will very probably diminish, based on the performance of previous loan offers at auction, as the offers of less expensive credit drove out the more expensive ones as the auction close approaches. The borrower also has discretion to reject offers of credit that it considers too expensive. As with all offers on site, this loan is eligible to be held in a tax-free Innovative Finance Individual Savings Account. See below for more on the process of holding loans in an ISA.

A Process Guide To Innovative Finance ISA Investment

Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable. So here's our guide to the process:
  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you've put cash in your account it will sit there - and it won't earn interest until you've bought a piece of a loan. It's this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans - all loans on the Money&Co. site can be held in an IFISA - and your money will start earning tax-free interest.
The ISA allowance for 2018/19 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We're assuming a 7 per cent return, net of charges and free of tax here. Once you have made your initial commitment, you might then consider diversifying - buying a spread of loans. To do this, you can go into the "loans for sale" market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's one of several earlier articles on security, access and yield.

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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.