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Alternative Finance blog


Is Peer to Peer Lending Going Mainstream?

Is Peer to Peer Lending Going Mainstream?

3 months ago


London 2nd March 2018: dusting off the snow and warming our hands by the fire here’s this week’s round up of what has caught our eyes here at businessagent.com  Peer-to-peer (P2P) lending must be going mainstream, EasyJet founder Sir Stelios Haji-Ioannou, is launching EasyMoney, and a new Innovative Finance ISA (IFISA) with a headline rate of 4.05%. The EasyMoney IFISA will split investor’s funds into multiple property backed P2P loans. More IFISA news, CrowdProperty has also announced that it is launching an IFISA. As a carrot to tempt P2P investors it is waiving all setup and administration fees on funds placed into an IFISA account opened this tax year to perpetuity. CrowdProperty lends to professional property businesses and has a headline rate of 8%.

 

It always catches our eye here at businessagent.com if we see someone new and interesting entering the alternative finance space. Which is why we think Leeds Council’s foray into the sector is worth noting. It is lending to SMEs via rebuildingsociety.com.  The council will review business loan requests from local companies and contribute to loan amounts on the P2P platform when applicants are suitable. Leeds Council has an eye to attractive returns on the money it lends and helping local businesses grow and hopefully thrive is good for employment and local tax take too.  Will more local councils follow?

 

Equity crowdfunding platform news this week hails from a non UK platform. Usually we stick to the UK here at businessagent.com, but it is encouraging for all equity crowd funders to note that three companies that raised money on the OurCrowd platform have been recognised as some of the World’s Most Innovative Companies in the Fast Company List 2018. Insightec, which treats tremors with guided ultrasound; Zebra Medical Vision, which provides lifesaving AI scans at $1 apiece; and Airobotics, a global leader in fully automated industrial drones.  Investors in early stage companies are always hoping that they have happened upon a winner. It is therefore encouraging to see that crowdfunding is making its mark alongside more traditional forms of capital investment like Angel Investors and Venture Capital.

Looking to see the full list of IFISAs available? Or the opportunities open to investors across the UKs equity crowdfunding platforms? Check out our investor section.

Tagged: Crowdfunding Peer to Peer Lending Angel Investors




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