Credit, Collections & Insolvency News
Online business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…
Read more
Business Peer to Peer lender ArchOver has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. Proving that the appetite for P2P…
Read more
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in August, compared with the same month last year. The plant and machinery finance sector reported new business up in August by 4% compared with the same month in 2016, while…
Read more
The British Business Bank, the UK’s national economic development bank, has published The Benefits of Diverse Finance Markets for Smaller Businesses, a report that provides a fresh analysis of the need for greater choice for the UK’s smaller businesses looking for finance to grow. The report explains why and how the Bank works to help increase…
Read more
European Fintech event LendIt Europe has announced the finalists for its 2017 PitchIt competition. LendIt’s PitchIt competition this year hosted and co-organized by Startupbootcamp FinTech, sees the very best of Europe’s fintech startups going head to head to compete in front of some of the biggest VCs in technology. The LendIt event will be taking…
Read moreLendInvest has appointed Ian Boden as Sales Director. Boden joins LendInvest with over 35 years’ experience in financial services, specialising in buy-to-let and commercial mortgages. During his career, Ian has held a variety of roles from wealth management and customer relationship management to senior management positions. Most recently, Boden was head of commercial mortgages and…
Read moreAlternative business funding provider, ThinCats, has recruited an Origination Manager for Scotland. Geoff O’Brien will be the key contact for Scotland, leading all new business origination across the region. O’Brien has significant, relevant experience for the position, through his Director level roles at the likes of Santander and Clydesdale Bank, specialising in Business Development, supporting…
Read more
European conference, LendIt Europe has announced a unique partnership with SeedInvest, a leading equity crowdfunding platform, to enable delegate investment live from the conference floor at this year’s event. The live fundraising feature, which will be an industry first in Europe, will allow eight of the PitchIt finalists to raise money immediately at the event…
Read moreThe Association of Short Term Lenders (ASTL) has today announced its new executive committee for the upcoming year. The new board will take effect as of the 1st September 2017. The board will continue to comprise seven directors who will act as a guiding influence, while providing direction and decision making to the Association. Benson Hersch,…
Read more
SMEs are increasingly concerned over their ability to gain funding in the run up to Brexit, a survey has revealed. The study, commissioned by specialist insurer Hiscox, has found that recent economic and political uncertainty has adversely affected business confidence, and caused concern for the future as Britain’s withdrawal from the EU becomes nearer. This…
Read moreBusiness Peer to Peer lender ArchOver has appointed Nick Jones as Regional Director. He will be responsible for growing the business’s network of borrowers across the Thames Valley and Chiltern areas as part of ArchOver’s aim to lend more than £60 million by the end of the year. Jones brings nearly 40 years’ experience in banking…
Read more
Business Peer to Peer lender ThinCats has announced that the company has been granted full authorisation by the Financial Conduct Authority. The company says that authorisation paves the way to offering a full spectrum of smart investment products, with a number of developments planned including the launch of a ThinCats ISA, subject to obtaining ISA manager…
Read more
Amicus Property Finance has announced a record month of lending in July at £72 million. The firm has cited a confident and buoyant short-term property lending market as well as having expanded its offering further across the country with the opening of the Manchester office last year as key factors. July’s record figure covers a regional…
Read more