Credit, Collections & Insolvency News
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,…
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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…
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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…
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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…
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LendIt Europe, Europe’s fintech and lending conference, and Startupbootcamp FinTech, the leading global FinTech accelerator, have today announced the judging panel for thesecond annual PitchIt Europe competition. Representatives from Venture Capitalists: Seedcamp, Blenheim Chalcot, CommerzVentures, and Balderton Capital will form the judging panel of experienced VCs from and around Europe. Collectively, these four firms are…
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Peer-to-Peer (P2P) business lending platform ArchOver has become a member of UK Finance, the newly created trade body for financial organisations in the UK. Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group. The membership reinforces ArchOver’s ability to help midmarket businesses…
Read moreThe Federation of Small Businesses (FSB) is calling for improved lending standards and an enhanced British Business Bank (BBB) in support of new recommendations from the Banking Futures initiative. FSB is urging all banks to sign-up to the Lending Standards Board (LSB)’s standards of practice for business customers, as set out in the ‘Banking Small…
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Star Asset Finance (SAF) has continued its consolidation of the SME asset finance market by completing the acquisition of Credo Holdings. Norwich-based Credo was established in 2005 as an independent provider of asset finance. The company has a growing own-book portfolio, coupled with brokered finance supported by a number of industry funders. Specialising in hard and soft…
Read moreBusiness Peer to Peer lender, ArchOver, has announced that it has been awarded membership of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending. The ABFA represents over 95 per cent of the UK and Irish asset-based finance market, working to set and maintain ethical standards within the industry. ArchOver’s…
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The NACFB has announced the appointment of Graham Toy as Chief Executive Officer. Toy joins the organisation as a permanent replacement for interim CEO, Rob Lankey, who left the Association recently at the end of his interim posting. Paul Goodman, Chairman of the NACFB said “Graham joins us at an important time for the NACFB.…
Read moreJohn Brooks has joined alternative lender Thincats as Business Origination Manager. Brooks joins the company from Natwest and having spent 42 years working with UK businesses – 30 years of which he spent working within different areas of the SME market. The past 12 years have seen John specialising in the professional services sector in…
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