News Briefing - Crowdfunding, SME And Alternative Finance

Construction workers eat lunch 200 feet up in the air.

1. UK – P2P

 

P2P-Banking.com runs a partial summary of international volume.

 

The table lists the loan originations of p2p lending marketplaces for last month. Mintos leads ahead of Zopa and Ratesetter. The total volume for the reported marketplaces in the table adds up to 420 million Euro.” 


P2P lending volume table withover 40 p2p lending marketplaces loan originations for August 2018. Compare loan originations of European and global p2p lending marketplaces.

2. UK – AltFi

 

BDaily reports:

 

“LendInvest, an online platform for property finance and investing, has secured £150m of initial funding from Nomura, Asia’s global investment bank, and Magnetar, the multi-strategy alternative investment manager.

LendInvest will use the funding for residential development finance, to grow and consolidate its position as the lender of choice for property entrepreneurs.

Nomura and Magnetar now join a range of institutional investors investing in LendInvest’s secured property loans, including Merseyside Pension Fund, a UK-listed fund manager, Citigroup and a number of other banks which include a UK challenger bank.”


LendInvest, an online platform for property finance and investing, has secured £150m of initial funding from Nomura, Asia’s global investment… | London | Funding | Acquisitions | Finance | Technology | Industrial | Investment |

3. UK – AltFi

 

Crowdfundinsider reports:

 

“As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of private sector employment and 22% of turnover. Thus, it is profoundly important that these same small businesses have access to capital to grow and expand.

Simultaneously, these businesses tend to be riskier credit propositions and established banks are frequently not interested in providing riskier loans. A plan in the UK requires that banks who reject SMEs must be directed to alternative finance providers – typically online lenders.  As reported by HM Treasury this past week, to date the Bank Referral Scheme has helped to source over £15 million in funding to British SMEs.

According to Treasury, during the past 12 months, 670 businesses have raised over £12 million of funding through the Scheme, four times what was raised in the previous year. Loans resulting from the program have ranged from just £100 to £1.3 million. The average size of a loan secured was £17,285.”


As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of

4. US – FinTech

 

Crowdfundinsider on the import of the upcoming Bitmain IPO.

 

“The recently announced $3 billion Bitmain IPO has left many crypto enthusiasts excited for the possibility of a legitimate publicly-traded crypto business. However, when a company creates an exit for a high margin cash flowing business, it usually indicates diminishing growth or margins.  This could also indicate a continued bear market for Bitcoin.

Bitmain was founded in 2013 by Jihan Wu (CEO) and Micree Zhan, who came up with an idea for ASIC chip miners, the next generation of CPU and GPU mining chip graphics cards. ASICs allow for faster processing…

 

Bitmain currently manufactures an estimated 70-80% of the ASICs used in Bitcoin mining. Other producers include Intel, Canaan Creative and most recently Samsung.

Besides building chips for Bitcoin mining operations, Bitmain began working last year on an artificial intelligence product (Sophon) to compete with other giants (Google, Nvidia).

Bitmain also owns and operates Antpool and BTC.com, which mine about 42% of all blocks. They also mine an estimated 21% of all Bitcoin Cash, a hard fork of Bitcoin occurring on August of 2017.”


The recently announced $3 billion Bitmain IPO has left many crypto enthusiasts excited for the possibility of a legitimate publicly-traded crypto business. However, when a company creates an exit for a high margin cash flowing business, it usually indicates diminishing growth or margins.  This could

5. International – P2P

 

Free Malaysia Today reports:

 

“Indonesian ride-hailing and online payment company Go-Jek said on Tuesday it will partner with three peer-to-peer (P2P) lending firms as the startup looks to expand its financial technology services in Southeast Asia’s biggest economy.

Go-Jek, whose backers include Alphabet Inc’s Google and China’s Tencent Holdings, has grown rapidly since launching eight years ago in Indonesia, a country with a population of more than 250 million people.

The company already offers a wide range of app-based services outside of ride-hailing, such as food delivery or movie tickets, as it competes with the other main ride-hailing app operating in Indonesia, Singapore-based Grab, which bought the Southeast Asian business of Uber Technologies earlier this year.”