News Briefing - Crowdfunding, SME And Alternative Finance

business people at an event, Karl Lagerfeld lookalike uses laptop

1.UK – P2P

Peer2Peer Finance News reports on industry reaction to upcoming business terms:

“RATESETTER’S chief executive Rhydian Lewis (pictured) has welcomed incoming rules that limit everyday investors to putting no more than 10 per cent of their portfolio into peer-to-peer loans.

The new Financial Conduct Authority (FCA) regulations bring P2P lending into line with other mainstream savings and investment choices, Lewis said in an article on business networking site LinkedIn.

P2P lending is now a “logical component” of any investment portfolio, Lewis said. He suggested that in time the 10 per cent limit may be considered a target for investors.

“The 10 per cent is described as a limit but it could also become a target: in time, why wouldn’t everyone have 10 per cent of their money in our asset class?”, Lewis said.”

2. UK – P2P


Wellesley has launched a new investment platform tailored for listed bonds, as it winds down its legacy peer-to-peer offering, according to Peer2Peer Finance News

“The alternative property finance provider began offering the Wellesley Property Bondon Thursday, which is listed on Euronext Dublin.

The ISA-eligible bond has a minimum investment of £1,000. It offers a one-year fixed rate at three per cent or three-year term paying annual interest of four per cent.

“Following on from our enhanced regulatory permissions received earlier this year, we are evolving our product offering exclusively towards listed bonds,” Wellesley said in a blog post on its website.

“As part of this progression…we’re excited to launch a new investment platform that will enable customers to invest into our listed bonds directly with Wellesley.”

3. UK – AltFi


LCF latest: The Sunday Times unearths a case dropped in California 12 years ago.

And Bond Review looks at compensation options, plus its best guesses as to what’s happened to the cash.


4. UK – AltFi

The Guardian reports a potential change to gifting provisions in IHT.

5. International – FinTech reports an extremely bearish assessment of the crypto market: "Given enough time, everything withers and dies," 

46% of Last Year’s ICOs Have Failed Already”.

6. International – FinTech

Bitbond, an online lender that is in the midst of a security token offering (STO), is in discussions with the Gibraltar Stock Exchange (GSX), according to Crowdfundinsider.

Bitbond manages a lending platform that describes itself as “the first cryptocurrency based lending platform for business loans that operates globally. Small companies may get financing in as little as 30 minutes. Founded in 2013, Bitbond is now originated over $1 million in small business loans each month. Bitbond has a long been regulated by German regulator BaFin.”