1.UK – P2P / SMEs
Smaller companies are looking more to alternative finance providers for funding, according to research reported by Peer2Peer Finance News.
“NEWLY established small and medium enterprises (SMEs) in the UK are increasingly looking to alternative financing to meet their funding needs, new research has revealed
According to the survey from business lender ThinCats, only 31 per cent of SMEs under 10 years old will approach their bank first when seeking funding, compared to 61 per cent for businesses established between 10 and 20 years ago. This figure rises to 71 per cent among businesses which have been established for 35 years or more.”
2. UK – P2P
Another funding platform folds. Peer Funding has not traded for some time, and has failed to attract external investment into the business.
3. UK – AltFi
Assetz Capital makes a new hire.
4. US – P2P
A positive note on Lending Club from Seeking Alpha after recent figures.
5. US – FinTech
Business Insider looks at Lendio.
6. International – FinTech
Crowdfund Insider carries a feature interview with a French luminary.