News Briefing - Crowdfunding, SME And Alternative Finance

crowd of women talking at a business event

1. UK – P2P / Real Estate

TechRound reports:

“Peer to peer (P2P) lending platform The House Crowd is launching a £1m Seedrs fundraising round in order to target three new markets.

The House Crowd began life in 2012 as the world’s first equity-based property crowdfunding platform and has been one of the pioneers in this fast-growing industry. It started crowdfunding buy to let property in 2012 and has evolved into an FCA regulated peer to peer lending (P2P) platform funding multi-million-pound property developments. It has raised over £112m from its twenty-seven thousand plus members.”

2. UK – P2P / Real Estate

P2P Finance News reports:

“LANDBAY is cutting the rates of nine of its products to remain competitive in the buy-to-let market.

The peer-to-peer lender announced on Monday that it has cut the rate of its most popular product – its standard five-year fix – so that it now starts at 3.35 per cent.

The decrease is part of a planned adjustment to 16 products, nine of which see a reduction in rates, refreshing the range for professional landlords.”

3. UK – P2P/IFISA

AltFi reports:

“The value of cash wrapped up in innovative finance individual savings accounts has ‘nearly doubled’ as investors have become used to the new product over the last year.

Small investors have parked £588m across 40,400 accounts by the end of the second quarter of this year, according to trade body the Peer-to-Peer Finance Association (P2PFA).

The compares with around £300m invested in this product 12 months ago across major platforms such as Funding Circle, Ratesetter, Zopa, said the trade body.”

4. International – P2P / Real Estate

The Korea Herald reports:

“Tera Funding, a Seoul-based startup that operates a peer-to-peer lending platform for real estate developers, said Sept. 2 it has raised a combined 22 billion won ($18.2 million) series B round funding from multiple investors.”

5. International – FinTech

AltFi reports:

“Savings products are coming to Monese, powered by Raisin, the European savings and deposits marketplace thought to have achieved a $1bn valuation earlier this year.

The digital banking app announced today that Raisin, with its 500 savings products and connections with over 80 partner banks, will be added shortly to Monese’s Hub of third-party providers.”