Our friends at P2P Finance News recently asked for an update on our progress. We’ve re-focused our lending efforts into key, niche, asset-backed areas.
Money&Co is looking to expand its lending into TV and film rights as well as other areas of legal finance such as divorce.
The peer-to-peer business lender has already pivoted into the niche areas of music loans and litigation finance, and chief executive Nicola Horlick said she is keen to explore other specialist segments of the market.
“TV and film rights are other areas that we can lend in, and there’s a vibrant market in selling the rights,” she said.
“I think that’s the next area I’ll be investigating along with other areas of legal finance. There are still divorces, housing claims and perhaps more with the recession.”
Horlick told Peer2Peer Finance News in June that the platform was lending with caution even prior to the pandemic, due to concerns about a Brexit-induced economic downturn. It decided purely to offer secured loans, focussing on music loans and litigation finance.