The FinTech Alliance was formed through a partnership with the Department for International Trade (DIT), as a way to promote fintech growth across the country, and to build new fintech bridges.More than 500 companies and individuals from across the UK have already joined, including property lender Landbay, and lending marketplace Funding Xchange.Members can use the platform to access and share insights and news from the fintech sector, and it can also be used to connect with investors, receive updates on the latest policy and regulatory changes, and find new talent.The platform intends to open up to international opportunities soon, with the aim of attracting global investment into UK firms and strengthening the UK's reputation as a global fintech leader.
Loans - Latest NewsThe latest loan from property-backed Seascape is now available. This A-rated tranche yields 8 per cent gross and has a five-year duration.
A Process Guide To Innovative Finance ISA InvestmentMoney&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). That figure is the result of £17 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders' capital is at risk. Read warnings on site before committing capital. The annualised bad rate on Money&Co. loans in five years of trading is under 0.04 per cent.All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.So here's our guide to the process:
Risk: Security, Access, YieldDo consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's one of several earlier articles on security, access and yield.