David Prosser, regular blogger and columnist in The Independent and Forbes (where recently he profiled Money&Co.’s CEO, Nicola Horlick, after attending a lenders’ breakfast at Bruton Place) writes with his customary vigour and accuracy about UK crowdfunding and its increasingly mainstream status. The piece, in today’s Independent, is especially good – without delving into detail – on the importance of regulatory issues.
The “news peg” – the event that spurred David’s interest, and prompted the article’s publication – is last week’s funding round at Funding Circle, valuing the peer-to-peer (P2P) lender at over $1 billion. Our sector of crowdfunding is certainly expanding very fast indeed.
David – along with many in the industry – is rather cautious about the “equity punk” – fund raise from Brew Dog. The brewery is not using a third-party equity platform, such as Seedrs or Crowd Cube, but going direct to the public.
The Proactive Investors site also takes a look at the Brew Dog DIY equity raise, and surveys other parts of the general UK crowdfunding scene.
*** Meanwhile our own P2P business loan offerings are going along very nicely, thank you. Olsen Doors & Windows has now achieved 88 per cent of its target of £250,000 in a four-year loan offer. The B-rated loan has a current indicative yield of over 11 per cent at the time of writing, with just two days to go before the auction closes. See the Lend pages for other offerings.
Risk
Please bear in mind that lending carries risk. Read the warnings on our Home and Lend pages and on Frequently Asked Questions before committing capital.