Money&Co.'s 'Exciting' Prospects Examined - Plus Loan Latest


Technology Book

The Times runs a feature on the status of Money&Co., which reported a loss - not unusually for an early-stage FinTech business - in its last filed accounts. An excerpt from the article, which can be viewed in full by Times subscribers, is reproduced below.

"Ms Horlick said that fresh investment had put [Money&Co.] on the right track and it was looking forward to a strong 2017. 'The accounts that have just been filed are now very historic. I expect business to take off this year,' she said.

"Ms Horlick, who was nicknamed 'Superwoman' because of her success in combining a top City career with a large family, insisted that Money&Co had 'very exciting growth prospects'. She said that the company was expanding into secured property lending, as well as its existing activities in lending to businesses including manufacturers, bricklayers and a training company.

"It lent £5 million last year across 14 loans, up from £2.5 million over eight loans in the previous 12 months, Ms Horlick said, with the business aiming to lend £20 million during 2017."

M&CLogo

Latest Offering & Lending Risk

The latest loan offering on site, an A-rated loan from legal publishers, Lawpack, is proving popular. But a word of warning: Some of the lenders' bids may prove a little ambitious. Offers of expensive credit are often driven out at the end of the auction period by cheaper offers - witness the last two webuyanyhome.com loans.

Learn more about crowdfunded business lending here, at our Knowledge Hub. Remember, capital loaned is a risk. Please read the warnings on site.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.