Alternative Finance Volumes Up, As Latest A-Rated Loan Offer Closes Today

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We hesitate to say it’s “business as usual”, since we’re not alone in wondering what “usual” is nowadays. It’s certainly not “normal”…

In any event, recent figures from government quango, Innovate Finance, as reported by our friends at AltFi, indicate that volume has picked up in the alternative-finance sector.

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“The United Kingdom attracted £432m ($564m) of new venture capital investment in the first six months of 2017 representing an uptick of 37 per cent compared to the same period in 2016, according to research from Innovate Finance.   

Alternative lending, challenger banks and wealth management  were the top three investment verticals for UK fintech investments with notably large cash raises from Atom Bank, Funding Circle and Monzo.” 

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Money&Co.’s latest A-rated loan offering is has a current gross yield of over 8 per cent. It closing this afternoon.

The average return achieved by Money&Co. lenders is just over 8.6 per cent – before deduction of our one per cent fee – in the three years and nearly £10 million of loans facilitated on our platform. More new offerings will be announced shortly.

In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.

Risk

If you haven’t made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment. Capital is at risk, once loaned.



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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.