By Staff writer
Sizeable economic and social changes are understandably met with scepticism, often resistance, and sometimes even hostility. But should we be scared of the sharing economy” Or, should we continue to welcome it with cautious optimism?
With many entrepreneurs facing a UK funding gap to cross before they can launch their business, friends and family have been responsible for lending ?7.2bn worth of investment to their loved ones.
Winner of the Future Unicorn Award at our Everline Future 50 2016, peer-to-peer lending platform LendInvest has been given a mammoth challenge, but CEO Christian Faes has told Real Business he’s confident the firm can become a $1bn company – by trotting, not galloping.
Alternative lenders in the UK mortgage market have now risen up in many guises, from challenger banks such as OneSavings Bank, through to peer-to-peer lenders like LendInvest – the latter of which has seen some impressive growth and is part of our Everline Future 50 2016.
Peer-to-peer finance business Lending Works demonstrated significant growth milestones in 2015, showcasing how powerful the P2P platform has become as the number of loans via the platform rose fourfold.
With a new CEO at the helm and loans to consumers now surpassing £500m during the year, peer-to-peer finance provider Zopa has much to celebrate – not least the accolade of Growing Business of the Year: Smaller Company at the 2016 Growing Business Awards.
P2P lending is an effective form of alternative funding for SMEs, but how does luxury P2P lending work
