11 Sep 2017

Looking For Disruptive FinTech Businesse

I am often asked what the key attributes are that we look for in FinTech businesses. Picking a future “unicorn” is far from an exact science, and the earlier you invest the greater the risk you are taking on. 

If we were to invest in 20 “Series A” companies in our next fund, statistically, we would expect 6-7 of them to generate the return required to deliver our investors a great outcome. They would have to compensate for those that have not fulfilled their potential. Assuming we pick the right cohort, we will have engaged with over 2000 companies to get to that point. 

Our future is contingent on ensuring we filter our pipeline effectively, but also to make sure that those we work with are businesses we can truly add value to. It is inevitable that we will reject businesses that will become great successes, and one only needs to look at Bessemer Ventures’ “anti-portfolio” to emphasise that point.

We are looking for disruptive FinTech businesses with great potential, that can truly scale to become leaders in their space. It is often not the idea that we reject, but the approach that the start-up is taking, or more likely that the team seemingly lacks the right blend of experience to deliver an incredibly ambitious idea that requires seamless execution.

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11 Sep 2017

London’s booming fintech market under threat from Brexit vote

London’s crown as the global capital of fintech is under threat by the decision to leave the EU amid worries about a squeeze on future funding and a brain drain of talent out of the UK. The UK has been at the forefront of the fintech — financial technology — revolution of the lending, money transfer and banking markets, supported by government initiatives to help investment in a fast growing sector. But this could easily change, according to company executives and investors, some of whom have begun to question their future in the UK. “We have already taken calls from prospective investors in our next fund, questioning their future commitment to UK tech,” said Tim Levene, founder of Augmentum Capital, a venture capital fund backed by Rothschild.  

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08 May 2017

Seedrs to launch secondary market for crowdfund investors

In a statement, Jeff Lynn, CEO and co-founder of Seedrs, said: "Secondary markets are challenging to operate successfully, and we are very conscious of our obligation. That is why we are launching this product in beta form initially, so that we can observe behavior and make improvements as we go."

In the same statement, Tim Levene, managing partner at one of Seedrs' core investors, Augmentum Capital, claimed the "announcement today (Monday) is a game changer for the equity crowdfunding space."

"In order for the industry to truly scale," he said, "a secondary market is essential. It will create a real opportunity to provide early investors with returns, and make this asset class more attractive to new investors." The theory is that more investors will be attracted if they know they can get their money out fast – provided there is a buyer.

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17 Mar 2017

UK fintech lobby dispatches envoys to preach the gospel

The UK-based lobby group for the fintech startup community has appointed eight special envoys to help spread its message of financial innovation around the world.

Innovate Finance, which represents around 200 UK startups, announced those involved in it Goodwill Ambassador Programme in a statement today.

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12 Sep 2016

Fintech start-ups put banks under pressure

Tim Levene, founder of Augmentum Capital, a fund backed by Rothschild, said these “true disruptive” players will often take time to become big enough to be profitable and require meaningful capital, but are not hampered by “the bureaucracy and sluggishness of an existing goliath”.

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27 Jun 2016

London’s booming fintech market under threat from Brexit vote

“We have already taken calls from prospective investors in our next fund, questioning their future commitment to UK tech,” said Tim Levene, founder of Augmentum Capital, a venture capital fund backed by Rothschild. 

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12 Apr 2016

Technology Companies Raise $1bn To Challenge Banks

Tim Levene, founder of Augmentum Capital, which invests in fintech, said: “Existing financial institutions will find themselves at the centre of this disruption with innovative consumer propositions that threaten their dissatisfied customer base.”

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31 Mar 2016

FINDING VALUE IN FINTECH

It has been well documented that the U.K. is leading the way globally in the development of fintech start-ups.

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10 Feb 2016

P2P industry hits back at Lord Turner’s warning as ‘ill-informed’

A warning by a former regulator of risks building up in peer-to-peer lending has been attacked by the industry as ill-informed and unfair.

Lord Adair Turner, the former chairman of the UK’s financial watchdog, said on Wednesday that “P2P” platforms could be the source of “big losses” over the next five to 10 years that would “make even the worst bankers look like absolute geniuses”.

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25 Jan 2016

Biggest Global Banks At Davos: We're All Fintech Innovators Now

Fintech was every banker’s buzzword at the World Economic Forum, as leaders of the world’s largest financial companies both touted the potential of new innovations and leaned on regulators to control the startups threatening parts of their business.

Deutsche Bank AG Chief Executive Officer John Cryan predicted the disappearance of physical cash within a decade. Bank of America Corp. CEO Brian Moynihan said his firm now spends $3 billion a year, more than 5 percent of total expenses, on coding. JPMorgan Chase & Co. and Banco Santander SA announced an investment in ex-banker Blythe Masters’ blockchain startup.

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17 Jan 2016

Why Smart Businesses Are Turning To Crowdfunding

Whatever 2016 brings, one thing will remain true: the biggest challenge for entrepreneurs and owners of small and medium-sized enterprises (SMEs) is to find the funds they need to launch and grow their business.

As a result, more companies than ever are turning towards smart investments as opposed to traditional loans from private investors or the bank.

The “alternative finance” market has doubled in the past 12 months and this pace is expected to continue in 2016, according to research by Nesta, a charity that works to increase innovation in the UK. 

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01 Jan 2016

UK Fintech Stars Giles Andrews & Samir Desai Receive Recognition from the Queen’s New Year Honours List

In a sign that Fintech has entered the realm of the establishment two leading entrepreneurs have been recognized by the Queen of England in the annual Honours List which was published yesterday.

Samir Desai, co-founder and CEO of Funding Circle, has been honoured as a Commander of the Order of the British Empire (CBE). Giles Andrews, Chairman and co-founder of Zopa has been honoured as an Officer of the Order of the British Empire (OBE).

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08 Dec 2015

Lending Services Revolution Piles Pressure On Banks As Fintech Sector Grows

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From banking to investment, mobile technology has revolutionised access to financial services as clients demand the ability to transfer money or take out an instant loan while they are on the move.

In the past year, traditional lenders have been working hard to keep up with the latest developments or risk having business models upset, or even killed off, by nimble “fintech” companies.

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04 Dec 2015

Zopa Chief Reveals Plans To Disrupt Banks

“I think consumers are responding to the disruption of all sorts of industries and disruption occurs when better value is offered by a disruptive player than the incumbents,” says Giles Andrews, chief executive of Zopa.

In the latest FTAdviser video interview, Mr Andrews said financial services has been rather slower to be disrupted than many of the industries we know well, such as music and travel.

He told Investment Adviser’s Julia Faurschou that this has been because financial services has historically been “quite well protected by regulation.”

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09 Nov 2015

Andy Murray Serves Up An Ace For British Entrepreneurs As He Backs You Tube of 3D Printing and Subscription Razor Firm

Two small British businesses have received a financial boost from Andy Murray via crowdfunding.

The tennis star injected an undisclosed amount of cash in to the  'Youtube of 3D printing' MyMiniFactory and also subscription razor business Shavekit through online platform Seedrs.

London-based Shavekit has smashed its crowdfunding target of £150,000, with £204,150 already invested with xx days/weeks left before the funding period closes.

Earlier this year, the platform received a combined investment of £7.5million from high-profile manager Neil Woodford's Patient Capital Trust and venture capital firm Augmentum Capital.



 

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25 Sep 2015

Wealthy Pawn Classic Cars and More to Pay Tax Bills

Wealthy debtors are turning to alternative borrowing, including pawning classic cars and other luxury assets, to settle large tax bills at short notice with HM Revenue & Customs.

Since last August, more than 25,000 taxpayers have received demands to pay disputed sums as the UK tax authority ramps up efforts to reclaim £5.5bn it deems to have been avoided.

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14 Sep 2015

Zopa Doubles Revenue In Peer-To-Peer Boom

Peer-to-peer lender Zopa saw its revenues double last year as more savers and borrowers used its platform – but its losses also doubled as the business hired more staff to prepare for its planned future growth.

Revenues jumped from £5.4m in 2013 to £11.5m in 2014, according to the innovative finance firm’s latest set of financial statements. But at the same time its costs jumped, sending its losses up from £2.6m to £5.6m. 

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30 Aug 2015

Peer-To-Peer Lender Zopa Installs Jaidev Janardana As Chief

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Zopa, the British peer-to-peer loan pioneer, has appointed a new chief executive as it seeks to draw more pension and personal savers to the alternative finance market.

Jaidev Janardana, who joined the business last year as chief operating officer, is taking the helm two weeks after Zopa’s online platform processed its billionth pound of P2P lending. He will replace Giles Andrews, who will become executive chairman after co-founding Zopa in a Buckinghamshire barn just over decade ago.

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29 Aug 2015

Zopa Boss Steps Aside To Focus On Strategic Growth

The head of peer-to-peer lending business Zopa is to step aside, with immediate effect, to be replaced by his number two.

The Telegraph has learnt that chief executive Giles Andrews, after eight years in the role, is to be replaced by Jaidev Janardana, the chief operating officer. Mr Andrews will instead take on the role of executive chairman.

The move comes just weeks after the alternative finance provider announced that it had issued more than £1 billion in loans since its inception a decade ago. The business has announced ambitious targets to lend a further £1 billion by the end of 2016. 

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17 Aug 2015

UK Peer-To-Peer Lenders Turn Attention To Asia

Asia is the focus as the next growth area for providers of alternative finance in the UK, despite concerns over the number of companies going bust and a lack of regulation.

Peer-to-peer platform Ratesetter and small business lender Iwoca were among a cohort of “fin-tech” companies that accompanied David Cameron, the UK prime minister, on a trade and foreign policy mission to Asia this month. 

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14 Aug 2015

My Money - Giles Andrews, Zopa Chief

Back in 2004, a group of businessmen sat in a barn in Buckinghamshire throwing around ideas. Was there a way to create some kind of bond market for consumers? Since most armchair investors might not understand the bond markets, could it be simplified into an eBay-like model with the added twist of a social return?

Just over 10 years later, Zopa, the pioneering peer-to-peer lender that resulted, is about to process its billionth pound in consumer loans. Of that original team, the founder, Richard Duvall — who also dreamt up the online bank Egg — died suddenly from cancer while Zopa was at a nascent stage. Three more directors left the company as it struggled to build momentum. But Giles Andrews, now Zopa’s chief executive, has stayed the course from barn to billion.

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29 Jul 2015

Rothschild-Backed Fund and Woodford Lead £10m Seedrs Investment

A venture-capital fund backed by Lord Rothschild and fund manager Neil Woodford have led a £10m investment round into Seedrs as the crowdfunding platform plans to expand overseas.

Augmentum Capital, founded by entrepreneurs Tim Levene and Richard Matthews, and the Woodford Patient Capital Trust are investing £7.5m into Seedrs, while a further £2.5m will be offered to existing shareholders and other individual investors through a campaign on the platform. 

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15 Jul 2015

Zopa's New TV Advert

Watch Zopa's New TV Advert

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03 Jun 2015

New Sources Of Funding Bring Difficult Choices

The digital revolution is in full swing, spearheaded by entrepreneurs employing technology that is disrupting sectors from finance to food shopping.

Digitally focused companies such as Uber, the taxi application, and Zopa, the peer-to-peer lender, have emerged in the past decade alongside large numbers of others who are shaking up traditional industries.

Full Article

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20 May 2015

Metro Bank Strikes Deal To Lend Through P2P Site

Metro Bank has struck a deal to become the first British bank to lend through a peer-to-peer platform, fuelling concerns that institutions are crowding out individual investors from the rapidly growing sector.

Full Article

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19 May 2015

Financial Challengers Zopa and Metro Bank Join Forces To Bring Peer-to-Peer Lending and High Street Banking Together

Peer-to-peer lender Zopa has teamed up with challenger bank Metro Bank to lend funds through the latter's marketplace.

The deal marks the first of its kind in the UK as Metro Bank, already lending funds to Zopa's consumer borrowers, recognises peer-to-peer (P2P) lending as a new asset class.

Zopa's chief executive Giles Andrews described it as a "clear sign that Zopa is trusted platform not only for consumers but also institutions to deploy their funds".

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09 May 2015

From the people, for the people

SAVERS DO NOT get much in the way of interest from their banks these days. But a different logic seems to apply to borrowers, who still often pay double-digit rates for credit—if they can get it at all. That has attracted a number of outfits offering to connect those who need cash with those who have a surplus of it. The rapid growth of such “peer-to-peer” lenders has been one of fintech’s most visible successes. The biggest such firm, Lending Club, based in San Francisco, listed its shares in December to a clamour reminiscent of the 1999 tech boom.

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30 Mar 2015

This is the future of savings – but you can profit today

Last week’s Budget marked a “savings revolution” when George Osborne announced that 95pc of taxpayers would be removed from any savings tax liability from next year. This has left the cash Isa, introduced in the late Nineties by Gordon Brown, suddenly less attractive.

A new “personal savings allowance” will allow basic-rate taxpayers to earn up to £1,000 of interest on ordinary savings accounts, current accounts, bonds and other deals tax-free. Higher-rate taxpayers can earn £500 before their income is taxed. 

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09 Mar 2015

How peer-to-peer finance is blossoming into a multi-billion pound industry

It’s 10 years today that the first peer-to-peer lender was founded in a barn in Buckinghamshire in March 2005. That was Zopa which has now lent nearly £750m, and expects to hit £1bn this summer.

Meanwhile the peer-to-peer finance industry has blossomed throughout the world with the global industry now worth more than $10bn.

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09 Mar 2015

Happy Birthday Zopa, The Inventor Of P2P

Happy birthday Zopa. The world’s first crowdfunding platform celebrates its 10th birthday today and though it took some time to break through, Zopa can now claim to have spawned a movement that is taking on the established banking industry in markets all around the world.

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10 Feb 2015

Borro Gets $19M From Rocket Internet, OurCrowd To Expand Its Online Pawnshop For Luxury Goods

Borro, the U.S. and UK-based online platform that people borrow money and put up luxury items as collateral, is today announcing $19 million in new funding led by strategic investments from Israel’s OurCrowd and Berlin’s Rocket Internet.

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10 Feb 2015

Learning To Live With Peer-To-Peer Pressure

The first of the new breed of internet lenders is no longer the new kid on the block

Peer-to-peer lending is often praised for allowing people to lend to one another directly over the web, bypassing traditional lenders, but Giles Andrews knows through bitter experience that creating a true direct link between lender and borrower can be disastrous. 

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18 Jan 2015

Now Pensioners Can Get A 4% Return - but What Hope Is There For Other Savers?

Whether you're 65 or 25, everyone could beneift from a savings overhaul in these difficult times. Lisa Bachelor looks at the various options.   

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10 Jan 2015

Peer-To-Peer Lender Zopa Sales Leap As Industry Eyes Challenge To Banks

The UK’s biggest peer-to-peer lender has almost doubled revenues amid a boom in loans, as the nascent sector seeks to challenge the major banks.

Zopa, which links up thousands of borrowers and savers over the internet, grew revenues by 81pc in 2013, according to accounts filed at Companies House. 

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06 Dec 2014

Bad Debt Relief - The Chancellor's Boost For Peer-To-Peer Lenders

The idea is to bypass banks and match investors with their ideal borrower. Rates are great, but it can be risky. Now George Osborne has provided a safety net 

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25 Nov 2014

Peer-to-Peer Lending Sees Triple-Digit Growth

The level of peer-to-peer (P2P) business lending has increased by 250 per cent since 2012, according to data from innovation charity Nesta, backed by Cambridge University, PWC and ACCA.

Figures show £749m was lent in the first three quarters of 2014, and consumer lending was also up by 108 per cent.

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17 Nov 2014

More & More People Are Finding You Can Bank On Peer-to-Peer Lenders

By chance I had two meetings in the diary this week that, in their own way, went to the heart of what is wrong with our banks.

The first, on Monday, was with Giles Andrews, the founder of Zopa. That’s the peer-to-peer lending and borrowing market – people go on the website, say they’ve got cash to lend, and others borrow. 

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03 Nov 2014

Zopa Lends £250m In A Year As Peer-to-Peer Industry Booms

The strength of the UK’s booming alternative finance industry was underlined today as peer-to-peer lender Zopa revealed it has lent a quarter of a billion pounds in just the last 12 months.

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28 Oct 2014

Zopa Muscles in on Banking Territory

Alternative lender Zopa is capitalising on recent Government reforms to shake up pensions – and soon Isas. Good news for UK pensioners and savers  

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26 Oct 2014

Can Peer-to-Peer Lenders Really Fulfil A Promise of 10% Returns For Savers

Savers putting money into peer-to-peer lenders will get a boost under plans to include this form of alternative finance in tax-free Isas. The change is likely to see more people pile in – little wonder, with rates of up to 10% on offer. But should you be signing up, and what are the pitfalls?

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17 Oct 2014

Savers One Step Closer To Peer-to-Peer Isas

The Government has today initiated a two month-long consultation to decide how peer-to-peer loans will be included in Individual Savings Accounts (Isas)   

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17 Oct 2014

Government To Consult On New Peer-to-Peer Lending ISA

The government is considering setting up a separate tax free individual savings account (ISA) for people who want to lend out money.   

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17 Oct 2014

Peer-to-Peer Lenders Could See Tax-Free Returns As Government Consults On ISA

Investors in lenders such as Zopa could shelter returns in Isa – if government can find a way to make it happen

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08 Oct 2014

BullionVault Gauge of Client Buying Rises to 7-Month High

BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index rose to a seven-month high in September as prices declined by the most since last year. 

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22 Sep 2014

Why I've Put 10pc Of My Savings Into Zopa

Telegraph – Like every saver I've been in despair over the rotten returns available on cash.   Peer-to-Peer where you lend directly to a group of 50 or so individual borrowers via a clever website – seemed to offer a way out, with interest rates of more than 5pc. 

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18 Sep 2014

The Sunday Times - Tech Track 100

Rank: 79 Zopa. 

Says it has helped to lend more than £600m to UK consumers.  

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13 Aug 2014

Banking crisis was good news for first peer-to-peer lender

Article with Giles Andrews, Founder of Zopa.

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09 Jun 2014

Giving business a hand: Cash starved companies are shunning the big banks for peer-to-peer lenders and crowdfunding

Almost seven years since the start of the financial crisis, banks are still under fire for not lending enough to small and medium-sized companies.

Small businesses complain that they are being forced to jump through hoops or are turned down point blank by their banks.

Government schemes such as Funding for Lending have led to a glut of cheap mortgage deals and boosted lending to households. But net lending – which includes money paid back – to small businesses continues to fall.

 

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19 May 2014

Peer-to-peer lending: The wisdom of crowds

Julie Robinson does not consider herself to be a financial innovator. But when the 44-year-old secretary from Hertfordshire left her bank and began borrowing money from an online peer-to-peer lender she became part of an industry intent on disrupting the future of global banking.

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19 May 2014

Growth Capital: Borro's Paul Aitken — he’ll lend you a million pounds, just don’t call him a pawnbroker

"We had a guy asking if he could get a loan against his livestock,” says Paul Aitken. “Which obviously we turned down.”

The founder of Borro, which has been labelled as a pawnbroker for the wealthy (more on that later), is remembering some of the assets he has refused to lend against.

“Another guy filled in on the website what he wanted a loan against. It was under watches, he said tanks,” says the 41-year-old chief executive. “So we assumed it was a Cartier Tank watch. But when we spoke to him he actually wanted a loan against a tank. We didn’t do that.”

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14 May 2014

Jane Hamilton - Card Transfers Not Right For All

A huge 49 per cent of balance transfers are not repaid within the zero per cent period, meaning consumers get hit with interest charges – estimated to total a staggering £443million a year. And even those who do pay off are still forking out a bumper £810million in balance transfer fees, according to peer-to-peer lender Zopa.

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13 May 2014

Credit Where It's Not Due - Britain's 0% Balance Transfer Trap

Getting a good deal? A report by Mike Naylor, 2014.  This report was commissioned to investigate if UK credit cardholders are getting a fair deal from credit card companies. An online survey was used to ask credit and store cardholders questions about their debts, credit card balance transfers and interest rates, and their attitudes to debt.

 

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25 Mar 2014

CNBC - Live Interview with Tim Levene

CNBC – Live Interview with Tim Levene. 

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17 Mar 2014

Why Business Is Picking Up For High-End Pawn Shops

One of the interesting, and potentially market-changing, stories to come out of this current recession is the creation of high-end pawn operations, or what some people in the business prefer to call "collateral lenders."

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04 Mar 2014

Borro, The High-End Online Pawnshop, Raises $112M To Fill Its Finance Pool, Expand In U.S.

Borro, an online platform that lets people borrow cash and put up luxury watches, art and other fine goods as collateral, is today announcing a new funding round of $112 million, coming entirely from one backer that focuses on finance investments, Victory Park Capital. Paul Aitken, Borro’s founder and CEO, tells me that the money will be used to continue to grow out its business in the markets where it is active — the UK and the U.S. — and specifically to expand the pool of money that Borro has available to offer for financing.

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19 Feb 2014

Focus on gold: bullish about bullion?

The price of gold, as set in London, had until yesterday moved higher in nine consecutive daily trading sessions. This is a remarkable run; it last happened in August 2012, before the precious metal suffered a severe reverse in the spring of last year.  

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11 Feb 2014

Interactive Investor Adds Augmentum Capital As Investor

Interactive Investor has raised a new undisclosed investment round to help grow its technology platform.

The business, which was set up 1995, is being backed by Augmentum Capital and Unicorn AIM VCT through the transaction.

Through its platform, Interactive Investor helps users to make financial decisions and manage investments by bringing together tools, facts and independent information. Some 600,000 posts are made on its discussion boards each year, while funds purchased by customers through the platform increased by 200 per cent in 2013 compared to 2012, according to a statement.

- See more at: http://www.growthbusiness.co.uk/news-and-market-deals/fundraising-deals/2453807/interactive-investor-adds-augmentum-capital-as-investor.thtml#sthash.ZFO7z668.dpuf

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10 Feb 2014

Total Lending Between Zopa Members Since Launch

It’s an interesting chart, especially the hockey stick rise in funds transferred as the financial crisis hit, and relates to a recent headline in the Financial Times: P2P group Zopa secures £15m investment from Arrowgrass Capital

The article included the following line:

“Lending Club, the largest P2P lender, has issued $3.5bn in loans since 2006 and reached a valuation of $2.3bn late last year. The company is considering a US stock offering expected later this year. Prosper, the next biggest US P2P, raised $25m from investors including BlackRock and Sequoia Capital in September … [Zopa] has facilitated £455m of loans over the past nine years.”

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10 Feb 2014

Interactive Investor Attracts Backing From Two New Institutional Investors

Monday, 10 February 2014 – Interactive Investor, the DIY investment service championing straightforward investing, today announces that Augmentum Capital and Unicorn AIM VCT have become shareholders in the company. The funding will help Interactive Investor accelerate growth as one of the UK’s most innovative investment platforms.

Augmentum has built a portfolio of investments in internet-focussed companies and is wholly backed by RIT Capital Partners plc, the award-winning investment trust chaired by Lord Rothschild, whose family own 18% of RIT’s shares.  Other companies in the Augmentum portfolio include Bullion Vault.com, Zopa and borro.

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29 Jan 2014

P2P Group Zopa Secures £15M Investment From Arrowgrass Captial

Zopa, Europe's largest peer-to-peer loan platform, has secured £15m from London-based hedge fund Arrowgrass Partners in the latest sign of investor interest in companies that use technology to cut banks out of the lending process. 

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27 Jan 2014

The Martin Lewis Money Show - Peer-to-peer Lending

 

You can watch Martin’s show on ITVPlayer. The peer-to-peer lending feature starts around 16 minutes in.

We would like to welcome the hundreds of new members to Zopa who have joined us after seeing the Martin Lewis Money Show last Friday on ITV1. If you need any assistance with your lending please get in touch on contactus@zopa.com or Tweet us via @Zopa.

We are fans of Martin’s guides for consumers and pleased that he chose to cover peer-to-peer lending on TV and the MoneySavingExpert website. We think Martin’s advice to dip a toe in the water with peer-to-peer lending is a sensible approach. We see many savers start lending with smaller amounts before going on to lend more over time. As the first and largest p2p lender we now have over 46,000 active savers – some lending over £1m and some starting with just £100.

 

 

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14 Jan 2014

Is this 5pc Savings Rate A Good Investment?

A company that cuts out banks to lend savers' money directly to borrowers is offering returns of 5pc fixed for five years. 

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28 Dec 2013

Posh Pawnbroker Borro Lends Against Everything From Olympic Gold Medals and Oscars To F1 Cars and Banksy Art

What do a stunt plane, an Olympic gold medal and an Oscar have in common?

They’ve all been hocked by owners at one particular posh pawnbroker.

Borro was set up in 2008, just weeks before the collapse of the investment bank Lehman Brothers



 

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03 Dec 2013

Autumn Statement 2013: Peer-to-peer 'to be included in Isas'

Savers will be able to earn tax-free returns on peer-to-peer lending websites under plans to allow this type of investment within an Isa, The Telegraph understands

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24 Oct 2013

The Telegraph - Martin Lewis: What I Earned From Peer-To-Peer Savings

Six per cent interest is enough to put a rosy glow into the cheeks of any depressed saver.  Yet many worry that peer-to-peer lending websites such as Zopa, Funding Circle and Ratesetter are too good to be true.   However, for over a year I've been trying it, and I'm proof they can smash ordinary savings – provided you understand the risks.

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23 Oct 2013

High-Class Pawnshops Fill A Lending Void

Appraisals manager Karina Lagravinese inspects a ring to obtain its value inside the Manhattan offices of Borro, a collateral lender.   Philip Montgomery for The Wall Street Journal.

 

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03 Oct 2013

The Guardian - Borrowers To Get More Protection On Peer-To-Peer Loan Sites

People who borrow money from peer-to-peer lending websites such as Zopa will get more rights and greater protection as part of proposals drawn up by the City Regulator.

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06 Sep 2013

Money Insider: Seeking Happier Returns? Peer-to-Peer Worth A Look

Many cynics said peer to peer lending would never work in the UK. But with savings rates from bank and building societies stuck firmly in the doldrums for the forseeable future, there's growing evidence that this new sector is gaining traction.

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13 Aug 2013

Zopa On Fast Track To Alternative Success

One of Britain's fastest-growing alternative lenders, Zopa, is on track to double its loans this year as the peer-to-peer website takes on high street banks.

After lending £20m in a month for the first time in July, the business expects total loans to hit £200m this year – more than double the amount for 2012 – and £400m in 2014. Zopa acts as an online broker between borrowers and individuals willing to offer loans.

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05 Aug 2013

Savers Find Way To Beat Low Interest Rates And Inflation

Tens of thousands of hard-pressed Britons are snubbing hight street banks in a scramble for better interest rates by borrowing and lending between themselves, surprise new research has found.

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22 Jul 2013

Bathrooms.com Now Taps The UK For Its Production Instead Of China

It can now be cheaper, quicker and easier to get goods made in the UK, reports Andrew Cave.

British companies discovered more than a decade ago that they could increase efficiency and save money by moving production to China.

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09 Jul 2013

BullionVault's Paul Tustain On Turning Over £500m With Only 35 Staff

The story behind the world's largest online bullion market.

The Bank of England only has around 10 times more gold than Paul Tustain's business looks after.  But he doesn't think that's remotely surprising, and finds my incredulity at the fact quite funny, actually. Maybe it's not that surprising – after all, his company BullionVault is the world's biggest online bullion market.

 

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08 Jun 2013

The New Middlemen

EACH month seems to bring more unwelcome news for British firms seeking credit. Business lending, which has been falling steadily for four years, dipped below £400 billion ($612 billion) by the beginning of May. That is 20% below its level four years ago. Then, on June 2nd, data showed that a policy intended to funnel cheap cash to firms via the banking system is not offsetting the crunch. Participants in the Funding for Lending Scheme—a group that includes all of the big high-street banks except HSBC—cut credit by £300m in the first quarter of 2013.

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16 May 2013

Rising Stars

During the past year, we profiled successful private equity investors who could be part of the next generation of industry leaders.  Here are excerpts from some of those profiles.

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14 May 2013

Zopa CEO Giles Andrews: Less Talk About Rebuilding Trust In Banks, More Doing

Giles Andrews is CEO and co-founder of Zopa, a P2P lending business, which has lent more than £300 million since its foundation in 2004. Zopa claims peer-to-peer lending is more efficient than the traditional banking model and therefore allows it to offers better rates to savers and borrowers. It has been voted "Most Trusted Personal Loan Provider" in the Moneywise Customer Awards for the past three years.

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14 May 2013

How 5pc Returns For Savers Just Became Slightly Less Risky

Savers can now cut out bank and building society middlemen to earn 5pc returns by lending to borrowers with somewhat reduced risk, according to Zopa, a website which brings depositors and debtors together.

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13 May 2013

Peer-To-Peer Lending: Are The Returns Worth The Risk?

Andy Haldane, director of financial stability at the Bank of England, reckons that peer-to-peer websites – which llink those who want to borrow with individuals who want a return on their cash are becoming increasing economically important.

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13 May 2013

Private Equity Rising Stars

Buyout Barons of the Future.

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13 May 2013

Personal Asset Lender Borro(R) Lends Over $70 Million Against Unique Assets and Rare Collectibles

NEW YORK, NY—(Marketwired – May 13, 2013) – Leading personal asset lender borro® has reached the milestone of issuing over $70 million worth of loans in total across its international business, with $35 million lent to individuals since its U.S. launch in February 2012.

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08 May 2013

Britain's Biggest Lend-To-Save Firm Zopa to Ring-Fence Savers' Cash In A Bid To Shore Up Confidence

Zopa, which has matched more than £300million of savers’ money with borrowers, has set up an emergency fund to pay out to savers whose loans to bad debtors aren’t fully repaid.

Read more: http://www.thisismoney.co.uk/money/saving/article-2321168/Zopa-ring-fence-savers-cash-bid-shore-confidence.html#ixzz2WZ9iYlxf

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05 May 2013

Peer-to-Peer Borrowers To Get Protection

SAVERS who lend money through Zopa, Britain’s largest peer-to-peer website, can now protect themselves against the threat of default. The site allows savers to earn 5.1% a year, after fees, by lending their deposits directly to the lowest-risk borrowers for a five-year term. The best-buy five-year account on the high street — from Skipton building society — pays 3%.

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30 Apr 2013

Online Peer-to-Peer Lender To Refund Savers If Borrowers Default

(Reuters) – An online service that enables savers to earn interest by loaning money to other members of the public is introducing a back-up fund to reimburse loans made from Tuesday onwards if borrowers default.

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14 Apr 2013

Zopa's Giles Andrews: Businesses need to be transparent

Giles Andrews, founder and CEO of Zopa, says only promise what you can deliver, and keep your goals need simple

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04 Apr 2013

BullionVault Opens Singapore Vault

BullionVault customers can now buy, sell, and store gold through a vault in Singapore, as well as existing vaults in New York, Zurich, and London.

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15 Mar 2013

BullionVault's Adrian Ash Considers The Gold Fix - What And Why It Is

Adrian Ash, head of Research at BullionVault, has considered the particulars of the London Gold Fix, in light of the latest concerns of regulators that it may be what it says it is – a fix.

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03 Mar 2013

Can you Trust "Peer to Peer" Lending?

The names of the biggest peer-to-peer lenders – Zopa, Ratesetter and Funding Circle – are hardly household names, and certainly far less familiar than the likes of Barclays, HSBC or NatWest. But recently the Bank of England has suggested that these new kids on the block could become a major force in the financial market over the next decade.

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01 Mar 2013

Money Insider: Peer-to-Peer Lending Up As Rates Languish

Zopa remains the biggest player and to date has arranged more than £277m in loans during the last eight years and now has over 500,000 members on its books. The average return paid to lenders in the last 12 months after any charges and defaults is an impressive 5.4 per cent.

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15 Feb 2013

Big Shot Nigel Morris Of Borro

The appointment of Nigel Morris, one of the UK’s most successful entrepreneurs and co-founder of Capital One, as chairman of Borro raises questions about the ambitions of the niche lender. Based in Chancery Lane in London, Borro expanded to the US a year ago, has doubled its sized every year since its launch in 2008, and is set to generate £13 million in turnover this year from a previous £7 million.

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14 Feb 2013

Peer-to-Peer Lending: No Longer Just a Curiosity

Peer-to-peer lending most immediately brings to mind the largely feel-good act of extending small-time money to small businesses and individuals with quirky projects—a curiosity at best and no threat to the lending hegemony of big banks. What’s less appreciated is how successful peer-to-peer lending platforms such as Prosper and Lending Club have been in connecting wholesale numbers of individual lenders and borrowers.

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14 Jan 2013

Rothschild Buys Into Peer-To-Peer Lending

Rothschild Buys Into Peer-To-Peer Lending-FT

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14 Dec 2012

BullionVault’s Gauge of Client Buying Climbs to Six-Month High

BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index climbed to a six-month high in November.

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14 Dec 2012

Augmentum Capital To Take Stake in British Financial Start-Up

LONDONRIT Capital Partners, the investment firm chaired by Jacob Rothschild, said on Monday that it had acquired a stake in a British crowdfunding company, Zopa.

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14 Nov 2012

World’s first online asset lender secures £20m from Octopus Investments

Leading online asset lender borro has secured a £20m loan facility from Octopus Investments. Launched in the UK in 2008 and the US in 2012, online company borro provides customers with loans of £1,000 to £1,000,000 in return for their luxury assets, such as jewellery, cars and antiques.

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14 Nov 2012

Borro Triumphs at Red Herring Global 100 Awards

Borro, the UK’s fastest growing personal asset lender, has been selected as a Red Herring Top 100 Global winner. The Red Herring awards recognise innovative start-ups from a pool of thousands from around the world.

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14 Oct 2012

Gold remains popular, despite the doubts of economists

GOLD is the most difficult asset class to analyse. For a start, it divides opinion so sharply. Its supporters have a quasi-religious fervour, regarding the metal as the one true source of value. Its detractors (a group that includes many economists) treat it, in John Maynard Keynes’s phrase, as a “barbarous relic” that has no place in serious discussions of monetary policy.

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11 Oct 2012

Bridging The Gap Between Pawn Shop And Bank, Borro Raises $26M Led By Canaan Partners

Borro, a personal asset lending platform, has just received a massive $26 million funding round led by Canaan Partners. The service essentially classes up the idea of collateral loans, offering up to $1 million secured against high-end personal assets.

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11 Oct 2012

The Daily Start-Up: Borro, an Online Pawn Shop for the Affluent, Brings in $26M

Borro is bringing a new form of lending to the U.S., targeting wealthier borrowers, with the help of $26 million in new funding. The London company makes personal loans ranging from $1,000 to $1 million that are secured against expensive luxury items like jewelry, fine art and classic cars. Borro launched in 2008 in the U.K. and has built up a brand and trust with its customers, having seen 90% of them return for another loan within 18 months of their first one, said Paul Aitken, borro’s chief executive and founder.

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01 Oct 2012

London Cab Comparison Startup Kabbee Raises $3.25M, Ahead Of Series A Next Year

London-based cab price comparison and booking startup Kabbee has raised $3.25 million in an intermediate funding round, led by Samos Investments, with “significant contributions” from Pentland Group and Redbus Group. Betfair Founder Ed Wray also invested, along with two angel investors who work at Smedvig Capital. Wray will now play an active role in advising Kabbee, along with Tim Levene from Augmentum Capital.

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