AltFi published their coverage of the UK regulator’s recent review of crowdfunding rules. This is what they had to say:
“The FCA is proposing that P2P promotions target exclusively the following groups: those certified or who self-certify as sophisticated investors, those certified as high net worth investors, those under advisement from an authorised person, or those who certify that they will not invest more than 10 per cent of their net investible portfolio in P2P agreements.”
Whilst further regulation in the Peer-to-Peer lending industry is supportive to allowing it to flourish, a significant benefit of the industry is it democratizes the world of finance. This being said, ensuring the adequate protection is in place for investors can only result in more trust in marketplace lending.
Monitor Daily discussed a recent report released on the projected growth of the alternative finance market. Headline figures state the market will grow more than 21% by 2022. They continue:
“A key factor driving the growth of the market is the speed and ease with which customers can obtain credit. Alternative finance provides quick and easy access to credit unlike traditional financial institutions, which may take more than a day to complete the paperwork for a loan application. Several banks have policies that restrict them from even providing loans to certain businesses such as restaurants and clinics. Alternative finance caters to such businesses and is attractive due to expedited credit practices.”
The Guardian reported the incredible milestone achieved by Apple, who recently reached a $1 trillion market capitalisation when their shares hit $207.05.
“The iMac to iPhone company, co-founded to sell personal computers by the late Steve Jobs in 1976, reached the historic milestone as its shares hit $207.05, the day after it posted strong financial results. Apple’s share price has grown fourfold since Tim Cook replaced Jobs as chief executive in 2011.
The company hit a $1tn market capitalisation 42 years after Apple was founded and 117 years after US Steel became the first company to be valued at $1bn in 1901.”
Bondora in the news
Here are several stories about Bondora in the news, ranging from personal blogs to official media channels.