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This influential Tory MP thinks the UK needs to continue its ‘light touch’ approach to fintech to encourage growth: ‘It’s not ...
Adam Afriyie, the head of the All Party Parliamentary Group on Fintech, told BI that the UK's fintech advantage is not our "birthright."
Peer-to-peer lending and crowdfunding grew by 43% last year in Britain.
The loss was inflated by a £12 million loan to an advertising company that RateSetter subsequently took over after it got into financial difficulty.
CEO Rhydian Lewis said that getting regulated has been "a long but positive journey during which we have learnt a lot."
The Financial Conduct Authority is said to be looking into the lender's books, as part of concerns about due diligence and default rates.
Jörg Asmussen is stepping down as a non-executive director at Funding Circle after a year and a half.
CEO Samir Desai told Business Insider: 'We believe that our business should be a public company.'
Any consumer downturn could mean the first serious test of peer-to-peer underwriting standards.
Funding Circle is launching its new 'Made to Do More' campaign with a TV advert during the premiere of the hit baking show on Channel 4 on Tuesday.
A company that helps students in developing countries go to top universities has raised $240 million
Prodigy Finance connects students in emerging markets with alumni of top universities who will lend them money to fund their studies.