Following on from the success of our January roadshow, rebuildingsociety.com hosted a second Crowdfunding Roadshow on the 22nd April at the Manchester Conference Centre. The one day event focused on the alternative finance industry.
Around 40 delegates from the Manchester business community enjoyed talks from recent borrower Christian Miles, Nick Montague from The Funding Store and Daniel Rajkumar, the founder and managing director of rebuildingsociety.com. (more…)
Recent statistics by the Peer-to-Peer Finance Association have revealed the extent of the growth of the UK alternative finance space.
The cumulative total for loans to businesses and consumers at the end of Q1 stood at £1.207bn. This is up from £491m at the same point in 2013.
More than 5,100 business borrowers and 82,000 consumers have been the beneficiaries of p2p loans made up by over 94,000 lenders. For UK business, the total amount received tops half a billion, while the consumer side of p2p lending could breach £1 billion by the close of Q2. FCA regulation and the impending ISA inclusion are seen to be two of the key influences behind the sector’s impressive growth.*
This is a global movement though. In recent months we’ve had requests for our technology from every continent (Antarctica excepted…) as everyone around the world recognises the shifting changes in business and personal finance.
*Source: P2PFA and AltFinance News
Hippoprint.co.uk, the next-day delivery online printing company, is looking forward to a period of growth after winning a £30,000 interest free loan through rebuildingsociety.com.
Owners Anthony Wood and David Hanson entered a competition on rebuildingsociety.com to become the ‘most popular’ loan with rebuildingsociety’s lenders throughout the course of March 2014.
Hippoprint.co.uk is looking to expand and the £30,000 will be used to fund a sales and marketing campaign. The company plans to add a number of new products and services to its flagship guaranteed next day delivery service and will be using various PR and marketing techniques, to raise awareness of its services locally and nationally.
Anthony Wood commented: “Even if the competition hadn’t existed, we would have chosen to borrow from a peer to business lending platform, despite the fact we could get a loan from our bank. We liked the concept of winning an engaged audience and giving people that know us a financial return ahead of an institution. (more…)
Hippoprint.co.uk, the next-day delivery online printing company, is looking forward to a period of growth after winning a £30,000 interest free loan through peer-to-business lending platform, rebuildingsociety.com.
Owners Anthony Wood and David Hanson entered a competition on rebuildingsociety.com to become the ‘most popular’ loan with rebuildingsociety’s lenders throughout the course of March.
On rebuildingsociety, individual lenders bid to lend businesses money, which is then repaid in monthly capital and interest repayments on completion of the loan. Bids are ranked according to the lowest percentage offered by the lender, so the more bids a loan attracts, the lower the overall interest rate repaid by the business.