Alternative Finance

on the rebuildingsociety.com blog

01st Feb, 2019

Sourced Becomes the Newest P2P Lending Platform on the Block

We’re proud to announce that Sourced* have recently been approved as our newest appointed representative launching their property-focused peer-to-peer lending platform exclusively for High Net Worth and Sophisticated Investors.

Sourced are managed by a team of highly experienced property investors and developers with extensive experience in finance and in P2P lending. Having previously operated as one of the largest property sourcing networks in the UK, as a registered member of the Property Redress Scheme, the team at Sourced are now broadening their business offerings by allowing HNW and Sophisticated investors to fund property development projects through their network of franchisees. Sourced have a strong focus on educating lenders on investing in property generally as well as lending and investing in property via their P2P platform.

Sourced Directors from the front: Stephen Moss, Paul Rose, Chris Kirkwood, Ryan Brown

Sourced will offer bridge-lending opportunities, secured on property and will typically offer loan terms of between 12 and 24 months.

We have worked closely with the team at Sourced over the last few months to ensure that they meet the regulatory standards required by the FCA to operate a P2P platform. We’re excited to be working with them and helping them along the way.

Daniel Rajkumar says “

“Our Appointed Representative solution gives platforms the opportunity to operate as authorised platforms, by working in collaboration with rebuildingsociety.com, an FCA-authorised company and Network Principal who takes responsibility for overseeing and monitoring compliance activity.”

Meet the Directors

Stephen is the founder of Sourced and its Managing Director. He is a serial entrepreneur having founded and successfully exited a number of other businesses, including the franchise business Legal for Landlords. He is a vastly experienced property investor, sourcer and developer having worked in the property industry for over 15 years.

Ryan is a co-founder of Sourced and its Finance Director. He is a member of the Institute of Chartered Accountants in England and Wales and an Approved Person with the FCA. He has worked for international businesses, including within the SAAS, FinTech and Property industries.

Paul is a co-founder of Sourced and its Property Director. He is a greatly experienced property professional having been an owner/manager of a sales and lettings business. He has operated in the property sector for over 10 years, building and managing a successful property portfolio.

Chris is the Training and Development Director at Sourced. He is a fully certified NLP trainer and has a wealth of property experience. He successfully founded, grew and exited a service business for 10 years and is a property mentor to a network of property professionals.

Only Sourced’s P2P Lending activity will be overseen by rebuildingsociety.com as their network principal.

Appointed Representative Offering

The full authorisation journey can take months or even years, the AR process is a shorter procedure which can be completed in under eight weeks.

We are taking this opportunity to establish ourselves as a reliable, experienced Network Principal and assist other platforms in getting to market, whilst maintaining our position as a P2B platform in our own right. Read more about the Appointed Representatives service we offer here.  

 

Find out more about Sourced by clicking on the logo below. 

 

* Sourced is a trading name of Jark-1 Limited.


28th Jan, 2019

Dashboard Changes – Lender Performance Charts

We’re making changes to the look and feel of the website. One of the areas that you’ve told us you want to see change, is the lender dashboard. You’ve told us that you would like a more visual representation of your investments and use of the platform. We’ve been listening and have started implementing some changes.

You may have noticed the recent addition of the ‘Net Worth’ Chart on your lender dashboard. This helps you quickly interpret your performance throughout your time on rebuildingsociety.com. Let’s review the new chart and see what it shows us…

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15th Jan, 2019

Reasons Why rebuildingsociety.com is the Best Place for Your IFISA

As we head towards the end of the tax year, think about where you have your ISA, what type of ISA products are available and whether there is another ISA provider that might be better for you.

The Innovative Finance ISA lets you use your tax-free ISA allowance in peer to peer (P2P) lending, as on rebuildingsociety.com.

Here’s a few reasons why we think that rebuildingsociety.com might be the best place for your IFISA.

Our Net Return

 

Lending on rebuildingsociety.com you can lend at rates of up to 20%. Our current platform average net return, with income reinvested is 8.6%*. This compares very favourably to other ISA products, such as the Cash ISA. However, you should remember that unlike a Cash ISA, your capital is at risk in an IFISA. Our historic performance is strong, but performance can vary with marco-economic conditions.

It’s Flexible – Access Your Funds

Each month you receive repayments from businesses, which may be withdrawn or reinvested. The availability of our secondary market means that you can access money from your IFISA by selling them on the secondary market, making our IFISA, a flexible ISA.

So do not need to worry about your funds being completely tied up and being inaccessible if you need them.

Provided there is a demand for the loan parts on the secondary market, you should be able divest from the loans. Withdrawing from your ISA part way through the tax year will not affect your ISA allowance, just credit the funds back to your IFISA account before the end of the Tax year to benefit from the tax wrapper. So you can dip in and out of your IF ISA.

Support UK Businesses

When you invest on rebuildingsociety.com you’re lending directly to real UK SMEs and in doing so you’re earning a healthy return.

UK Small and Medium businesses are the backbone of the UK economy. By lending to these businesses, that have been underserved by the banks, you’re directly contributing to the UK economy.

High Levels of Transparency

We pride ourselves of the level of transparency that we offer on our platform in comparison to many other Peer-to-peer lending platforms.

When you lend on rebuildingsociety.com you’ll always know exactly who it is you’re lending to. Not only this we’ll also help you understand the risks associated with lending to particular companies, helping you make the best lending decision for you.

Things to Consider

An IFISA may allow you to earn higher returns than many other ISA products, however, an IFISA involves making numerous small loans to UK Businesses. Therefore, there is a chance that some of the businesses you lend to might not be able to fully repay the loan, thereby putting your capital at risk, until it is recovered or lost. You should ensure that you understand the risk associated with the IFISA and peer-to-peer lending, to find out more, please read our risk page.

*The current platform average net return is the compounded annual return after bad debts and fees for lenders on the platform. Past returns may not be indicative of future returns.

To find out more about our IFISA please visit our IFISA Page,  read our Lender FAQs, or get in touch by emailing support@rebuildingsociety.com

Read more about Individual Savings Accounts (ISAs).  


13th Dec, 2018

Our Latest Business Borrower – Kadco Fashion

We caught up with Samir from Kadco Fashion & Textiles to find out more about his business and why he chose to return to the rebuildingsociety.com crowd to raise further finance to grow his Yorkshire based business.
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10th Dec, 2018

Lender’s Review of rebuildingsociety.com

Why Invest in Peer to Peer Lending?

Brian has chosen peer to peer lending as part of his investment portfolio as he enjoys the fact that crowdfunding and P2P lending directly connects lenders with the funders, cutting out the middleman.

Brian enjoys engaging with the business owners and seeing how he can have a direct impact on the success and growth of many small businesses.

Why rebuildingsociety.com?

Brian says that he enjoys lending via rebuildingsociety because of the platform’s ethos and dedication to supporting local businesses and developing local economies particularly outside of London, an ethos which he shares and which he has followed in his own business ventures.

Rebuildingsociety.com was founded with the intention of opening finance to businesses that had been excluded from traditional means of finance and to offer more than just a financial transaction, by ensuring that through the finance the business was also able to gain access to a wide range of lenders who are able to advise and support the business in the long term.

The ability for lenders to pick and choose their investments and continue to engage with the borrowers is a key reason Brian has continued to lend via rebuildingsociety.com, as opposed to other platforms that have become more ‘opaque’ in the way lenders invest.

As well as his rate of return, Brian also cites the openness and accessibility of the rebuildingsociety.com team as a factor for his continued investment via rebuildingsociety.com.

How does it compare to other platforms?

Investing across a number of crowdfunding and Peer-to-peer lending platforms, Brian, says as a ‘non-techie’ he has found the platform easy to use and understand.

He has found the blogs and information available to lenders on rebuildingsociety.com ‘excellent’ and very useful in helping him to understand how to use the platform, learn more about the businesses and get tips on lending in general.

Much of the information Brian refers to is available in our Lender Library.

Advice to new lenders?

Having been an active lender for over 4 years on rebuildingsociety.com. Brian says lenders should:

Read and Review

Brian says lenders should always make sure that they read up and carefully look into the platform that they are lending through.

Look at the trading history of the platform, how long have they been around, what is their net return, what is the ethos of the platform and what is the investment structure or the deals on the platform.

Knowing more about the platform and ensuring that you understand how it works is fundamental to ensuring the long-term success of your investments via P2P.

Do Your research

When investing manually, Brian says it’s crucial that lenders do the research on the businesses they are thinking of investing in. Reviewing the information provided by the platform as well as publicly available information is important to make good lending decisions.

Start small – Diversify

Brian says that lenders that are new to any platform should ‘start small’ and look to build a well-diversified portfolio, by lending across a range of sectors, regions and business types. As a lender gets more comfortable with the lending process and the platform then they can consider lending larger amounts according to the experience they have gained.
If in doubt ask

This applies to both asking questions of the borrowers as well as the platform’s team. On rebuildingsociety.com lenders are given the opportunity to directly ask questions of the borrower through the Discussion forums of each loan. This allows lenders to ensure they understand who and what they are lending for and allows them also to build a rapport with the borrower.

Brian also says that lenders should ask not to be shy to engage with the rebuildingsociety.com team, who he has found ‘very helpful and accessible’ and ‘has found the guidance that they give very easy to understand’.

 

rebuildingsociety.com is authorised and regulated by the Financial Conduct Authority and has been operating as a peer-to-peer lending platform for over six years, making it one of the longest standing P2P platforms in the UK. rebuildingsociety.com prides itself on the level of transparency offered to lenders and the wealth of information and educational material available to assist lenders and borrowers throughout their engagement with the platform. 

Transparency helps lenders assess the risk and make better-informed decisions if you would like to find out more about the risks involved in lending on our platform, visit our risks page.


03rd Dec, 2018

Scale Up Programme to Accelerate Growth of rebuildingsociety.com

Rebuildingsociety.com is proud to have been selected to be part of the 2019 Barclays Scale Up programme, run by Barclays in collaboration with Cambridge Judge Business School. The innovative programme aims to enhance the performance and competitiveness of high-potential businesses with growth appetite as well as growth potential that are deemed to be engines of growth in the UK. (more…)


06th Nov, 2018

Festive Preparation for Your Business

With the Bonfire smoke clearing and the sound of fireworks still ringing, in our ears many people now turn to Christmas preparation and celebrations. Whilst the upcoming festive season brings with it plenty of fun and reasons for celebrations, it is often a challenging time for business owners, particularly if planning hasn’t been done to ensure business continues as normal through this disruptive period.

We’ve put together a list of tips to help you ensure that you make the necessary arrangements to avoid disruption to service or unexpected issues during the festive period and to ensure that you set your business up for the best possible start to 2019!
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14th Sep, 2017

rebuildingsociety’s Rick Hyland to Speak at Seminar

October will be a busy month for rebuildingsociety. Not only is Founder and Managing Director, Daniel Rajkumar travelling to Lithuania to present at the 6th ECN Crowdfunding Convention; Business Development Manager, Rick Hyland, is also speaking at an industry seminar titled Alternative Sources of Funding – what’s best for your business?.

Rick will represent rebuildingsociety.com at the breakfast seminar scheduled to be held on October 17th at the Ward Hadaway Leeds office in Wellington Place. Ward Hadaway, one of the top 100 law firms in the UK, has a strong presence in the north, with offices in Leeds, Manchester and Newcastle.

The seminar, Alternative Sources of Funding – what’s best for your business?, will focus on the funding labyrinth that is the modern alternative finance world, analysing the positive and negative aspects of peer-to-peer lending, peer-to-business funding and angel investments.

The event begins with breakfast at 8.30am, followed by presentations from four industry professionals; Rick will be joined by representatives from Business Enterprise Fund, Angel Groups and Assetz Capital. A networking session at 10.00am will draw the event to a close.

To find out more and to sign up for a place at the event, please visit the dedicated event page.


11th Mar, 2016

Fintech North Spotlights Alternative Finance in North England

Mark your calendars for the 27th of April for an event that highlights the bursting alternative finance sector in the north of England.

Fintech North will be a packed day of events and speakers so alternative finance experts and rookies can learn, share their stories and network.

Rebuildingsociety and White Label Crowdfunding are organizing Fintech North as part of the Leeds Digital Festival. Featured speakers will include rebuildingsociety Managing Director Daniel Rajkumar and Tom Cheesewright, who created the Applied Futurist’s Toolkit. The day of programming will also include an innovation showcase chaired by Disrupts Magazine & The FinTech Times.

This event is one of the showcase events of the Leeds Digital Festival, which further highlights the prestige of p2p lending and crowdfunding in the digital and alternative marketplaces. We look forward to bringing the best minds in our industry together for this occasion, and we hope to see you there.

You can register for this free event and get more details here.

Agenda
09:00 – Registration, breakfast buffet & networking
10:00 – Opening address & 3 keynote presentations
12:00 – Q&A Panel
13:00 – Networking lunch
14:00 – Innovation Showcase – chaired by Disrupts Magazine & The FinTech Times
15.00 – Break
16:30 – End Keynote
17:00 – Drinks reception

Location: A Q L – 11-15 Hunslet Road, Leeds LS10 1JQ, United Kingdom


09th Jul, 2015

Alternative Finance Ramps Up Competition With Banks

The threat to traditional banking is growing.

From PayPal to peer to peer lending, methods of money management outside of traditional banks have boomed in the last few years. While evidence that they’re creating competition that threatens banks’ foothold in the economic market is still growing, they are expanding options and forcing banks to think smarter as customers begin exploring new ways of storing, transmitting and growing their money.

And peer to peer lending and other programs certainly have banks’ attention. In recent comments, the CEO of the Canadian Imperial Bank of Commerce confirmed that banks will have to adjust to new competition from peer to peer and other markets. Victor Dodig said the bank is looking for ways to leverage interest in Bitcoin and other new technologies to its benefit.

““We can play in that space,” Dodig says. “Will clients move in droves to these new technology platforms to do their lending? I don’t think so.” But, he adds, “Competition always changes the dynamic on pricing. Will there be pressure over time? Of course there will be.”

Other platforms, like Apple Pay and Google Wallet, have facilitated millions of transactions around the world. Executives from Accenture noted that “As banks recover from the downturn, non-banks are taking advantage by proceeding aggressively with digital innovations and capturing more and more of the banking value chain. Accenture estimates that competition from non-banks could erode one-third of traditional bank revenues by 2020.”

Digital wallet services from Google, Apple, Samsung and more have become part of people’s daily payment processes. Each has slightly different offerings in terms of security, ease of use, and compatibility with different devices, digital apps and services. Google continues to tweak Wallet, since it hasn’t been as successful as originally predicted. Of course, many such services integrate directly with bank accounts and existing credit cards, functioning more as an intermediary than an entirely new money management method.

Dodig argues that one deterrent for new financial systems like peer to peer is ongoing uncertainty about security and financial regulations: “Clients that have money with an institution want to make sure that it’s stable and secure, because (deposit) insurance only gives you protection to a certain level,” said Dodig.

However, over time, regulations are becoming clearer and alternative financial models are demonstrating their success and security. rebuildingsociety’s Digital Marketing Manager, Adam Knott, said: “Banks are keeping a keen eye on institutions like rebuildingsociety.com, because they realize the potential for disruption and competition as more individuals and organizations reduce their reliance on traditional banking.”


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