22nd October 2018
IW Capital has announced senior loan funding of £1.1 million to assist in the acquisition of Troika Systems Ltd, a global leader and specialist supplier to the printing and packaging industry.
Troika Systems Ltd is a long-established and award-winning UK manufacturer and distributor of 2D and 3D microscope scanning and management systems. Fresh Equity Limited, the Midlands-based SME investor, will be working with the management team to further grow the sector profile of Wiltshire-based Troika and its presence in the global marketplace.
22nd October 2018
CrowdProperty, the specialist property peer-to-peer lender, has now repaid over £10,000,000 to lenders, continuing its 100% capital and interest payback track record.
11th October 2018
Goji, the investment manager and platform focused on Direct Lending, today announced it has reached over £100 million in assets on its platform, aiding Goji's mission to open-up the Direct Lending sector to advice. This milestone coincides with Goji becoming a partner of SimplyBiz, the largest adviser-support network in the UK.
Direct Lending is the world’s fastest-growing asset class, yet little of that is advised – it is mostly institutional money or direct investors using one of the large P2P lending platforms. Advisers have been cautious of the asset class, perceived as relatively new and untested, but in light of recent HMRC figures in September 2018, as well as the growing assets on the Goji platform, the tide appears to be turning.
9th October 2018
Capify, an alternative SME finance provider that has helped almost 10,000 UK SMEs to grow and to thrive is eyeing a £125 million+ funding target over the next few years, as it celebrates 10 years in business.
Set up during the height of the credit crunch in 2008, Capify, based in Greater Manchester, has defied the odds to help almost 10,000 SMEs and retailers to raise funding, delivering much needed access to working capital in the form ofand alternative to benefit the UK economy.
2nd October 2018
Idinvest Partners, a leading investor in SMEs across Europe, has announced that its Private Debt team has financed three direct lending transactions as appetite for non-bank funding solutions continues to grow.
26th September 2018
Thincats has announced a new programme for up to £300 million with global asset manager Insight Investment to fund UK SMEs with commercial loans.
On top of £300m from existing investors, Thincats now has a potential £600 million to fund UK SMEs across the full risk spectrum in all regions and sectors from £100,000 to £10 million. Its lending focus remains on meeting borrowers’ ambitions through funding of up to five years to companies with asset backing or reliable cashflows for working capital, acquisition, refinance or growth.
24th September 2018
FUNDING Circle is seeking a market valuation of up to £1.8bn through its upcoming initial public offering (IPO) on the London Stock Exchange.
20th September 2018
Mambu, the SaaS banking engine powering modern digital financial services, has launched Mambu Process Orchestrator (MPO).
20th September 2018
CrowdProperty has been accepted as the first property development peer-to-peer lending platform to join the Peer-to-Peer Finance Association (P2PFA).
7th September 2018
Having funded the 47th project on the CrowdProperty platform, a total of £20,526,000 has now been raised for the development of 307 homes, demonstrating the potential that CrowdProperty has to materially contribute to the much needed housing supply across the UK as it continues its growth trajectory.
6th September 2018
UK Finance has published its Invoice Finance and Asset Based Lending Update for the second quarter of 2018.
4th September 2018
Funding Circle is rumoured to be planning an initial public offering (IPO) within the next two weeks, according to reports. The peer-to-peer lender is reported to be gearing up for a stock market listing in the second week of September.