News Briefing - Crowdfunding, SME And Alternative Finance

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The essentials are here and will be regularly updated. If you want to be well-informed about the investment crowdfunding scene, and you're short of time, this is the place to visit.

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Today's Briefing

1 UK – P2P

P2P Finance News reports:

“GLI FINANCE has announced that its subsidiary Sancus BMS Group has agreed to buy directors’ remaining stakes in Sancus’ Isle of Man business to avoid conflicts of interests.

The Aim-listed alternative finance investment firm said on Friday that Sancus BMS Group, which owns peer-to-peer lending platforms Sancus Finance and FundingKnight, will acquire an additional 6.2 per cent stake in Sancus IoM for £476,238.

This comprises a 3.1 per cent stake owned by Andy Whelan, chief executive of GLI, Sancus BMS and Sancus IoM and a 3.1 per cent stake owned by John Davey, executive director of Sancus BMS and Sancus IoM.

This will increase Sancus BMS’ shareholding in the business to 29.3 per cent.”


2. UK – Crowdfunding

Crowdfundinsider reports:

“Crowd Bonds, a type of debt-based crowdfunding, are gaining traction in the healthcare investment sector with a particular focus on high quality care homes, according to UK crowdfunding platform Downing Crowd. Downing Crowd itself has launched a new £2.5 million Crowd Bond for two established care homes located in Scotland. Both homes are operated by Care Concern Limited, a high-quality care provider.”

 

3. UK – AltFi

 

P2P Finance News reprises the P2P industry fallout from the Budget.

4. International - AltFi

AltFi reports:

“Banking challenger Revolut has signed up 1m European customers since its launch less than three years ago and now is signing up more than 3k new users per day.

This explosive growth in users represents a 50 per cent increase compared to three months ago, when it was signing up 1.5k per day. It says it has saved its users in aggregate over £120m in “hidden fees” in its disruption to traditional banking.  

Over half of Revolut’s 1m users are based in the UK, with more than 150,000 users based in France, 60,000 in the Baltics and over 50,000 in countries such as Germany and Ireland. Revolut has also revealed that over 42 per cent of its users are aged 25-35.

Nikolay Storonsky, founder & CEO of Revolut says while the firm’s organic growth has been “exceptional”, the firm has a long way to go.”

 

5. International – AltFi

Investment Week reports the launch of a new FinTech-invested fund:

“Robeco has launched a Global FinTech Equities fund offering wholesale investors access to listed fintech companies that are digitalising the financials sector.

Domiciled in Luxembourg, the fund will be managed by senior portfolio manager Patrick Lemmens and Jeroen van Oerle, who are both part of the firm's trends investing team.

It will have an ongoing charges figure (OCF) of 1.69% and will be benchmarked against the MSCI All Countries World index.

The fund will select companies which are part of one of three areas; today's winners, financial technology (fintech) enablers and challengers.

Today's winners are companies that already have a competitive advantage, fintech enablers are companies which facilitate a digitisation trend, and challengers are firms which could be future winners.

Lemmens said: "I strongly believe that digital finance will open the way to two billion people who currently do not manage their financial affairs, and that online payment methods will become mainstream, while cash becomes the exception.

"With the launch of this fund, we enable investors to gain exposure to and profit from the trend of increasing digitisation."

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The Daily News Briefing is sponsored by Money&Co. and edited by Martin Baker, Director of Content and Communications at Money&Co and Editorial Director of Another Crowd.

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