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The e-banking boom is here

Fintech firms have read the script

By Andy Davis   October 2018

A star of the UK “fintech” scene—technology-based financial companies—is about to go public on the London Stock Exchange, valued at around £1.5bn. At that price, Funding Circle, which allows individuals and institutions to lend directly to small businesses via its website (so called peer-to-peer lending) would rank as roughly the 350th biggest company listed in London. Not bad for a firm that’s only eight years old.

In the credit crunch, lending to smaller companies largely dried up, creating an obvious gap for peer-to-peer to fill during the subsequent upswing, while the…

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