Magazine
Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect