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How Peer to Peer Lending and Crowdfunding Drive the FinTech Revolution in the UK

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Banking Beyond Banks and Money

Part of the book series: New Economic Windows ((NEW))

Abstract

An overview of the booming alternative finance sector in the UK which generated more than £3.2 billion in investments and loans in 2015, an increase of more than 80 % over 2014. Susanne Chishti, CEO of FINTECH Circle describes the business models and drivers behind the industry’s success and highlights UK’s leading peer to peer lending and crowdfunding platforms.

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Notes

  1. 1.

    http://www.nesta.org.uk/sites/default/files/pushing_boundaries_0.pdf.

  2. 2.

    http://www.thisismoney.co.uk/money/diyinvesting/article-3062370/The-investment-trusts-backing-lending-platforms-10-return.html.

  3. 3.

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/467443/bpe_2015_statistical_release.pdf.

  4. 4.

    http://www.fscs.org.uk/what-we-cover/products/banks-building-societies/.

  5. 5.

    http://www.ft.com/cms/s/0/22559850-15d9-11e6-b197-a4af20d5575e.html#axzz48MJxuygb.

  6. 6.

    http://www.standard.co.uk/business/markets/funding-circles-samir-desai-after-the-banking-cowboys-here-comes-the-new-wave-loan-arranger-9082657.html.

  7. 7.

    https://www.fundingcircle.com/us/about/press/.

  8. 8.

    https://www.fundingcircle.com/lenders/terms.

  9. 9.

    https://www.fundingcircle.com/blog/press/.

  10. 10.

    https://en.wikipedia.org/wiki/Zopa.

  11. 11.

    http://www.crowdfundinsider.com/2016/01/80641-ratesetter-tops-1-billion-claims-record-pace-for-uk-marketplace-lending/.

  12. 12.

    https://www.ratesetter.com/invest/everyday-account/protection.

  13. 13.

    http://www.wired.co.uk/news/archive/2015-07/08/crowdcube-darren-westlake-wired-money-2015.

  14. 14.

    http://www.crowdfundinsider.com/2013/12/29179-seedrs-closes-2013-high-note-3-million-raised-december/.

  15. 15.

    http://www.crowdfundinsider.com/2015/04/66388-seedrs-leads-the-way-in-raising-capital-for-other-crowdfunding-platforms/.

  16. 16.

    https://en.wikipedia.org/wiki/SyndicateRoom.

  17. 17.

    http://www.businessweekly.co.uk/tech-trail/funders/businesses-can-now-bank-diverse-range-funding-options.

  18. 18.

    http://www.4thway.co.uk/news/uk-leading-the-way-on-p2p-lending/.

  19. 19.

    http://www.altfi.com/article/1140_key_talking_points_from_p2p_ceo_breakfast.

  20. 20.

    Cambridge Alternative Finance: Moving Mainstream 2015.

  21. 21.

    Cambridge Alternative Finance: Moving Mainstream 2015.

  22. 22.

    http://www.ft.com/cms/s/0/9e966ff2-ed48-11e5-9fca-fb0f946fd1f0.html.

  23. 23.

    http://www.nesta.org.uk/sites/default/files/pushing_boundaries_0.pdf.

  24. 24.

    https://www.syndicateroom.com/about-us/success-stories/mill-residential-reit.

  25. 25.

    http://www.fca.org.uk/static/documents/finalised-guidance/fg15-04.pdf.

  26. 26.

    http://allabout.siansplan.com/hacked-way-100k-crowdfunding.

  27. 27.

    http://www.moneysavingexpert.com/news/savings/2016/04/major-peer-to-peer-lenders-still-months-off-unveiling-ifisas-amid-approval-backlog-.

  28. 28.

    http://www.gov.uk/seed-enterprise-investment-scheme-background.

  29. 29.

    http://www.gov.uk/government/publications/the-enterprise-investment-scheme-introduction.

Author information

Authors and Affiliations

  1. FINTECH Circle, London, UK

    Susanne Chishti

Authors
  1. Susanne Chishti
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Corresponding author

Correspondence to Susanne Chishti .

Editor information

Editors and Affiliations

  1. UCL, Center for Blockchain Tecnologies, London, United Kingdom

    Paolo Tasca

  2. UCL Computer Science, London, United Kingdom

    Tomaso Aste

  3. SAFE-Goethe University Frankfurt, Frankfurt am Main, Germany

    Loriana Pelizzon

  4. ETH Zurich & ECUREX Research, Zurich, Switzerland

    Nicolas Perony

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Chishti, S. (2016). How Peer to Peer Lending and Crowdfunding Drive the FinTech Revolution in the UK. In: Tasca, P., Aste, T., Pelizzon, L., Perony, N. (eds) Banking Beyond Banks and Money. New Economic Windows. Springer, Cham. https://doi.org/10.1007/978-3-319-42448-4_4

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