18Jan

The FCA Rules on Becoming an Appointed Representative for Crowdfunding Platforms

In the UK, you can’t start a P2P lending platform without authorisation from the Financial Conduct Authority (FCA). While some types of crowdfunding, for example GoFundMe, do not require an appointed representative, others do. Now, in 2021, crowdfunding platforms are still a relatively new instrument of digital financing. Regulations are still in their infancy, and although they are evolving all…
15Jan

The Impact COVID-19 Has Had on Peer-to-Peer Lending

In the years following the global financial crisis of 2007-2009, peer-to-peer lending was viewed as a fintech alternative to mainstream banking. The ability to directly connect borrowers with lenders via online platforms, cutting intermediary costs which allowed for higher deposit rates and lower borrowing rates was revolutionary. In a market rich in falling interest rates, more and more yield-hungry investors…