ALTERNATIVE FUNDING FOR START-UPS
ThinCats Team
UK , peer-to-peer business lending grew 272 percent from 2012 to 2014 , followed by reward-based crowdfunding up 127 percent , equity based crowdfunding up 116 per cent and peer-to-peer consumer lending up 113 percent .
So how do you access alternative funding ? The report took information from 170 platforms , however Kevin Caley , Managing Director and Co-founder of one P2P facilitator , ThinCats welcomes the renewed focus on the UK ’ s performance in this sector : “ What ’ s clear from these fascinating figures is that peer-topeer business lending is now seen as one of the most important financial innovations for several generations . It ’ s a democratic response to the crisis in traditional financial institutions that has starved SMEs of the funds they desperately need and taxed savers to pay for bailing out the banks by reducing returns on their investments to virtually nothing .”
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