Starling adds Growth Street to marketplace

Starling’s marketplace already covers several partners ranging from Direct Line insurance to online mortgage broker Habito. It allows data to be …
Challenger Banks

The digital bank said the small business peer-to-peer firm is part of ‘a new generation of lenders’.

Starling adds Growth Street to marketplace

Image source: Company supplied

Starling has added small business lender Growth Street to its marketplace of firms connected through the digital bank’s platform.

The London-based peer-to-peer firm offers loans of between £25,000 and £2m to small businesses. Growth Street’s flagship product is GrowthLine, which works much like an overdraft, with small businesses given a limit, they can draw down on and make repayments as often as they like, within agreed limits.

Starling’s marketplace already covers several partners ranging from Direct Line insurance to online mortgage broker Habito. It allows data to be shared securely with other organisations, giving customers access to a suite of financial products to help them manage their money.

Growth Street lends small firms who find their cashflow squeezed up to 85 per cent of the value of a customer’s invoices, up to 35 per cent of work in progress, or up to 35 per cent of the value of a company’s stock.

New lenders

“A new generation of lenders such a Growth Street are providing access to flexible forms of credit, to help businesses deliver on their growth plans,” said Starling as it introduced the peer-to-peer lender in a blog yesterday.

Earlier this week, Starling, launched in 2014, said it has around 770,000 account holders, and expects to top one million customers by the end of the year. It holds £600m in deposits, and estimates it will pass £1bn of customer deposits by the end of 2019.

Starling, led by chief executive Anne Boden (pictured), competes against other UK and European fintech banks such as Revolut, Monzo and N26.

Last month, Growth Street said it had originated more than £500m of loans since the business lending platform was launched five years ago. The firm, led by co-founder and chief executive Greg Carter, currently has around 2,500 investors, who are a mixture of institutional and individual backers.

Comments

Related Posts:

  • No Related Posts

Alternative Lending Market – Expected to Boost the Global Industry Growth in the Near Future …

… SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, Maneo, Capital Float, …

A latest study released by HTF MI on Global Alternative Lending Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Alternative Lending market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part of coverage and have being profiled are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, Maneo, Capital Float, Capital Match & SocietyOne.

Check Exclusive Discount Offers Available On this Report @ https://www.htfmarketreport.com/request-discount/1915922-global-alternative-lending-market-1

Key highlights that report is going to offer :

• Market Share & Sales Revenue by Key Players & Emerging Regional Players. [Some of the players covered in the study are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, Maneo, Capital Float, Capital Match & SocietyOne]

• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.

• Revenue splits by most promising business segments. [By Type (, P2P Lending, Crowdfunding, Others & P2P Lending, Crowdfunding, Others )), By Application and any other business Segment if applicable within scope of report]

• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]

• Patent Analysis** No of patents / Trademark filed in recent years.

• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.

** May vary depending upon availability and feasibility of data with respect to Industry targeted

Market Dynamics:

Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework along with Industry Background and Overview

Click to get Global Alternative Lending Market Research Sample PDF Copy Instantly @: https://www.htfmarketreport.com/sample-report/1915922-global-alternative-lending-market-1

Competitive Landscape:

Mergers & Acquisitions, Agreements & Collaborations, New Product Developments & Launches, Business overview & Product Specification for each player listed in the study. Players profiled are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, Maneo, Capital Float, Capital Match & SocietyOne

Most frequently asked question:

Can we add or profiled company as per our requirement?

Yes, Companies of your interest can be profiled as per clients requirement in the report. Final approval would be provided by research team of HTF MI depending upon the difficulty of survey. Currently list of companies profiled in the study are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, Maneo, Capital Float, Capital Match & SocietyOne

** Data availability will be confirmed by research in case of privately held company. Upto 3 players can be added at no added cost.

Segment & geographic Analysis: What Market Data breakdown will be provided by key geographies, Type & Application/End-users

• Alternative Lending Market Revenue & Growth Rate by Type [, P2P Lending, Crowdfunding, Others & P2P Lending, Crowdfunding, Others )] (Historical & Forecast)

• Alternative Lending Market Revenue & Growth Rate by Application (Historical & Forecast)

• Alternative Lending Market Revenue & Growth Rate by Each Region Specified (Historical & Forecast)

• Alternative Lending Market Volume & Growth Rate by Each Region Specified, Application & Type (Historical & Forecast)

• Alternative Lending Market Revenue, Volume & Y-O-Y Growth Rate by Players (Base Year)

Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/1915922-global-alternative-lending-market-1

To comprehend Global Alternative Lending market dynamics in the world mainly, the worldwide Alternative Lending market is analyzed across major global regions. HTF MI also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.

• South & Central America: Argentina, Chile, and Brazil.

• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.

• Europe: UK, France, Italy, Germany, Spain, and Russia.

• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

Buy Full Copy Global Alternative Lending Report 2018 @ https://www.htfmarketreport.com/buy-now?format=1&report=1915922

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author:

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.



Contact US :

Craig Francis (PR & Marketing Manager)

HTF Market Intelligence Consulting Private Limited

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

Phone: +1 (206) 317 1218

[email protected]

Connect with us at

https://www.linkedin.com/company/13388569/

https://www.facebook.com/htfmarketintelligence/

https://twitter.com/htfmarketreport

https://plus.google.com/u/0/+NidhiBhawsar-SEO_Expert?rel=author

Related Posts:

  • No Related Posts

Financial Technology (FinTech) Market Analysis by Research Development and Future Scope …

… Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, maneo, Capital Float, Capital Match, SocietyOne, and Other.
Financial Technology (FinTech) Market

The Market Insights Reports has published the obtainability of a new statistical data to its repository titled as, Financial Technology (FinTech) Market. The report provides useful insights into a wide range of business aspects such as pillars, features, sales strategies, planning models, in order to be enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.

Financial Technology (FinTech) is a financial services sector, it refers to a digital based lending platform mainly for different borrowing needs, including consumer, small and medium enterprise (SMEs), student loans and mortgages.

In 2019, the market size of Financial Technology (FinTech) is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019.

Click the link to get a FREE Sample Copy of the Report: https://www.marketinsightsreports.com/reports/07161360958/global-financial-technology-fintech-market-size-status-and-forecast-2019-2025/inquiry?source=tribaux&Mode=19

TOP COMPANIES ARE COVERED IN FINANCIAL TECHNOLOGY (FINTECH) MARKET REPORT:Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, maneo, Capital Float, Capital Match, SocietyOne, and Other.

The Global Financial Technology (FinTech) Market 2019 report includes Financial Technology (FinTech) industry volume, market Share, market Trends, Growth aspects, a wide range of applications, Utilization ratio, Supply and demand analysis, manufacturing capacity, Online Course Providers Price.

Financial Technology (FinTech) Market segment by Type, the product can be split into:

P2P Lending

Crowdfunding

Others.

Financial Technology (FinTech) Market segment by Application, split into:

Individuals

Businesses

Others.

Financial Technology (FinTech) Market segment by Regions/Countries, this report covers:

United States

Europe

China

Japan

Southeast Asia

India

Central & South America and ROW.

Click the link to BUY Full Report:https://www.marketinsightsreports.com/report/purchase/07161360958?mode=su?source=tribaux&Mode=19

There Are 13 Chapters To Thoroughly Display The Financial Technology (FinTech) Market:

Chapter 1: Global Financial Technology (FinTech) Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.

Chapter 2: Global Financial Technology (FinTech) Market Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.

Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Financial Technology (FinTech).

Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Financial Technology (FinTech).

Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Financial Technology (FinTech) by Regions (2014-2019).

Chapter 6: Financial Technology (FinTech) Production, Consumption, Export and Import by Regions (2014-2019).

Chapter 7: Financial Technology (FinTech) Market Status and SWOT Analysis by Regions.

Chapter 8: Global Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Financial Technology (FinTech).

Chapter 9: Financial Technology (FinTech) Market Analysis and Forecast by Type and Application (2019-2025).

Chapter 10: Global Market Analysis and Forecast by Regions (2019-2025).

Chapter 11: Global Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.

Chapter 12: Market Conclusion of the Whole Report.

Chapter 13: Appendix Such as Methodology and Data Resources of This Research.

(Special Offer: This report is available up to 15% discount for a limited time only):

The Full Report Description and TOC:https://www.marketinsightsreports.com/reports/07161360958/global-financial-technology-fintech-market-size-status-and-forecast-2019-2025?source=tribaux&Mode=19

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

Avatar

Related Posts:

  • No Related Posts

Financial Technology (FinTech) Market – Major Technology Giants in Buzz Again | Lending Club …

… Tuandai, maneo, Capital Float, Capital Match, SocietyOne. Click to get Global Global Financial Technology (FinTech) Market Research Sample PDF …

The Latest Market study on Global Global Financial Technology (FinTech) market with data Tables, Pie Chart & Graphs is released by Market Intellica that will provide complete assessment of the Market and covers developing trends, current situation analysis, and development factors, and industry validated market data. Some are the key players from the coverage that are also part of the study are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, maneo, Capital Float, Capital Match, SocietyOne.

Click to get Global Global Financial Technology (FinTech) Market Research Sample PDF Copy Here @: https://www.marketintellica.com/report/MI74087-global-financial-technology-fintech-market-report#enquiry

Key highlights of the report:

  • How Companies are profiled in the report ?

    A complete valuation is done on a list of companies taken into consideration by following certain industry standards like NAICS, ICB, etc. to reach the most relevant profile or manufacturers. More importance is given on SMEs that are emerging and evolving in the market with their product presence and industrial upgraded modes, players that are also part of study taken from a vast list of coverage are Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, maneo, Capital Float, Capital Match, SocietyOne and many more.

  • Can we add or profiled a new company or customize a list of companies in the final study?

    Yes, we can add or profile a new company as per client need in the final report. Final confirmation will be provided by the research team depending upon the difficulty of the survey.

  • Any Value Addition Chapters to Provide out of box Assessment?

    Market Entropy: It will provide the randomness of the market which will help you understand the market aggressiveness; players constantly do expansions, technological advancement, M&A, joint ventures. Patent Study: To overcome competition, players constantly make R&D expenses and to better appraise uncertain growth situation of market players and overall industry a patent analysis chapter introduces which will provide insights like no. of patents issued by players each year. Peer Study: A evaluation of peer to peer analysis by key financial metrics such as EBITDA Margin, Net Profit Margin, Gross Margin, Total Revenue, Segmented Market Share, Assets, etc.

    Browse for Full Report at @: https://www.marketintellica.com/report/MI74087-global-financial-technology-fintech-market-report

  • What details will competitive landscape will provide?

    Value proposal chapters to help you understand what level of business tactics key players are involved along with investment and deal size to measure the market. 2-Page profiles for all listed manufacturers along with 3 years financial data to evaluate their overall performance in the market along with business overview, product description, headquarter details, etc.

  • What all county segmentation covered? Can specific country of interest be added?

    Currently, the research report gives special attention and focus on the following regions:

    United States, Europe, China, Japan, Southeast Asia, India & Central & South America.

    ** Countries of specific interest can be included as per Clients Requirement.

To understand Global Global Financial Technology (FinTech) market dynamics in the world mainly, the worldwide Global Financial Technology (FinTech) market is analyzed across major global regions. MI also provides customized specific regional and country-level reports for the following areas.

  1. North America: United States, Canada, and Mexico.
  2. South & Central America: Argentina, Chile, and Brazil.
  3. Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
  4. Europe: UK, France, Italy, Germany, Spain, and Russia.
  5. Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

Inquire for customization in Report :https://www.marketintellica.com/report/MI74087-global-financial-technology-fintech-market-report#customization

Core Segmentation Details:

  1. Global Global Financial Technology (FinTech) Product Types In-Depth:
    • P2P Lending
    • Crowdfunding
  2. Global Financial Technology (FinTech) market

  3. Global Global Financial Technology (FinTech) Major Applications/End users:
    • Individuals
    • Businesses
  4. Global Financial Technology (FinTech) market

  5. Geographical Analysis: United States, Europe, China, Japan, Southeast Asia, India & Central & South America

Buy Full Copy Global Global Financial Technology (FinTech) Report 2019 @ Global Financial Technology (FinTech)

Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report. Thanks for reading this article, you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.

About Us:

Market Intellica provide market research reports on various categories such as Chemicals, Energy, Alternative and Green Energy, Manufacturing, Machinery, Pharmaceuticals, and Materials and many more. We are a one-stop solution for market reports published by most of the leading publishers, that are easy-to-access, updated with new and emerging technology in the market and with a global industry coverage. We assist companies and their executives to make better, faster, reliable and effective decisions with market reports and data-driven market insights because time is important.

Contact Us:

Anna L

Business Development Manager,

+19194262517

sales(at)marketintellica(dot)com

info(at)marketintellica(dot)com

https://twitter.com/IntellicaMarket

https://www.facebook.com/marketintellica/

Related Posts:

  • No Related Posts

P2P Crypto Lending Is on the Rise

While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH …

As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied to ordinary citizens while bypassing its traditional gatekeepers, usurping the authority of banks and credit agencies in the process.

Also read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

The Evolution of Crypto Lending

P2P lending enables individuals and businesses to borrow money from one another. Facilitating this process has traditionally called for a middleman, known as a lending platform, to bring the counterparties together and custody the deal. For SMEs that have struggled to obtain credit through traditional means, P2P lending can be a lifeline, but it is one that can come at a high cost: lending platforms are known to levy significant fees, over and above those awarded to the lender.

The maturation of crypto assets has not rendered lending platforms redundant, but it has allowed for greater efficiencies, resulting in a better deal for both counterparties. Cryptocurrencies don’t just minimize the fees accrued by middlemen, which in this case are typically levied by the lending protocol: they also allow for new forms of digital assets to be collateralized, opening the door to possibilities that are not available within the legacy P2P system.

Finwhalex Conceives New Forms of Crypto Collateral

Finwhalex is a blockchain-based credit platform that’s devised a new collateralization system that allows Steam gaming assets to be swapped for cryptocurrency. With 10 million daily users and $4.3 billion in revenue, Steam is the largest gaming platform in the world. Finwhalex is applying the finishing touches to a system for integrating virtual assets into its collateralized system, enabling Steam users to unlock their illiquid gaming assets.

P2P Crypto Lending Is on the Rise

For digital natives, accustomed to working, living and playing online, swapping non-fungible digital assets for fungible ones such as bitcoin comes naturally. It’s just one of the many ways that P2P lending protocols are deriving liquidity from assets that the legacy financial system has refused to acknowledge, yet which hold significant untapped value.

Maker Dai CDPs Go Through the Roof

Meanwhile, the number of collateralized debt positions (CDP) in the Maker ecosystem has exploded over the last month, resulting in the issuance of $77 million worth of dai stablecoins. Much of this capital is locked into lending protocols that enable businesses and individuals to obtain a stable form of working capital without needing to sell their crypto assets – ETH in this case. The proliferation of CDPs in July, a 29X increase on the month prior, is thanks to an Earn.com campaign that encourages users to generate dai through locking ethereum within their Coinbase wallet.

P2P Crypto Lending Is on the Rise

Six of the top 10 dapps listed on defi.pulse are for lending protocols, with the Maker system followed by Compound, a money market protocol that allows anyone to supply assets to a liquidity pool in exchange for continuously-compounding interest. Rates adjust automatically based on supply and demand. $97 million is presently locked into Compound, followed by Instadapp, with $29 million. Built on top of the Makerdao protocol, Instadapp provides a user-friendly means of managing CDPs and is integrated with fellow defi products Uniswap and Kyber.

The Ethereum ecosystem has dominated P2P crypto lending, aided by its smart contract architecture that enables a diverse array of lending products to be created and automatically enforced. Without the once booming ICO industry to support it, Ethereum’s proponents have been desperately searching for the next use case, which may also account for why the defi narrative is being pushed so aggressively. Nevertheless, the ready availability of stable digital currency, with the suite of lending applications this unlocks, is sure to spark further innovation while granting startups and individuals greater access to capital. Last week, the number of daily ERC20 stablecoin transactions surpassed that of ETH, attesting to the growth of P2P lending on the network.

P2P Crypto Lending Is on the Rise

BCH and BTC Lending Record Robust Growth

Bitcoin has not been left behind in the race to scale P2P lending solutions. Borrowers can obtain fiat cash in exchange for their BCH and BTC through lending platforms such as Nexo and Coinloan. With the latter platform, lenders can supply fiat or stablecoins and earn interest on their stake. Borrowers, meanwhile, can collateralize their bitcoin (or their XMR, LTC, CLT, or ONT) and obtain fiat currency or stablecoins. Coinloan matches lenders and borrowers and handles custody. Provided the borrower pays the interest they are due on time, their crypto collateral will not be touched.

P2P Crypto Lending Is on the Rise
Typical Coinloan borrowing terms for BCH

Nexo operates a similar model, giving borrowers access to more than 45 fiat currencies. Over $100 million of crypto assets are held by Nexo, with Bitgo providing custody and assets fully insured. Coins such as BTC, XRP, and BNB can be used for collateral in exchange for a fiat loan which starts at 8% APR per year. One of the reasons why P2P lending platforms such as Nexo are so popular for crypto businesses is that there are no credit checks. Proving creditworthiness, particularly if you’re a new business, can be extremely difficult, and is one of the biggest impediments to startups getting off the ground. Blockchain businesses with crypto assets on hand have a means to bootstrap without needing to offload their precious cryptocurrency.

It’s a strategy that’s not without its risks, as a significant drawdown in crypto prices could force the liquidation of collateralized assets. Nevertheless, compared to the alternatives – negotiating with crypto-averse banks and extortionate lending platforms – P2P cryptocurrency lending solutions are a welcome alternative. They capture the spirit and utility for which bitcoin was designed and complement P2P exchanges such as local.bitcoin.com, resulting in a trustless and permissionless financial system that is open to all.

What in your view are the main advantages and disadvantages of P2P crypto lending? Let us know in the comments section below.


Images courtesy of Shutterstock.


Enjoy the easiest way to buy bitcoin online with us. Download your free bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

Share this story:
Related

Liquidity Difficulties in China: Second Bank Bail-Out Now Reality

FINANCE | Lubomir Tassev

Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of… read more.

Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

FINANCE | Kai Sedgwick

When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain… read more.

Kai Sedgwick

Kai’s been playing with words for a living since 2009 and bought his first bitcoin at $12. It’s long gone. He’s previously written white papers for blockchain startups and is especially interested in P2P exchanges and DNMs.

Related Posts:

  • No Related Posts