Post by shimself on Mar 23, 2016 9:52:48 GMT
seeing as the mods are on the rampage this week I thought I would use What On Earth? rather than the usual version
I was somehat uneasy already to discover that RS now have a load of business loans. But now* they are buddying up with Syndicate Room to lend to businesses!
Now I really like Syndicate Room, based in Cambridge with all the history of innovation there during the last 50 (my god 50!) years, innovation with better and better business understanding behind it during that time, really good angel investment expertise and their thing is that the angels invest but let less expert investors in alongside on the same conditions. That's good. But bearing in mind that despite all this most of these new businesses will lose money and fail, because life and competition and technical progress is like that.
But why oh why would Ratesetter think it's a good idea to run this sort of risk with their customers' money? OK I think it means companies who have survived for a year or two rather than the near startups but even so.
* lending-times.com/march-22nd-2016-daily-news-digest-lending-times/
Peer-to-peer lending platform RateSetter has entered into a unique referrals partnership with angel-led equity crowdfunder SyndicateRoom. The two alternative finance platforms will now refer businesses to one another depending on the specific funding requirements of those businesses. The dream scenario, we suspect, is that businesses that begin by taking on equity money atSyndicateRoom will in time develop to the point that a debt-based solution makes sense, which is when RateSetter comes in
RateSetter. The platform – which initially lent solely to consumers – published an update in November 2015, which revealed that 40% of its outstanding loan book was then comprised of loans to businesses (30% in commercial loans and 10% in property loans).
I was somehat uneasy already to discover that RS now have a load of business loans. But now* they are buddying up with Syndicate Room to lend to businesses!
Now I really like Syndicate Room, based in Cambridge with all the history of innovation there during the last 50 (my god 50!) years, innovation with better and better business understanding behind it during that time, really good angel investment expertise and their thing is that the angels invest but let less expert investors in alongside on the same conditions. That's good. But bearing in mind that despite all this most of these new businesses will lose money and fail, because life and competition and technical progress is like that.
But why oh why would Ratesetter think it's a good idea to run this sort of risk with their customers' money? OK I think it means companies who have survived for a year or two rather than the near startups but even so.
* lending-times.com/march-22nd-2016-daily-news-digest-lending-times/
Peer-to-peer lending platform RateSetter has entered into a unique referrals partnership with angel-led equity crowdfunder SyndicateRoom. The two alternative finance platforms will now refer businesses to one another depending on the specific funding requirements of those businesses. The dream scenario, we suspect, is that businesses that begin by taking on equity money atSyndicateRoom will in time develop to the point that a debt-based solution makes sense, which is when RateSetter comes in
RateSetter. The platform – which initially lent solely to consumers – published an update in November 2015, which revealed that 40% of its outstanding loan book was then comprised of loans to businesses (30% in commercial loans and 10% in property loans).
