Post by bigfoot12 on May 7, 2015 17:21:56 GMT
Funding Circle just raised $150m so they can afford to lose £10.8m for a few years. Perhaps their investors think that gives them a better chance of hitting a realistic scale more quickly and before Hargreaves Lansdown or someone else better placed to compete has a chance to get going. A medium sized bank with a forward looking management team could wipe the floor with most of the P2P companies. Fortunately for Funding Circle that doesn't seem to be happening yet, but it needs to get big enough quickly to be able to fend that off should it happen. City AM (free paper given out in London) now has a crowdfunding section every week.
