We're in the Startups 100 list for 2015!
We’re really pleased to announce that, following a record number of entries this year, we are included in the 2015 edition of the Startups 100, an index of the UK’s “brightest businesses”, “hottest start-up talent” and “successful trailblazers” from a range of industries.
Now in its sixth year, the Startups 100 list recognises privately-owned UK companies launched on or after 1 January 2012 which demonstrate innovation, solid financials and growth potential.
The 100-strong collective of businesses boasts over £140million in investment between them. The rankings are based on a unique scoring system that looks at turnover, net profit, funds raised and employee numbers. In addition, the quality and success in terms of factors such as market innovation, the founders and future potential impact are taken into consideration.
The 2015 index includes companies from a diverse range of sectors and it’s great to see fintech continue to stand out with a number of new entrants. We are now really proud to join the incredibly impressive alumni that the Startup 100 index is home to, including Hailo, notonthehighstreet.com and Currency Cloud. You can read more on how we got there by clicking here.
Our presence in the Startups 100 comes in the wake of our nomination for the honour of ‘Most trusted personal loan provider’ in Moneywise’s Customer Service Awards for 2015, while Lending Works’ co-founder and Financial Director, Matthew Powell, has been nominated for the Real Business’ 2015 FDs’ Excellence Awards, recognising role models in finance.
Such esteemed acknowledgements of our progress are incredibly rewarding, but by no means will it result in us resting on our laurels. Instead, these will inspire us to seek continued and sustained progression in everything we do. We hope the honours continue to flow as we go from strength to strength, but, more importantly, we trust that such acclaim will coincide with an ever-increasing contingent of satisfied customers, who will always be our priority.
The 2019 ISA season is now in full swing, and it's as good a time as any to focus on financial planning - and, within that, looking ahead to your retirement years to ensure financial security.
The Lifetime ISA (LISA), announced in 2016, would prove to be one of George Osborne’s last flagship gestures to UK savers and investors as Chancellor, eventually launching against a backdrop of anti-climax a year later in April 2017.
Over the last decade, there can be little dispute that the reputation of mainstream banks – and particularly the so-called ‘Big Four’ (HSBC, Barclays, Lloyds and RBS) – is at its lowest ebb.
The peer-to-peer (P2P) lending industry is now regulated by the Financial Conduct Authority (FCA). The regulatory framework has been designed to protect customers and promote effective competition.
Loan underwriting is the process that we undertake to analyse all of the information provided by each loan applicant and their credit file to assess whether or not that applicant meets our minimum loan criteria. As part of that process all data is verified, analysed and summarised to paint a picture of each applicant.
When you earn interest from a regular bank savings account, for example, the bank automatically deducts basic rate tax (currently 20%) before paying your interest. With interest earned from peer-to-peer lending, tax is not deducted automatically so lenders will need to declare their income to HMRC.
As 2018 draws to a close, with our bellies full of Christmas turkey, it's only natural to look back on the past 12 months and reflect. No doubt, it's been a turbulent one economically and politically, and not everyone has had it all their own way.