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Crowdfunding Explained
Crowdfunding could Revolutionize Lending!
By Rachel Cooper for The Telegraph
8:44AM GMT 17 Dec 2012
Andrew Haldane said that he believed the rise of peer-to-peer lenders such as Zopa and Funding Circle – which match up companies needing money with investors – and crowdfunding, where small amounts are raised from a number of funders, will challenge major banks.“The mono-banking culture we have had since the 1990s is on its way out,” Mr Haldane told The Independent.
“Instead, we are seeing a much more diverse eco-system emerging with the growth of new non-bank groups offering peer-to peer lending and crowdfunding which are operating directly with a wider public.”
Crowdfunding goes mainstream – @Reuters Interviews
Reuters on the road interview Simon Dixon, CEO of BankToTheFuture.com on crowdfunding, crowdinvesting and crowdlending with Bank To The Future.
BankToTheFuture.com founder, Simon Dixon, tells Insider how his business offers hope to cash-strapped SMEs deserted by the banks.