We’re fully authorised! May industry news
This month we’re very pleased to announce that Funding Circle has received full authorisation from the Financial Conduct Authority. Now that we’ve received authorisation, we look forward to being able to offer you industry-leading, tax-free returns with the Funding Circle ISA which we plan to launch later this tax year. Read the full story on our blog and press release. More coverage in Business Insider and City AM. Also, congratulations to Zopa who recently received authorisation as well!
Ten years ago, financial technology began to positively disrupt the way customers use and access financial services. Ever since, we’ve seen an influx of tech companies blossom across the country, offering consumers better service, innovative products and more investment choices – straight from their smartphones. Business owners also benefit from the ability to obtain fast, transparent finance to help grow their business from an array of investors willing to lend and support them.
Speaking of financial control at your fingertips, this article looks at a variety of different apps to help make your money work harder. Advances in the FinTech sector have resulted in new products that can assist you in a number of ways, such as keeping track of your spending or monitoring your stocks and shares investments. To learn more about how to manage your finances, check out a recent blog post by Simon Read, a personal finance journalist, that looks at rising inflation and what it means for your money.
In other news, the Federation of Small Businesses (FSB) and Funding Circle have been sharing ideas as to how the UK can ensure small businesses retain access to capital after we leave the EU. With over five million small businesses in the UK, it’s economically vital that the necessary support is in place to fuel their ability to thrive. The EU has provided billions in funding to businesses in the UK over the years, so this piece suggests that the British Business Bank could step in and fill the gap in post-Brexit Britain based on recommendations made by us and the FSB.
And finally, we wanted to make the voices of British businesses heard, so we asked thousands of business owners for their thoughts on the year ahead. In the space of four days, more than 2,300 small business owners told us about their investment intentions, turnover expectations and also their views on the upcoming general election. What we discovered is that small businesses are resilient and are continuing to go for growth, unfazed by the uncertainty caused by last year’s referendum result and the snap election. Read the full results on our blog.