1pm plc set to “inspire Britain” in latest LSE report

SME finance specialist 1pm plc has been named in London Stock Exchange Group’s 1000 Companies to Inspire Britain report, which recognises “some of the fastest-growing and most dynamic SMEs in the UK and Europe”. Featured organisations featured have to demonstrate a strong increase in revenue during the previous three years and outperform rivals in their sector.

1pm plc set to “inspire Britain” in latest LSE report

Nov 26, 2020

SME finance specialist 1pm plc has been named in London Stock Exchange Group’s 1000 Companies to Inspire Britain report, which recognises “some of the fastest-growing and most dynamic SMEs in the UK and Europe”. Featured organisations featured have to demonstrate a strong increase in revenue during the previous three years and outperform rivals in their sector.

Mark Lyons Recruitment – a new recruiter on the block

Times of recession or disruption often give opportunity for new businesses to emerge and evolve. One has only to think of the plethora of challenger banks, independent leasing businesses and new brokerages that transpired in the wake of the 2008/09 recession. In keeping with this trend, the financial services, banking and motor finance recruitment sector today witnessed the launch of a new player, Mark Lyons Recruitment (MLR).

Mark Lyons Recruitment – a new recruiter on the block

Nov 19, 2020

Times of recession or disruption often give opportunity for new businesses to emerge and evolve. One has only to think of the plethora of challenger banks, independent leasing businesses and new brokerages that transpired in the wake of the 2008/09 recession. In keeping with this trend, the financial services, banking and motor finance recruitment sector today witnessed the launch of a new player, Mark Lyons Recruitment (MLR).

LCM Partners reveals funding for new agriculture asset finance lender, Rural Asset Finance

Alternatives investment management firm, LCM Partners, has announced the launch of a new UK-based asset finance lender for the agriculture industry, Rural Asset Finance (RAF). According to RAF, UK the agricultural industry has stepped up at incredibly short notice to provide food and energy to the nation during the pandemic, which is a tangible testament to its strength and underlines the value of keeping such primary resources vibrant within the UK.

LCM Partners reveals funding for new agriculture asset finance lender, Rural Asset Finance

Nov 13, 2020

Alternatives investment management firm, LCM Partners, has announced the launch of a new UK-based asset finance lender for the agriculture industry, Rural Asset Finance (RAF). According to RAF, UK the agricultural industry has stepped up at incredibly short notice to provide food and energy to the nation during the pandemic, which is a tangible testament to its strength and underlines the value of keeping such primary resources vibrant within the UK.

EMEA

British Business Investments unveils latest SME investments totalling £45 million with Funding Circle and Compass Business Finance

Nov 11, 2020

The arrival of a £30 million commitment marks the latest in a series of investments from British Business Investments (BBI) to SME loans platform Funding Circle, in an effort to better support UK SMEs. The commitment will be provided through Funding Circle’s UK SME Direct Lending Fund, which began lending in July 2019 and aims to provide institutional investors - such as pension funds, insurance companies and local authorities - the opportunity to lend directly to a portfolio of SMEs originated by Funding Circle.

Americas

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.