P2P is on a roll in the UK with business and government support
The hatred felt for banks and British banks in particular is coming home to roost in many ways. The latest which was telegraphed in the Independent Commission on Banking report provides direct government support to P2P lenders.
The Rothschild investment in Zopa the other day now makes sense!
Vince Cable will pledge £55m of the £100m earmarked for small business finance topeer-to-peer lenders, splitting the money between the providers Funding Circle, Zopa, Boost and Credit Asset Management.