Part of an initiative to provide borrowing oppurtunities to business customers that don’t meet their criteria, RBS will begin to refer clients to P2P lenders Funding Circle and Assetz Capital.
When history is written, the Lending Club IPO will serve as the tipping point for the disruption of the traditional lending model, and ultimately the unraveling of the banking sector as we know it.
Dubai-based Beehive officially launched the region’s first peer-to-peer (P2P) online lending platform today, offering a new funding alternative for small to medium sized enterprises (SMEs)
With bank lending to small businesses stuck at less than 4 per cent and a lack of traction to fill the void between financial institutions and government, peer-to-peer lending has emerged as a viable funding alternative in the UAE.
Peer-to-peer lending has been around for roughly a decade, sprouting in the U.K. and quickly catching on in the U.S., but it hadn’t existed in the Middle East until the launch this week of Beehive, a new business that aims at securing financing for small businesses in the United Arab Emirates.
Sitting down with Rick Pudner almost a year after Arabian Business broke the news he was resigning as group CEO of Emirates NBD, there are two things you instantly notice about his appearance.
