Monthly Archives: August 2019

Hot Business News Today

Four fintechs share £40m funding pot to boost small business finance

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Originally written by Timothy Adler on Small Business
Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance.
The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.
A total of £425m will be given in cash grants to rival business banks and financial technology companies to support small businesses.
Previous recipients include Nationwide, Investec and the Co-Operative Bank.
Read: Best small business loans in the UK
Iwoca
Iwoca has been awarded £10m in funding, pledging to make £5bn available to small businesses by 2023.
The lender has pledged an additional £13m on top of the £10m grant to help open an office outside of London with at least 50 staff.
The £10m grant will expand Iwoca’s SME customer base to 150,000.
Since Iwoca launched in 2012, the small business lender has already funded 35,000 businesses in the UK, raised £350m in equity and debt finance.
Iwoca will make finance more accessible through the introduction of OpenLending, a customisable self-serve “plug & play” platform for a growing number of SME fintech partners involved in small business finance.
And Iwoca has partnered with Xero, the online accounting

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Hot Business News Today

What Do You Do When Your Direct Sales Company Closes its Doors?

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Another one bites the dust. At the end of July, the direct sales company, Chloe + Isabel, closed up shop after being in business for eight years. Not long ago, the uber-popular direct sales company, Lia Sophia shut its doors after 28 years of being in business. According to the Chicago Tribune, it’s estimated that […]

The post What Do You Do When Your Direct Sales Company Closes its Doors? appeared first on The Work at Home Woman.

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Hot Business News Today

Nicola Horlick: ‘I’m likely to be lending a lot more money in a recession’

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Originally written by Anna Jordan on Small Business
Welcome to the second series of Small Business Snippets, the podcast from SmallBusiness.co.uk.
In this episode, Anna Jordan meets Nicola Horlick, an investment fund manager and founder of business peer to peer (P2P) lending firm, Money&Co. She talks about the slowing economy and why you should never go into the restaurant business.
Have a listen to it in the media player below.

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You can also catch our episode with supermodel turned entrepreneur, Caprice
We’ve got podcast episodes from the first series looking at:

How one business owner’s mental breakdown caused her to see trolls from her past
How one entrepreneur hired a videographer to track their every move and build their business brand
How funding a business led one entrepreneur to stress-related alopecia
One entrepreneur’s first professional public speaking engagement
Adapting to UK life and learning English before starting a business
Securing seed funding
Finding the perfect head of customer care
Reaching a £1 million annual rate of return
Boosting client numbers from 30 to 850
Starting a brand new business from scratch

To find out more about Small Business Snippets, you can download the trailer.
If you want to listen to the podcast elsewhere, it’s available on iTunes, Google Play, SoundCloud and Spotify.
Remember to like us on

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