THE MODEL: A platform
connecting borrowers to lenders It is a marketplace connecting small businesses
to a wide range of investors including individuals, the Government, institutes
and other financial organizations.
STARTUP: FundingCircle (British startup)
WHAT I LIKE
Core Idea – A
lending marketplace is a great way to secure a better deal for everyone.
Ease of Use – The
website should be transparent and easy to use for both lenders and borrowers.
Investment from
Government – The British Business Bank has invested 40 million pounds,
further enhancing the credibility of the platform.
CONCERNS
Competition – Banks and other financial organizations are
competitors for the startup, although they can decide to work with the startup
to leverage the startup’s reach.
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