Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies like Funding Circle, iwoca and OakNorth continue to grow as banks show no signs of loosening their strict underwriting standards; Skinner points out that it is not all good news, though, as LendingClub recently shut down their their SME financing arm and the the CEO of Barclays Business Bank, Ian Rand, predicted recently that many of these new fintech lenders will eventually go bankrupt. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.