Financial technology, aka ‘Fintech’, has been the catalyst of the huge start-up business scene in London. The UK is the European centre of the ‘Sharing Economy’ and the capital is home to one in 10 of the world’s companies operating within the digital sector. London is, and has always been, a global leader within the financial services industry and, therefore, it is not surprising that the capital is attracting new businesses from across the world. What’s more is that, with London’s technological and financial infrastructure, fintech companies are thriving.
The rise of the alternative financers
London banks are world-leading but, like banks across the globe, were not built on tech foundations. As technology has transformed the way in which consumers go about their everyday lives, traditional financial institutions have been left behind. Consumers seeking banking offerings are simply not finding what they want. This has led to the rise of the alternative financers which are now fulfilling the needs of a newer breed of financial consumer.
Innovators are transforming their offerings and the way in which they interact with their customers through the use of the internet. Alternative financers are stepping in where traditional banks are not fuelling the needs of their customers, offering more appealing rates of return to investors and straightforward access to finance for individuals and businesses seeking funding.
The backbone of fintech companies
It is evident that the most successful fintech companies have been built upon solid, traditional financial foundations, and have then gone on to utilise the internet to launch services. Here at Wellesley & Co, we are proud of our deep financial roots. Our Executive Management Team has a depth of experience within the financial services sector which ensures all of our products are tailored not only by customer demand, but also through first-hand understanding of how the industry operates. Further to this, we have our Wellesley Group Non-Executive and Advisory Team who, together, ensure we maintain our strong focus on the sector to deliver a high quality service to both our borrowers and lenders alike.
The fintech alternative
Wellesley & Co is an asset backed Peer-to-Peer lending platform that offers online services to investors seeking higher than average rates of return. Our model sees investors lend funds through our platform which are lent out on a secured basis to experienced property developers. Investors have the opportunity to earn up to 6.32% with our 5-year lending term, which is significantly more than what is being offered by high streets banks. Although appealing, it is vital for customers of Peer-to-Peer lending platforms to be aware of all of the associated risks and we advise each customer to seek independent advice before investing.
Fintech is going beyond finance; it is offering a complete innovative digital infrastructure to service all types of consumers. With our simple and fair business model, we are delivering products and services where mainstream banks are simply not.