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Money High Street: 17 facts about alternative finance in 2017

Accessing funds is crucial to SMEs, and with banks getting more strict with loans a lot of companies turn to other sources of funding such as peer to peer or crowdfunding. A study by the Cambridge Centre for Alternative Finance found that “82 per cent of consumer loans, 78 per cent of traded invoices (i.e. receivables) and 38 per cent of business loans are now funded by automatic selection or automatic bidding processes on European alternative finance platforms.”

Read the full article [moneyhighstreet.com]