Anil Stocker is Co-Founder and CEO of MarketInvoice – a leading peer-to-peer finance provider.
But they create the possibility of peer-to-peer finance in the developing world that could be useful even in wealthy countries -- for example, allowing small businesses in rural areas to collect money without credit-card systems.
And to MarketInvoice's delight, the U.K. Chancellor recently confirmed plans for an 'Innovative Finance ISA' to allow tax-free investing in peer-to-peer finance from April 2016 — something that the fintech startup aims to benefit from by enabling retail investors to access the MarketInvoice platform.
When I met Renaud Laplanche, and later invested in Lending Club in 2007/2008, there was no such thing as peer-to-peer finance, or fintech at all (my partner challenges me on this, and, in fairness, PayPal and others were certainly fintech businesses; it just wasn't a startup category at the time).
Alibaba.com and peer-to-peer financing site Lending Club have inked a strategic partnership designed to get more U.S. businesses to buy inventory from the e-commerce giant's wholesale marketplace.
Frank-Walter Steinmeier, who was Mrs. Merkel's foreign minister from 2005 to 2009, and Peer Steinbrück, finance minister in the same period, said Germany should take the lead in pushing for more European integration, not less.
The explosion in wealth at the very top of the pyramid has given rise to what the commentator Matt Miller has called a "lower upper class" — doctors, lawyers, accountants, even some journalists, who make very good livings but enjoy nothing like the rewards that come to their peers in finance or in the executive suite.
They claimed that scientists were fabricating evidence in order to obtain government research grants — a ludicrous accusation, I thought at the time, given that the scientists under attack have devoted their lives to finding the truth, and have certainly not become rich relative to their peers in finance and business.
As easy as it would be to follow his peers into finance, boundries were broken, and he left Philadelphia for Los Angeles to follow his dream.
More importantly, it has encouraged a new form of grassroots finance: peer-to-peer (P2P) lending.
Trump, with his personal wealth and an influx of donations, faces fewer obstacles than many of his peers in financing a campaign.
