Harmoney, backed by $100m from investors, was the first company to take gain a peer-to-peer lending licence under the FMCA. Its CEO fields reader questions.
Chris Keall Tue, 02 Dec 2014
The Financial Markets Conduct Act (FMCA), which is being phased in between April 2014 and April 2015, tightened a lot of our securities law.
It also opened two wild-westy new frontiers: crowd-funded equity and peer-to-peer lending.
The latter allows a group of investors lend money to individuals
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