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Digital Subscriptions > Prospect Magazine > Oct-18 > The e-banking boom is here

The e-banking boom is here

Investment: Andy Davis

A star of the UK “fintech” scene—technology- based financial companies— is about to go public on the London Stock Exchange, valued at around £1.5bn. At that price, Funding Circle, which allows individuals and institutions to lend directly to small businesses via its website (so called peer-to-peer lending) would rank as roughly the 350th biggest company listed in London. Not bad for a firm that’s only eight years old.

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About Prospect Magazine

In Prospect’s October issue: Rafael Behr argues that politics has been poisoned by Twitter—the platform often drives the political news agenda, encourages people to descend deeper and deeper into echo chambers and sees MPs and their families regularly abused. Meanwhile, former Guardian editor Alan Rusbridger explains how Oxford picks its students and says that more needs to be done for the colleges to be more inclusive. Also, Jasmin Mujanovic outlines how Bosnia’s elections this month could tip the country back into conflict. Elsewhere in the issue: Alex Dean highlights the alarming decline in the number of students studying a foreign language at GCSE and beyond. Will Self reviews a series of new books about liberalism, arguing that “we need more than just social freedoms and the free market.” Aimee Cliff charts the story of the dying dream that London would be a 24-hour city.