How Samir Desai launched the iTunes of banks

Samir Desai of Funding Circle
Samir Desai, co-founder of Funding Circle

Even before the financial crisis, many borrowers were unhappy with the high interest rates charged by banks, while savers felt they weren’t getting paid enough on their deposits. The crisis only made things worse – but also gave birth to one of the most exciting trends in banking: the rise of peer-to-peer (P2P) lending, also known as crowd lending.

P2P still relies on the age-old concept of pooling savers’ resources and lending them on [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking