Timothy Charles Sawyer CBE is the CEO of Bank of Maldives. Formerly he was the Chief Investment Officer of Innovate UK, the investment arm of UK Government. [1] This role sees him head up the newly-formed innovation lending directorate, with responsibility for the planned innovation loans programme. [2] Formerly he was CEO of Start Up Loans, a private sector initiative backed by Government with a mandate of delivering £350m funding to start-up companies in the United Kingdom (UK). [3] He is also Chairman of Folk2Folk, a peer-to-peer lender to small and medium-sized businesses in the UK. [4]
In 2002, Sawyer co-founded Cahoot, the internet division of Santander UK plc, which he went on to run between the years 2002 and 2005. [5] Sawyer has also been Chairman of Banque Dubois in Switzerland and Chief Operating Officer of OneSavings Bank.
Sawyer was appointed Commander of the Order of the British Empire (CBE) in the 2016 Birthday Honours for services to small businesses and entrepreneurs. [6]
Announced in December 2017, Sawyer was appointed as an Ordinary Member to the Competition Appeal Tribunal by Minister for Competition, Margot James MP. This appointment commenced February 2018. [7] [8]
In December 2018, Sawyer was announced as the new Chair of the Board of Governors at the University of Bedfordshire. [9]
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources.
The Engineering and Physical Sciences Research Council (EPSRC) is a British Research Council that provides government funding for grants to undertake research and postgraduate degrees in engineering and the physical sciences, mainly to universities in the United Kingdom. EPSRC research areas include mathematics, physics, chemistry, artificial intelligence and computer science, but exclude particle physics, nuclear physics, space science and astronomy. Since 2018 it has been part of UK Research and Innovation, which is funded through the Department for Business, Energy and Industrial Strategy.
Doug Richard is an American entrepreneur best known for his television appearances in the United Kingdom. He appeared as a "Dragon" on the first two series of Dragons' Den and was also a government adviser.
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.
LendingClub was an American peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
Zopa is a UK based peer-to-peer lending company founded in 2004 which has a banking licence. It launched in the UK in March 2005. Zopa was the first peer-to-peer lending company.
Karen Gordon Mills served as the 23rd Administrator of the U.S. Small Business Administration (SBA). She was nominated by President-elect Barack Obama on December 19, 2008, confirmed unanimously by the Senate on April 2, 2009, and sworn in on April 6, 2009. During her tenure, her office was elevated to the rank of Cabinet-level officer, expanding her power on policy decisions and granting her inclusion in the President's cabinet meetings. On February 11, 2013, she announced her resignation as Administrator and left the post on September 1, 2013.
DueDil is a company intelligence platform covering the SME economy.
Assetz Capital is a British peer-to-peer or "marketplace" lender which allows private and institutional investors to lend money directly to small businesses (SMEs) and property developers.
Ruby McGregor-Smith, Baroness McGregor-Smith, is a British business executive and politician. McGregor-Smith was the former CEO of Mitie Group PLC, a UK facilities management business, from 2007 to 2016. She was nominated as a Conservative life peer in August 2015.
Sherry Coutu CBE is a serial entrepreneur, former CEO, angel investor and non-executive director based in Cambridge, UK and originally from Canada.
The House Crowd is a UK peer to peer lending and crowdfunding platform that allows people to invest in bridging loans and property development loans from £1,000. In 2018, the business achieved authorisation from the Financial Conduct Authority and launched their Innovative Finance ISA. As of January 2019, The House Crowd had funded 368 properties, raised over £93 million and paid investors returns in excess of £38 million.
Alternative finance refers to financial channels, processes, and instruments that have emerged outside of the traditional finance system such as regulated banks and capital markets. Examples of alternative financing activities through 'online marketplaces' are reward-based crowdfunding, equity crowdfunding, revenue-based financing, online lenders, peer-to-peer consumer and business lending, and invoice trading third party payment platforms.
StreetShares, Inc. is a financial technology company and small business funding marketplace based outside of Washington, D.C.
FOLK2FOLK is a peer-to-peer business lender (P2P) specialising in secured lending for rural businesses and SMEs. It matches businesses looking for finance with local individual and institutional investors who receive a fixed interest rate of between 4.5% and 9% p.a. secured against UK land or property. Lenders receive the same interest rate that the Borrower pays, with FOLK2FOLK making its profit from an arrangement fee and annual renewal fee charged to Borrowers.
On Deck Capital is a global online small business lending company that is listed in the United States. It has offices in New York; Arlington, Virginia; and Denver, Colorado in the United States; Toronto and Montreal in Canada; and Sydney in Australia.
Thomas Segun Ilube is a British entrepreneur and educational philanthropist. He is ranked first in the Powerlist 2017, an annual listing of the UK's 100 most powerful people with African or Afro-Caribbean heritage.
Patch of Land is a peer-to-peer real estate crowdfunding online marketplace and hard money loan provider that connects real estate developers needing financing to lenders and real estate investors. Patch of Land focuses on 6–24 months real-estate first lien mortgage loans with borrower guarantees.
Jenny Griffiths is the founder and CEO of Snap Fashion. She is a software engineer turned entrepreneur.
Tide is a UK financial technology company providing mobile-first banking services for small and medium-sized enterprises. It enables businesses to set up a current account and get instant access to various financial services. Established in 2015, Tide is one of the first digital-only finance platforms in the UK to provide current accounts for businesses. As of 2020, it had offices in London (headquarters), Sofia (Bulgaria) and Hyderabad (India).
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