A Silicon Valley Bank in London

From Oxford colleges starting their own bank, to a peer-to-peer borrowing scheme bypassing traditional lenders, the innovators cash in on the hard times…

The American Silicon Valley Bank today announced the launch of its first UK commercial banking service for the UK’s burgeoning technology industry. The bank, which is the lender of choice amongst Silicon Valley’s buzzing tech scene in the US, now poses a threat to the traditional business lending models of the UK’s high street classics. It counts Facebook and LinkedIn in its roster of clients.

Meanwhile, on Saturday it was revealed that Zopa, has now hit more than £200m worth of loans through its peer-to-peer lending system.

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