UK Crowdfunding Association appoint new director » SMEInsider

UK Crowdfunding Association appoint new director

With the alternative finance sector booming, the UK Crowdfunding Association has moved quickly to appoint Seema Paterson, head of corporate affairs at Lendingcrowd as its new director.

Paterson will combine her new role as director of the association with her Lendingcrowd responsibilities.

‘‘I am excited to be appointed as Director and am looking forward to working with the other UK Crowdfunding Association Directors and members to create a positive change in the financial services sector and beyond,’’ said Seema Paterson, director of UK Crowdfunding Association.

Lendingcrowd is Scotland’s first peer-to-business loan platform and since it was launched in October last year it has facilitated over £1.25m worth of loans to SMEs across the UK and over 750 people have signed up as investors.

The UK alternative finance market is expected to be worth around £4.4 bn by the end of the year if current growth continues.

‘‘I’m already closely involved with the organisation as part of the tax committee and am very happy to roll my sleeves up to raise the profile of the UK Crowdfunding Association and its members in the financial community,’’ continued Paterson.