It's almost a decade since the first UK P2P Lender Zopa launched, back in April 2005.
Today, I reckon the industry came of age as I received this letter in the post.
This was a letter that came out of the blue effectively saying that Funding Circle is offering £200 million of new funding to businesses that they have selected as worthy. 90% comes from crowdfunding and 10% from the government.
In other words, as the Royal Bank of Scotland squeeze small businesses out of business, Funding Circle gets the official government nod to allow anyone to fund viable companies direct.
The world is changing …