LendingCrowd
 | |
| Company type | Ltd. |
|---|---|
| Founded | United Kingdom (2014) |
| Founder | Stuart Lunn |
| Headquarters | , |
Area served | UK |
| Products | P2P lending |
| Website | https://www.lendingcrowd.com/ |
LendingCrowd is an online peer-to-peer lending company, based in Edinburgh, Scotland. As the first Scottish based crowdlending firm, LendingCrowd has created a platform that enables investors to support small and medium-sized businesses by lending personal capital through small loans whilst earning a monthly interest payment.[1]
History
[edit]Launched in 2014, LendingCrowd is the trading name of Edinburgh Alternative Finance Ltd. and was founded by CEO Stuart Lunn.[2] Since September 2014, the LendingCrowd platform has delivered more than £45 million in loans for over 500 SMEs across Britain [3] In October 2018, LendingCrowd announced the appointment of former Standard Life CEO Sir Sandy Crombie as its chairman.[4]
Innovative Finance ISA
[edit]In February 2017 LendingCrowd became one of the first peer-to-peer business lending platforms to provide the Innovative Finance ISA.[5] Only fully FCA authorised platforms are eligible to offer this product giving investors the opportunity to invest in peer-to-peer lending without having to pay tax on the interest earned.[6][7]
Risk and Regulation
[edit]Financial Conduct Authority
[edit]LendingCrowd is authorised and regulated by the Financial Conduct Authority (FCA). In November 2016 LendingCrowd became one of the first peer-to-peer lenders to move from interim permissions to fully authorised.[8]
See also
[edit]References
[edit]- ^ "Dobbie unveils crowd-lending site for SMEs | Herald Scotland". heraldscotland.com. Retrieved 6 July 2015.
- ^ "LendingCrowd a Scotland first | Invest Edinburgh". investinedinburgh.com. Retrieved 6 July 2015.
- ^ "Marketplace Statistics | LendingCrowd". lendingcrowd.com. Retrieved 1 October 2018.
- ^ "Sir Sandy Crombie joins LendingCrowd as Chairman | LendingCrowd". lendingcrowd.com. October 2018. Retrieved 1 October 2018.
- ^ White, Lucy (9 August 2017). "Octopus is the latest firm to offer the peer-to-peer Innovative Finance Isa". City A.M. Retrieved 14 November 2017.
- ^ Jones, Rupert (18 February 2017). "A new Isa is offering tax-free returns of 12% – so what's the catch?". The Guardian. Retrieved 14 November 2017.
- ^ Murray, Amelia (13 November 2017). "Peer-to-peer lending: is it too late to profit?". The Telegraph. Retrieved 14 November 2017.
- ^ "Lending Crowd gains full FCA approval | Peer2Peer Finance News". P2pfinancenews.co.uk. 3 November 2016. Retrieved 14 November 2017.
External links
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