LendingCrowd, looks set to be the latest peer-to-peer lending (P2P) platform to launch the IFISA

13th January 2017
P2P, Peer to Peer Lending
LendingCrowd, looks set to be the latest peer-to-peer lending (P2P) platform to launch the IFISA, having announced that it will launch the product when it receives approval from HMRC.[1]

The Edinburgh based platform, which allows investors to lend to SMEs to raise capital or buy existing loans, will become the latest in a chain of platforms to launch the ISA, following the announcement that LandBay will launch theirs in 2017.[2]

LendingCrowd, CEO, Stuart Lunn, has told that the company will set a minimum of £1,000 investment in the product to ensure diversification across investments, and they could also be looking to allow the facility for regular investments, alongside lump sum.
He said: “We have the mechanism to be able to invest periodically but we haven’t decided whether we will have that from launch or not.”[3] 




 [1] http://www.heraldscotland.com/business/15016608.Peer_to_peer_firm_LendingCrowd_to_launch_innovative_finance_ISA/ 
 [2] http://www.p2pfinancenews.co.uk/2016/12/23/landbay-fca- authorisation/ 
 [3] http://www.heraldscotland.com/business/15016608.Peer_to_peer_firm_LendingCrowd_to_launch_innovative_finance_ISA/ 

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