LendingCrowd is an online

peer-to-peer lending Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and ...

company, based in

Edinburgh, Scotland Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian ...

. 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.

History

Launched in 2014, LendingCrowd is the trading name of Edinburgh Alternative Finance Ltd. and was founded by CEO Stuart Lunn. Since September 2014, the LendingCrowd platform has delivered more than £45 million in loans for over 500 SMEs across Britain In October 2018, LendingCrowd announced the appointment of former Standard Life CEO Sir Sandy Crombie as its chairman.

Innovative Finance ISA

In February 2017 LendingCrowd became one of the first peer-to-peer business lending platforms to provide the Innovative Finance ISA. 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.

Risk and Regulation

Financial Conduct Authority

LendingCrowd is authorised and regulated by the

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...

(FCA). In November 2016 LendingCrowd became one of the first peer-to-peer lenders to move from interim permissions to fully authorised.

References

External links