Peer-to-Peer Lending in your pocket: LendingCrowd launches industry leading app

0
1020

A new app aimed at changing the way people invest in SMEs has been launched by an award-winning peer-to-business lending platform.

In a new development for the burgeoning alternative finance sector LendingCrowd, which has already helped to facilitate almost £4m worth of funding for UK SMEs, has launched one of the most sophisticated financial apps on the market – giving investors instant access to their investment portfolios and the ability to invest on the go.

The peer-to-business lending platform has designed the iOS apps to allow investors to easily complete their whole investment journey, from sign-up and loading of funds to instant investment, on their smartphones and tablets.

The interface gives users the ability to see their whole range of investments at a glance, and also receive notifications when they are outbid or when bids are accepted on the Loan Market.

Stuart Lunn, CEO of LendingCrowd, believes that the app, which builds on their state-of-the-art technology platform, will open up the opportunity to a whole new audience. “The LendingCrowd app is by some distance the most sophisticated mobile offering in the sector and gives our investors instant access to their investment portfolio. The in-house development team here has worked around-the-clock to produce an app that is exceptionally easy to use, with investors now able to embark on the investment journey at the touch of a screen.

“Already the initial feedback has been fantastic and we hope that the ease with which people can use the app will encourage even more potential investors to sign-up and back UK SMEs directly.”

The LendingCrowd app is available as a free download from the Apple App Store, with an Android version on its way.

About LendingCrowd

LendingCrowd is an award-winning peer-to-business crowdlending platform. Since its launch in October 2014 LendingCrowd has facilitated nearly £4m of loans, with over 1,400 people signed up as investors.  It recently celebrated its first birthday by scooping up the prestigious B2B category at the Scottish Digital Business Awards for providing business loans to help support the growth of SMEs.

The business aims to become one of the UK’s leading peer-to-business platforms, bringing new lending products to market to support SME growth as well as offering a wider range of investment opportunities to the market.

The team was co-founded by Stuart Lunn, CEO, who has been working with high-growth tech companies for over 10 years, providing investment banking services and supporting their capital funding, and Bill Dobbie, Chairman. Dobbie has an excellent track record of starting and sustaining successful businesses including iomart and Maxymiser, which was recently sold to Oracle.

www.lendingcrowd.com  

*As an Investor it’s important to remember you’re lending to businesses so your capital is at risk. Borrowers need to be mindful that defaulting might lead to the debt being passed to an agency for collection. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme. Investors can earn between 5.95% and 12.25% or more based upon LendingCrowd’s Credit Bands. Interest rates are guided by the credit grading allocated to each loan in which you choose to invest. Higher risk investments may yield greater returns but can also lead to lower returns if the business is not able to fully repay its debts. This is known as Bad Debt.

Peer-to-Peer Lending in your pocket: LendingCrowd launches industry leading app