easyMoney has reached its £400m lending milestone, because the peer-to-peer lending platform continues to develop.
It comes simply three months after the property lender revealed that its reside mortgage ebook had reached £200m. On the time, easyMoney chief government Jason Ferrando famous that the platform had funded greater than £380m of loans.
Since then, the platform has funded one other £20m, bringing its lending whole since inception to over £400m.
Greater than £40m has been paid so far to easyMoney’s 4,800 traders. Whole Revolutionary Finance ISA (IFISA) funds at present deployed quantity to greater than £84m.
Learn extra: easyMoney posts 86pc rise in income
“We’re thrilled to have reached this vital milestone and reaching it in such a short interval speaks volumes concerning the dedication of our total staff,” Ferrando instructed Various Credit score Investor.
“On the coronary heart of our operations lies an unwavering dedication to consumer satisfaction, encompassing each our debtors and lenders. This achievement is only one of a number of noteworthy accomplishments this 12 months.
Learn extra: How compound curiosity works in peer-to-peer lending
“We’ve distributed over £40m in consumer curiosity since our inception and exceeded £200m in present lively loans.
“Our efforts had been recognised eventually 12 months’s Various Credit score Investor awards, the place we had been honoured to obtain an accolade. We eagerly anticipate this 12 months’s occasion in November, poised to showcase our continued progress and innovation within the different lending sector.”
easyMoney has been nominated for IFISA lender of the 12 months and UK bridging lender of the 12 months (sub £1bn) within the upcoming Various Credit score Awards.
Learn extra: What to anticipate at this 12 months’s Various Credit score Awards