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LendingCrowd

USAEurope
·Jul. 16, 2020

British Business Bank approves Bank of India and Silicon Valley Bank

The British Business Bank (BBB) has approved The Bank of India  and Silicon Valley Bank to deliver the Coronavirus Business...
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News RoundupEuropeOnline Lending
·Aug. 8, 2017

LendingCrowd Launches Cashback Offer

LendingCrowd will give investors GBP150 ($195) for every GBP2,500 ($3,257) investment they make on the platform through August 31; the offer is open to new and existing investors and can also be obtained through investment in the firm's new IFISA; the Edinburgh-based peer-to-peer lending platform is primarily focused on SME loans and has originated GBP15 million ($19.5 million) in cumulative lending from 182 loans. Source

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RegulationNews RoundupFintechEurope
·Nov. 4, 2016

LendingCrowd Gets FCA Approval

The Financial Conduct Authority (FCA) has approved LendingCrowd for full FCA authorization which allows the company to offer investments through IFISAs; the approval follows a £2.75 million Scottish Enterprise investment in the platform's small business loans last week; the FCA's last approval was in October for P2PFA member firm, Lending Works.  Source

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News RoundupEuropeOnline Lending
·Aug. 30, 2017

LendingCrowd Extends Its Cashback Offer

The platform reported a record month in August after launching the cashback offer, gaining over GBP2.25 ($2.91 million) million of investment; LendingCrowd will extend the offer through September 30, giving investors GBP150 ($195) for every GBP2,500 ($3,257) invested; the platform offers investors access to SME loans and has lent GBP17 million ($21.95 million) since launching in 2014. Source

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Online LendingNews RoundupEurope
·Feb. 10, 2017

LendingCrowd Launches IFISA

LendingCrowd has launched its innovative finance individual savings accounts (IFISA); the account has a minimum investment of 1,000 British pounds ($1,250); the account investment will be automatically allocated to a portfolio of LendingCrowd loans; the portfolio will target a rate of return of 6% for its investors; the IFISA product has been well received with the Lending Works IFISA launch attracting more than 500,000 British pounds ($624,850) within three hours.  Source

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News RoundupEuropeOnline Lending
·Oct. 26, 2016

Scottish Government Participates in LendingCrowd Loan Investments

A development agency for the Scottish government, Scottish Enterprise, and its investment arm, the Scottish Investment Bank (SIB), have agreed to fund loans on the LendingCrowd platform; they will invest up to £2.75 million in Scottish small-to-midsized businesses, acting in parallel to the retail investors on the platform; the Scottish government earlier identified SMEs needing financing up to £150,000 as an economic development priority.  Source

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