Peer-to-peer improvement finance supplier easyMoney has reported an 86 per cent year-on-year rise in pre-tax income to £2.097m, regardless of a difficult yr for the property sector.
The agency additionally reported an 18 per cent year-on-year enhance in income to £6.04m for the 12 months to 31 December 2023, in line with paperwork filed with Corporations Home.
Learn extra: Property market begins “muted” restoration as mortgage arrears sluggish
The outcomes come as easyMoney – which has lent greater than £375m to this point – expects to exceed the £400m milestone by the tip of 2024.
“Though 2023 was difficult for the property sector, we’re delighted that our workforce managed to considerably exceed £300m in loans written,” mentioned Jason Ferrando, chief govt of easyMoney.
Learn extra: easyMoney buyers earn greater than £30m
“To have the ability to obtain a lot in a difficult financial surroundings is testomony to our workforce as we now start to interrupt information in 2024.
“easyMoney not solely gives aggressive funding to property professionals throughout the UK but in addition presents engaging returns to platform buyers.”
easyMoney gained the accolade of IFISA Supplier of the 12 months on the Peer2Peer Finance Awards final yr.
Learn extra: easyMoney finds UK buyers bullish on 2024
