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 e-book 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 thus far to easyMoney’s 4,800 traders. Complete Progressive Finance ISA (IFISA) funds at the moment deployed quantity to greater than £84m.
Learn extra: easyMoney posts 86pc rise in earnings
“We’re thrilled to have reached this vital milestone and attaining it in such a quick interval speaks volumes concerning the dedication of our complete crew,” Ferrando informed Various Credit score Investor.
“On the coronary heart of our operations lies an unwavering dedication to shopper satisfaction, encompassing each our debtors and lenders. This achievement is only one of a number of noteworthy accomplishments this yr.
Learn extra: How compound curiosity works in peer-to-peer lending
“We’ve distributed over £40m in shopper curiosity since our inception and exceeded £200m in present lively loans.
“Our efforts had been recognised finally yr’s Various Credit score Investor awards, the place we had been honoured to obtain an accolade. We eagerly anticipate this yr’s occasion in November, poised to showcase our continued development and innovation within the various lending sector.”
easyMoney has been nominated for IFISA lender of the yr and UK bridging lender of the yr (sub £1bn) within the upcoming Various Credit score Awards.
Learn extra: What to anticipate at this yr’s Various Credit score Awards
