April 9, 2019

10 UK-Based FinTech Startups for Higher Returns Through P2P Lending

P2P lending is a hybrid form of investment and savings that can offer higher returns than traditional methods. By locking up their money for several years in high-risk loans, P2P lenders can draw a higher rate of interest compared to corporate bonds and gilts. Targeted rates usually range from 3% (low risk) to 10% (high risk) loans. Here’s a look at 11 UK-based P2P lenders and their product offerings: Zopa, a London-based company founded in 2005, has raised $190 million in total funding. Zopa provides an online lending platform that matches people looking to invest with the people who are looking for personal loans. It has over 60,000 active lenders and offers up to 5% in average returns. LendInvest, a London-based company founded in 2013, has raised $98.5 million in total funding. It is a marketplace lending platform for residential and commercial mortgages in the UK. Lend Invest offers 5–8%…

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