Monzo is a smart-phone only digital bank – sometimes called a ‘Neobank’ in some news articles. I’ve been using it over the last few months and wanted to share it with P2PBlog readers particularly as a smart way to spend money (and save fees) when travelling abroad. It’s probably not one for those who are cautious of sharing their private data with 3rd parties, but there are some key benefits of using the app which I will cover in this review. For the time being, the major draw is no fees on foreign cash withdrawals, though unfortunately this may be about to change. Read more “Monzo Review: (For Now) an Ideal Pre-Paid Card for Frequent Travellers”
Unbolted is a P2P lending platform which focuses on pawn backed security loans and auction related lending, such as sale advances and ‘bid now, pay later’. Founded in December 2014, they lend out to borrowers at a representative APR of 40.3% whilst paying investors between 8% and 10.5% per annum. The lower paying 8% loans (0.65% per month) are ‘gold loans’. These are very well secured: 80% LTV against the scrap metal value with a hedge against gold price fluctuations. Read more “Unbolted Review”
RateSetter is a British peer-to-peer lending platform that provides loans to households and businesses. Since launching in Autumn 2010 they’ve lent around £2bn, making them one of the ‘big 3’ platforms (RateSetter, Zopa, Funding Circle).
RateSetter are a ‘hands-off’ platform with no individual loan-part management/selection: you just choose an investment product and rate. For this reason it’s an easier platform to start off with for P2P lending beginners. You choose an investment product and rate of return that you would be happy to lend at, then wait for the lending market to match your offer. Choose a rate that is too high and your money will be sat there without earning interest. Choose a rate that is too low and miss out on higher returns! Read more “RateSetter Review”
Huddle Capital first popped onto my radar at the end of March with this post by Cooling_Dude on the P2P Independent Forum. They were offering a special promotional deal for the first 100 investors, which on first glance appeared too good to be true: 20% cashback on investments for the first 100 investors. However, when you think about it, say an average of £1,500 invested for the first 100 people comes out to £30,000 total spend in cashback, not that bad for a marketing spend to launch your new platform and iron out the problems. Read more “A First Look at Huddle Capital”
ArchOver is a peer to business lender that specialises in secured and insured loans against Accounts Receivables (AR). Since their launch in 2014 they’ve funded around £30 million in loans. They state an enviable track record of no missed payments or defaults whilst offering high interest rates of 6% to 8.5% to their lenders. Read more “ArchOver Review”
Flender is a new UK/Irish peer to peer lending platform with a social slant. For a business or consumer to borrow on Flender they first have to successfully raise funds from their friends or customers before opening up the opportunity to the wider public. Flender hopes this will help to reduce defaults, and do it in addition to standard checks run by other P2P lending sites. Current lending opportunities offer interest between 8% and 11%, though borrowers can set their rate as they like. Flender makes its money from a 2.5-4% margin on consumer borrowers or a 3.5% fee to businesses after a successful funding raise; there are no fees for lenders. Read more “Flender Review”
Property Crowd is an ISA-friendly real estate crowdfunding platform that offers investors a chance to invest in “institutional grade” property deals from £5,000. They’ve been around since 2014, but relaunched with ambitious plans as part of Global Alternatives at the start of 2017. Those ambitious plans (a ‘cross-border property trading exchange’) were what first piqued my interest in Property Crowd, and I set up a call with one of their co-founders Charles Tan to understand more. Read more “Property Crowd Review”
Property Partner is the UK’s largest Property Crowdfunding Platform with over £50 million invested to date (versus ~£10 million Property Moose or ~£43 million on The House Crowd). I’ve been investing with them since July 2016: so perfect timing to report on performance amidst the post-Brexit property gloom. I’ve also used The House Crowd and Property Moose, so this review is based on my experience in relation to the others too.
Property Crowdfunding platforms allow investors to buy shares in property investments and benefit from ongoing rental income and house price increases. Properties are held within an SPV (Special Purpose Vehicle) which is a specially created UK LTD company to hold the asset. Read more “Property Partner Review”
Abundance Investment are one of the first established P2P platforms to offer a fully functioning IF ISA. They focus on renewable energy projects like wind turbines or solar farms. Looking down a list of their completed investments, they generally target between 5% and 12%. Read more “Abundance Investment ISA Q&A”
I first came across CapitalRise when researching Innovative Finance ISAs: they were among the first to offer a working IF ISA product. From what I saw, CapitalRise target property deals in the the high end luxury London market. This is an example of one of their latest investments, a £19million development opposite the Royal Courts of Justice in London:
I reached out to Uma Rajah, the CEO of CapitalRise, with some questions about their platform, the ISA and the investments they offer. Read more “CapitalRise Q&A”