Note: I have not personally invested in The Money Platform and this post is largely a write up of my ‘working notes’ to decide if I will invest.
The Money Platform is a new peer-to-peer lending platform which connects investors directly with individual ‘pay day’ borrowers. Borrowers apply for loans between £250 and £1000 at 0.3% to 0.7% interest per day. These loans are then sold individually to investors via the platform. Loan terms are from 3 to 12 weeks and are non-compounding. Read more “The Money Platform”