Lending Works

Sector Financial Services
Deal Type Growth Capital
Initial Investment July 2018
Transaction size £2.8m
Location London
Maven Office Bristol
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About Lending Works

Lending Works is a leading UK peer-to-peer (P2P) platform which seamlessly connects private and institutional lenders to individual and corporate borrowers. It provides an alternative to traditional lenders such as banks and building societies for customers seeking a loan, helping them to take control of their own finances. These loans are both low cost and flexible, and also deliver a competitive yield to lenders or investors, which often betters the rate that they could typically receive on their savings. 

The business was the first major P2P platform to be fully authorised by the Financial Conduct Authority, the first to be authorised to provide an ISA offering and is also the first P2P provider to have negotiated insurance cover for its lenders, providing protection against a borrower defaulting on debts. This enhanced protection means lenders can take greater comfort that their money is secure. 

We have very ambitious plans to both dramatically improve the consumer credit market for customers and build a business that funds billions of pounds of loans per year. This investment will enable us to continue on that journey. The team at Maven immediately understood our business model and is supportive of our growth strategy. We look forward to working with them to take the business from strength to strength.
Nicholas Harding, CEO at Lending Works
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