Alternative lender Growth Street has announced that over 1000 investors have signed up to lend to profitable UK small businesses through its platform. Growth Street only opened its doors to retail investors in late 2016.
Independent P2P rating service 4thWay has ranked Growth Street as one of the lowest-risk platforms in the UK alternative lending space.
The milestone seals a strong 12 months for Growth Street, after the company was granted Appointed Representative status by the Financial Conduct Authority (FCA) in 2016. In recent weeks, Growth Street revealed that 40% of its investors were under the age of 35.
Greg Carter, Growth Street CEO, commented: “We are thrilled to see that 1000 investors have now signed up to Growth Street, demonstrating retail investors’ confidence in UK SMEs. We have listened to investor feedback over the past six months to improve our offer for individual and business investors alike.
“This is a significant milestone for Growth Street, and we look forward to welcoming thousands more investors over the coming months.”
Growth Street CEO Greg Carter is available for additional comment.