Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Lending Works set for further growth after passing £100m milestone

Peer-to-peer lender Lending Works has passed £100 million in terms of the amount of money lent, cementing its position as one of the biggest UK platforms of its type.

The milestone comes just over four years after Lending Works was first launched and a year after it broke through the £50 million mark. Some 20,000 customers – over 16,000 borrowers and nearly 4,000 lenders – have used the platform to date and every penny of capital and expected returns has been delivered to lenders on time.

CEO Nick Harding says the company’s growth has reached a new level in the past 12 months. “We’ve achieved some exciting milestones at Lending Works but reaching the £100m milestone definitely ranks as one of our finest moments. In the past year in particular, our growth has enabled us to stamp our mark on the peer-to-peer lending sector, while maintaining a stable and sustainable footing as we build for the future.

“We’re also very proud to have created a business that is changing financial services for the better. We set out to improve customers’ experience of getting a loan or making an investment. Now with customer satisfaction that is higher than that of Apple or Amazon, we feel we are achieving our objective. Making over 20,000 people’s lives slightly better brings a smile to our faces.”

Lending Works set for further growth after passing £100m milestone


Launched in 2014, Lending Works was the first member of the Peer-to-Peer Finance Association (P2PFA) to receive full authorization from the FCA in October 2016 and was the first to launch the new Innovative Finance ISA in February 2017. Since then, nearly £40 million has been lent via the Lending Works ISA.

Nick Harding says the IFISA will continue to underpin future growth – as will the emphasis on partnerships following the recent collaboration with digital challenger Revolut. With challenges such as GDPR and online protection being thrust into the limelight, Harding is confident that Lending Works has all its bases covered and is well placed to go from strength to strength.

“We are pleased with what we’ve accomplished, but it is also due reward for the resources we’ve invested in establishing solid foundations,” observes Nick. “Over the past two years we’ve focused heavily on recruiting experts in data science, IT, online security and customer service and each of these areas has helped to strengthen our brand and drive growth.

“Being able to expand our business and unlock new channels of loan origination and investment capital from such a strong base leaves us well poised to make 2018 the best yet, and to really challenge the market leaders in the years to come.”