JustUs, a new peer-to-peer lending platform focusing on the IF ISA space, announced on Tuesday that it has received backing from Chinese financial firm, GuanQun Investment. This news comes just a few weeks after JustUS announced it is preparing to launch a crowdfunding campaign on Crowdcube to raise £1 million (which is now live).
As previously reported, JustUs is part of eMoneyUnion, a peer-to-peer lending platform for personal loans, which raised over £400,000 two years ago. Founded by financial services entrepreneur Lee Birkett, JustUs is described as part of a “new future” for consumers seeking to disrupt the peer to peer lending space. JustUs is the “evolution” of peer-to-peer lending platform eMoneyUnion. Around £2 million has already been invested in the eMoneyUnion platform since inception.
The company revealed GuanQun Investment, which has already invested £50,000, will visit its Cheshire headquarters next week) to discuss strategic international partnerships and the possibility of an investment increase.
Lee Birkett, founder and chief executive of JustUs, said:
“We are excited and delighted to welcome the distinguished delegation from GQI, including members of the investment committee, and look forward to continuing our relationship with this important strategic partner. It is great news that an international business has spotted the potential of JustUs and also share our passion for a healthy and risk-controlled P2P lending model.We have been pleased with the response to our fundraising, despite a period of great financial turbulence since the EU referendum debate, and are greatly excited about the future.”
Last month JustUs launched a £5.35 million fundraise, with £4 million sought from institutional investors. The funds will reportedly be used for expansion and a media campaign.
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