UK peer-to-peer lending platform CapitalStackers announced it received full authorization from the Financial Conduct Authority (FCA) following a detail assessment.
The company described itself as a direct peer-to-peer lender and matches developers seeking finance with investors. Its key mission is to plug the funding gap between typical bank debt and developer’s equity. CapitalStackers noted that investors typically receive double digital returns up to 20%. Steve Robson, Managing Director of CapitalStackers, stated:
“We have always had a strong commitment to compliance, abiding by strict codes of conduct and giving our investors total transparency on every deal. Becoming an FCA approved lender is a lengthy and rigorous process and gives investors that extra comfort – it is the icing on the cake. We understand that a number of other P2P lenders withdrew their applications when they realised what was involved, which makes our approval status even more significant.”
He then added:
“At CapitalStackers, we only arrange loans to experienced developers, many of whom have already raised part of the funding requirement through a major high street bank and gone through their independent due diligence process, as well as our own stringent checks. No investment is without risk, but ours are carefully assessed, managed, and transparent. Compared to pooled lending, the beauty of direct lending is that investors are fully in control of what level of risk and return they are comfortable with. They choose the deal, loan amount, layer and return and have access to detailed information on which to judge the risks. They like to invest in secured lending against bricks and mortar and the information we provide leaves no room for questions or doubt. They have everything they need to make an informed decision. This transparency and conduct is why our investors are re-investing again and again.”