Lending Works Looks Back at 2018 Successes

Peer to peer lender Lending Works is wrapping up 2018 by celebrating the platform’s greatest achievements during the past twelve months. The online lender celebrated five major milestones throughout the year.

“As 2018 draws to a close, with our bellies full of Christmas turkey, it’s only natural to look back on the past 12 months and reflect. No doubt, it’s been a turbulent one economically and politically, and not everyone has had it all their own way. Then again, one could also hark back to that glorious summer of a few months ago, when the blazing sun beat down, and a nation dreamed of footballing immortality. Those were the days! At Lending Works, we’re equally prone to some good old reminiscing too, and for us, 2018 will unequivocally go down as one to remember. We came into it with good momentum off the back of a strong 2017, but this year is one in which we have genuinely taken things to another level. So much so, that narrowing our highlights of the year down to a digestible shortlist is no easy task. But, in the name of succinctness, we’ve done just that.”

The five major milestones are the following:

  • Reaching the £100m milestone: There are a number of key metrics when assessing the progress of a peer-to-peer platform, but one which epitomises the confidence of both lenders and borrowers is that of loan volume.
  • Earning another Moneywise Award: The Moneywise Customer Service Awards is an event which has seen Lending Works enjoy tremendous success, and 2018 was another feather in the cap, as the platform was awarded the ‘Best P2P Platform for Investors’ gong for a third successive year in June.

  • Being Named Deloitte 2018 UK Technology Fast 50: The lender added another significant honor to its award collection, which was being included in Deloitte’s UK Technology Fast 50.

  • Forming a new partnership with Kudos: By leveraging Kudos’ automated online credit application system, Lending Works’ customers can now populate forms, verify income and evidence their creditworthiness instantly.

  • Securing new investment: Lending Works received a private equity boost of £2.8m as part of its Series B investment round.

Speaking about the year’s key highlights, CEO of Lending Works, Nick Harding, stated:

“It’s been another year to look back on with great fondness, and, with the continued support of both our customers and our investors, we find ourselves in a position of strength moving into 2019. This year, we’ve really moved the needle in terms of revenue growth, technology and innovation, while our team of employees has expanded by nearly 50 per cent.”

Harding went on to add:

“Not only have we made huge strides this year, but we’ve also laid the foundations for more exciting new ventures moving into 2019. A very bright future lies ahead for our platform, and we’re thrilled that our customers will reap the benefits on this journey with us. On behalf of the entire team, we’d like to wish you everything of the best for the year ahead.”

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