Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More
The team at Lending Works recently shared their Q1 2022 performance update on their stats page, and they also released their Outcome Statement for 2021. During Q1 2022, Lending Works claims that it focused on “understanding the impact of cost-of-living challenges on [their] active loan… Read More
Lending Works recently released their Q4 2021 performance update on their statistics page. As noted by Lending Works in a blog post, the expected annual returns and expected annual loss rates have “remained relatively stable compared to our Q3 2021 update.” The announcement from Lending… Read More
Nicholas Harding, Co-founder and CEO at Lending Works, noted that he established the firm with help from Matthew Powell, Co-founder and CFO, back in 2014. Harding explains that they believed that technology could “transform customer experience in financial services.” Their aim was to “deliver this… Read More
The 36H Group launched in January of 2020 as the unified voice for lending platforms that accept retail investments. 36H replaced the UK Peer to Peer Finance Association, a group that had long been a prominent advocate for the emerging P2P lending sector – a… Read More
The team at Lending Works, a London-based peer to peer (P2P) lender, confirmed on July 3, 2020, that it’s pleased to report that, pending regulatory clearance, the lending platform is being acquired by Intriva Capital. On July 5, 2020, Lending Works was fully acquired by… Read More
Peer to peer lender Lending Works announced on Tuesday it has surpassed £150 million in successful loans to households and firms. The online lending platform reported it has so far helped more than 25,000 people to get a better value personal loan since its launch in January… Read More
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… Read More
Peer to peer lender Lending Works has selected three new members for their Board of Directors. The online lender has appointed; Simon Waugh, former Chairman of CMC Markets, Deputy CEO of British Gas, Paul Noble, CEO of Honeycomb Finance, a Pollen Street Capital business, and… Read More
Artificial Intelligence (AI) is creeping into every sector of the economy. Financial services is a huge beneficiary of AI as it has the potential to provide better services at a lower cost to many more people. In the recent Autumn Budget presentation by Chancellor Philip… Read More
Lending Works has received £2.8 million in funding in a round led by Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity. The UK peer to peer lender said proceeds will be used to fuel growth including loan customer acquisition… Read More
Following the two year anniversary of Brexit, UK peer-to-peer lender Lending Works analyzed the economy, fintech, and peer-to-peer lending industry following the historic EU referendum. The online lender revealed: “Last week marks two years since the historic EU referendum, which saw the British people stun… Read More
UK-based peer-to-peer lender Lending Works announced this week it surpassed £100 million in online lending. According to Lending Works, the milestone comes just a little over a year after the platform surpassed £50 million. The lender also reported that 20,000 customers (over 16,000 borrowers and nearly 4,000 lenders)… Read More
On Monday, Credit Kudos, a challenger credit bureau, and Lending Works, a fast-growing peer-to-peer (P2P) lending platform, announced they were teaming up to launch a new Open Banking initiative, which is described as a secure way for banking customers to take control of their financial data. According… Read More
The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More
On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible personal… Read More
Last week, UK-based online lending platform Lending Works celebrated 2017 by looking back at all its successes. The online lender revealed in a blog post: “2017 is a year which we will look back on with great pride. In 2016, a lot of groundwork was… Read More
Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More
UK-based peer-to-peer lending platform Lending Works announced on Wednesday £8.8 million has been invested into the company’s Individual Savings Account (ISA) since its launch on February 8th. The online lender claims to be the first member in the peer-to-peer lending industry to launch its ISA. Lending Works… Read More
Revolut is a prominent member of the growing legion of digital only challenger banks. The app-based bank previously crowdfunded £1 million on Crowdcube as part of a larger funding round in 2016. Revolut has raised about £15 million to get the platform up and running… Read More
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