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Peer2Peer Finance News | August 24, 2019

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Abundance launches IFISA offer

Abundance launches IFISA offer
Suzie Neuwirth

ETHICAL peer-to-peer investment platform Abundance has launched a new incentive for its Innovative Finance ISA (IFISA) investors.

The firm announced on Wednesday that it is offering its customers a return of 1.5 per cent on ISA cash balances until 31 July 2018, meaning that people can earn a return on their money before it is deployed.

“As well as our current open investment, Atlantis Future Energy, we will be launching further investments over the coming months for people to invest in before the promotional period ends,” said Bruce Davis (pictured), co-founder and joint managing director of Abundance.

Read more: Abundance’s Bruce Davis chosen for Green Finance Taskforce

“This means our customers can put their cash in their Abundance ISA and earn the 1.5 per cent bonus, while they take their time choosing which investments to add to their portfolio before the end of July when the bonus will end.”

The offer is available to both new and existing Abundance ISA investors. Cash left un-invested by the end of July will no longer earn the bonus.

Read more: Abundance investors energised by Green Deal loans opportunity

Abundance was one of the first firms to launch an IFISA and now has more than 2,400 customers holding at least one ISA account. More than £20m has been invested in its IFISA overall.

Read more: Abundance launches tidal power project for P2P investors