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Peer2Peer Finance News | June 18, 2019

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Lending Works loans added to AI-powered comparison website

Lending Works loans added to AI-powered comparison website
Marc Shoffman

LENDING Works has been included on a new personal loans comparison marketplace.

The peer-to-peer lender’s product range is included on a new artificial intelligence-powered comparison website called Monevo.

Borrowers can access personal loans from more than 30 banks and alternative lenders, with personalised rates provided within two minutes without impacting their credit score.

Lending Works is the only P2P lender on the site so far but others include Hitachi Personal Finance and Amigo Loans.

Monevo is already active in the US market – where P2P lenders Prosper and LendingClub are included – as well as in Australia and Poland.

Read more: Lending Works unveils Open Banking partner

Read more: Lending Works passes £100m lending milestone

It was launched by fintech firm Quint Group which earlier this month received £16.5m of financing from NatWest.

“It’s a very exciting time for Quint and I’m very pleased that NatWest has supported us in this important stage of our growth,” Greg Cox, chief executive of Quint Group, said.

“2019 represents a huge opportunity for us to consolidate and grow our international presence and new businesses while continuing to innovate in our core markets.

“Having the support of a top tier one bank like NatWest gives us access to the capabilities we need to deliver on the group’s vision and long term plan and demonstrates how far we have come as a business.”

Read moreLending Works increases lender rates