CrowdProperty joins the P2PFA

CROWDPROPERTY is the latest peer-to-peer lending platform to join the Peer-to-Peer Finance Association (P2PFA).

The Birmingham-headquartered property lender has become the ninth platform member of the self-regulated industry trade body, joining Funding Circle, Zopa, Lending Works, ThinCats, Folk2Folk, Landbay, Crowdstacker and MarketInvoice.

Mike Bristow (pictured), chief executive of CrowdProperty, called the membership a “defining moment” for the platform.

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“We are especially proud to be the first specialist property development P2P lender in the P2PFA,” he said. “This further distinguishes us as a leader in this space and we look forward to playing an active role in the development of the UK sector, which in many respects is at the forefront of the development of P2P lending globally.”

CrowdProperty, which recently underwent a rebrand, announced earlier this month that it has lent out more than £20m since launching in 2014.

The firm raised £907,467 via Seedrs in November 2017 to expand its proposition.