LISTED peer-to-peer platform Funding Circle is enticing new investors by offering a free iPads. But there’s a catch – they have to add at least £30,000 to their Funding Circle accounts before 16 November.
The P2P platform is also offering a number of other cashback and ‘giftback’ incentives to lenders who invest lower amounts of money.
Investors who add £20,000 to their Funding Circle accounts will receive £200 in John Lewis vouchers, while those adding £15,000 will get an Amazon Echo.
Existing Funding Circle investors can also take advantage of the deal. However, they will need to have lending switched on and keep the extra funds lent out until midnight on 16 January 2019.
Investors will be able to add funds to both ISA and Classic accounts on the P2P platform.
“If you have both an ISA and Classic account registered to the same email address, you can split the extra funds between the two,” said a Funding Circle spokesperson.
“However, if you withdraw from one and transfer to the other, you won’t qualify for a gift. We’ll look at the net amount added between the two.”
The peer-to-peer lender made its official stock market debut on 3 October after closing its £300m initial public offering (IPO) and entering conditional dealing at 440p per share.
Funding Circle’s shares were trading up by seven per cent to 405p in early trading today (17 October).