PEER-TO-PEER lending has been given a further stamp of approval thanks to a flurry of fundraises this year on equity crowdfunding platforms.
Not only are investors keen to fund loans via P2P platforms, they’re keen to buy stakes in them as well.
Here we round up some of the latest, oversubscribed fundraising campaigns.
Asset-backed P2P lender Ablrate launched a £350,000 fundraise on Crowdcube in January and smashed through its target. It has now raised £457,950 from 275 investors, which it will use to scale up its lending.
Online property investment platform CapitalRise launched its crowdfunding campaign on Seedrs in March, exceeding its £1.5m target to raise almost £2.4m. It plans to use the proceeds to expand its team and invest in marketing activities, in order to scale up the business and reach its £100m cumulative lending target.
P2P property lender CrowdProperty was targeting £600m in its March crowdfunding campaign on Seedrs, but has now raised almost £1.1m. CrowdProperty said the fundraising was especially popular among existing customers – both lenders and borrowers on the platform.
The latest P2P lender to embark on a fresh equity crowdfunding round is P2P business lender Assetz Capital. It is aiming to raise £1m through its third campaign with Seedrs to support its staff and product expansion plans and has already raised £826,160, so there is still time to get involved.
Brickowner recently revealed that it is planning another fundraising round later this year, as part of a range of changes at the property investment platform. Brickowner, which launched in 2017, raised more than £200,000 in a crowdfunding round on Seedrs last year, exceeding its £150,000 target.