Peer-to-peer lender JustUs has broken the £10m lending barrier, five months ahead of its four-year anniversary.
The platform – which specialises in consumer mortgages and loans – has also passed £2m in lending on its secondary market, and it has repaid £6m in capital to its investors.
Read more: JustUs founder launches pre-paid crypto card
As of January 2020, the average returns being offered via the platform were 8.85 per cent, per annum. Founder and chief executive Lee Birkett also confirmed that the platform has almost 500 active lenders, who have invested in more than 260 loans.
He thanked these investors and the platform’s 180 shareholders for helping JustUs to reach these milestones within just a few years of the platform’s launch in June 2016.
“A proud day at JustUs towers as we break through the psychological £10m lent barrier,” said Birkett.
“2020 is set to be a massive year for Us. Huge thanks to our staff, investors and business partners.”
Read more: JustUs launches public sale of crypto token
Last year, JustUs launched a crypto-token via online adviser Moneybrain. The token uses blockchain technology to facilitate global payments and is underpinned by purchases of assets such as property and loans on the JustUs platform, which will help to maintain its value.