Crowd2Fund is preparing to relaunch its peer-to-peer lending platform over the coming weeks to play a key role in the country’s economic recovery effort.
On 23 April, the business lender paused investments while monitoring the economic situation caused from Covid-19.
Crowd2Fund said it has been re-aligning the platform with the government stimulus programmes and working with various government departments to prepare for its relaunch.
The platform said it in the process of preparing its team, regulatory obligations, technology and a new range of financial products to support the economic recovery effort.
Crowd2Fund added that the relaunch will feature a “significantly improved offer to investors”.
“We are planning fintech to be a core part of the UK’s economic recovery effort, an effort that must be embraced by the entire UK to ensure not just a solid bounce-back of the economy, but a bounce forward too,” the platform said in a blog on its website.
Crowd2Fund said while going through this change, investors will be able to access their wallet funds which are held securely in its segregated client account, and will continue to receive repayments on their existing investments.
The platform said most of its clients have embraced the various elements of the government stimulus and because of this it expects strong economic activity and huge post-crisis growth.
“We are incredibly excited about re-launching the platform and scaling the platform to a significant size given the exceptional market demand for economic growth as we come through the crisis,” Crowd2Fund said in the blog.
“The platform was founded off the back of the previous economic crisis, bolstered due to Brexit and now we will unleash its full potential and capability.
“More than 500 entrepreneurs have been funded via the platform creating countless jobs, new products, revenues for the government and economic activity – and crucially – good returns for investors – now is the time to scale.”
Read more: Crowd2Fund offers zero fees to NHS employees
Crowd2Fund recently funded a campaign for Brylee Healthcare, a staffing agency which ensures the health and wellbeing of its staff.
This helped the agency buy a cloud-based employee management and tracking software specifically customised for recruitment businesses.
“It has helped us a lot,” said Brylee Healthcare founder Paul Zuzon.
“Since we have closed more contracts recently – with the plans of supplying staff nationwide for healthcare companies – both in the public and private sectors, I needed this software for us to expand faster, in a powerful way and produce efficient results.”