Peer-to-peer business lending platform Rebuildingsociety has launched a smartphone app for its investors, Peer2Peer Finance News can reveal.
The free app is available from both Android and iOS app stores. It allows both existing and new investors, once they complete an appropriateness test that is available on the app, to manage their portfolio, access funds, withdraw money, purchase new loans and sell loans on the secondary market.
The app features a repayment calendar to show investors what income they are going to receive and when, and a chart where investors can see a breakdown of how much cash they have, how much they’ve invested and how their loans are performing.
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“This is the first version of the app and we’re really pleased with it,” said Daniel Rajkumar, founder and managing director of Rebuildingsociety.
“It’s simple to use and presents an easy way for existing customers to manage their portfolio. It doesn’t do a whole lot more than the website does, it’s just a different way of controlling your investments. We hope it means people feel they have more control over managing their money.
“We’ve had good investor feedback with many liking the repayment calendar and the ability to review their portfolios on the app.
A lot will use it as the main way of managing their investments in future.”
Rajkumar said Rebuildingsociety is working on an open banking integration to reconcile transactions in real time, which he said would work well with the app, as well as developing an interface where investors and borrowers can communicate with each other.