JustUs set to plug P2P technology into other platforms

JustUs is working with a number of firms that are looking to use its peer-to-peer lending technology to offer their own products.

Lee Birkett, chief executive of JustUs, said its technology can be plugged into other apps and marketplaces.

“We are working with a number of multinational organisations who have requested that we plug our P2P technology platform into their own app to offer their own branded P2P savings and loans service to their users,” he said.

Birkett said JustUs would be the loan underwriters or ISA manager.

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“This is an unexpected but very welcome development and plans to bring many hundreds of thousands of new borrowers and savers to the platform,” he added.

Birkett also revealed that the P2P lending platform is looking to raise money for its development through the government’s future fund.

Users can invest a minimum of £10,000 in return for annual interest of eight per cent and the government will match whatever is raised.

“The world has changed for good and the practical use of money has changed forever,” Birkett said.

“In fact, I would go so far as to say, cash and heritage banks are becoming redundant as digital money via fintech apps become the norm, whether that be for savings, pensions, loans, mortgages or day-to-day banking.”