Crowd2Fund plans on launching a new website later this year as part of its Reboot Britain campaign.
The peer-to-peer business lending platform, which reopened for loan applications in September last year after pausing activities due to the Covid-19 crisis, said that it has redesigned the desktop version of the platform end-to-end.
Crowd2Fund aims to introduce this later in the year, preparing its launch in other Commonwealth markets.
Reboot Britain investors will have early access to the new platform, giving them the opportunity to provide feedback.
Since launching the Reboot Britain campaign nine months ago, Crowd2Fund said it has received £2.3m in pledges towards its £10m target, from more than 300 investors.
The platform said it is in continuing discussions with institutions and investors to ensure that it meets its target. It has enrolled on a US accelerator programme to help prepare for an institutional investment fundraise during the second half of the year.
Crowd2Fund said its primary focus is to increase the number of quality deals listed on the platform to allow it to achieve its targets and work towards profitability.
“We believe the Crowd2Fund platform is perfectly placed to help support the global economic recovery effort that now stands before us,” Crowd2Fund said in a blog on its website.
“Forecasters are expecting the highest growth in the UK economy for a generation and at Crowd2Fund we aim to ride this wave of growth.
“We believe fintech will be core to the global recovery effort and through the development of new credit models, in new areas such as the environment, we can help good entrepreneurs access capital and get you potentially higher returns.
“Over the next six months we’ll continue to develop new functionality through the launch of our new desktop platform.
“We’ll continue to assess and enhance the performance of our technology to ensure scalability as well as potentially launching our payment services, allowing you to utilise your Crowd2Fund account for day-to-day payments and as a bank account.
“Having successfully navigated these exceptionally challenging circumstances, we are more optimistic than ever and very excited to support the modernisation of the financial service sector to help stimulate prosperity for more people around the world.”
The platform said it has undergone an extensive redevelopment and enhancement of all of its compliance procedures and controls and has audited all of its historical loans to allow it to create a new, improved version of its credit policy.