Equity crowdfunding platform LEOCrowdfunding is considering a move into peer-to-peer lending, following demand from borrowers and lenders.
LEOCrowdfunding is a proptech-enabled marketplace that brings together property developers and investors via an equity property crowdfunding platform.
Chief executive David Johnstone told Peer2Peer Finance News that he has spoken to a number of property developers who have expressed an interest in P2P lending, and said that in the future he would “absolutely” like to see his platform enter the P2P market, and even launch an Innovative Finance ISA (IFISA).
“As part of a diversified portfolio, many investors want to invest in both equity for their higher risk and P2P for their lower risk,” said Johnstone.
“The IFISA is a great product and we have many investors on our database that invest equity with us but invest in P2P or IFISAs through other companies, and that is potentially lost revenue.”
LEO stands for learn, earn and own. According to LEOCrowdfunding, its mission is to “help the masses learn while they earn how to own property assets by democratising property investment and leveraging the power of the crowd.”