The UK P2P platforms looking to go global
Although the UK’s P2P lending sector has been labelled as the “gold standard”, platforms are increasingly looking to go international in order to scale their business model, grow and tap into new markets.
Here are just a few of the UK-based platforms that are set to go global in the near future…
Crowd2Fund
Crowd2Fund is currently seeking authorisation from the Australian Securities and Investments Commission to open in Australia as a test market.
The business P2P platform is also in discussions with Malta’s financial regulator to launch in the European Union (EU).
Chief executive Chris Hancock said he aims to broaden the platform’s proposition.
JustUs
JustUs is preparing on launching in both the US and the EU.
In Europe, the platform has chosen to set up its base in Estonia while its sister company Moneybrain has confirmed its initial registration as a money service business in the US and joined Visa’s fintech fast-track program to bring its UK offering to consumers in the US.
Chief executive Lee Birkett said he wants to tap into international capital and utilise the platform’s cryptocurrency BiPs.
LandlordInvest
LandlordInvest is considering expanding into Scotland, Northern Ireland and the Republic of Ireland.
Co-founder Filip Karadaghi said he hopes to launch in the EU one day because the UK’s specialist finance market is very saturated.
Shojin Property Partners
Shojin Property Partners is working on expanding into India and the UAE by finalising deals to distribute its products through joint ventures with groups that have local expertise, which will adopt the Shojin brand.
Jatin Ondhia, chief executive of the platform, said this is to cover additional markets and support more developers and investors.
The platform has also raised over £850,000 for its first international project outside of the UK, in Malaysia.