Lending Works hits £5m in first year
Peer-to-peer lender Lending Works is marking its first anniversary today with the announcement that the company has now lent over £5 million to UK borrowers.
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Lending Works is now lending around £1m a month, with borrower and lender numbers increasing month-on-month in the last six months.
Nick Harding, founder & CEO of Lending Works, commented:
“It has been an extraordinary first year for Lending Works. In addition to the thousands of customers who are adopting Lending Works as their chosen peer-to-peer platform, we’ve gained exceptional team members, experienced board directors and hands-on investors.
“In the year ahead, we will stick to doing what we do best – that’s listening to our customers, continually improving upon a product that they love, and growing even more.
“The insurance that protects all Lending Works lenders against borrower default makes us stand out from the crowd. We are proud to be associated with safety and security in a personal finance market that is still regaining its confidence after the shocks of a long credit crunch.”
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