We're pleased to report continued good progress from the latest offering from webuyanyhome.com. Lenders are bidding to lend at a gross indicative yield of 7.6 per cent at the time of writing. The property-backed £208,400 offering, with an A+ credit rating, is 35 per cent per cent filled after three days.
Money&Co. is in the process of raising further equity from two existing shareholders. The raise is relatively small compared to previous equity raises, but we hope that we'll now have sufficient funding to make it through to profitability.
Money&Co. has recently added property-backed lending to its offering and is looking to build this lending vertical over the coming months. The first property loan went up on the site last week and was fully funded within three days. A second larger loan is currently being funded (see above). Money&Co. will also continue to make loans to UK-based SMEs as well as funding property loans.
Crowdfunding & Risk
To learn more about the basics of crowdfunding and peer-to-peer (P2P) business lending, visit our Knowledge Hub. There are also explanatory videos on site. Remember, when you loan capital, it is at risk. Please read the warnings and explanations on site before committing your capital.