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Founded United Kingdom (2011)
Founder Daniel Rajkumar
Headquarters Leeds, England, UK
Key people
David Powell Nick Moules Julian Wells
Products Peer-to-peer lending
Website is a Leeds-based peer-to-peer lending platform focusing on finance for small and medium businesses. The company was launched in 2012 by Daniel Rajkumar.[1] The first loans were completed in February 2013.[2]


The website operates as a lending platform by allowing approved businesses to publish a loan application.[3] Investors can subscribe to parts of the loan after assessing the business's information, committing an amount of their choice, with an interest rate of their choice. was one of the first platforms globally to have gained market traction for peer to business lending.[4] Research by in late 2013 found SME owners were still largely unaware of peer-to-business lending and rely on personal borrowing to support their businesses. According to the study, about 290,000 SME owners would use their personal credit cards to raise money, similar numbers will borrow from friends and family, and about 500,000 SME owners will be remortgaging their own home.[5]

Potential returns[edit]

Because investors choose which businesses and at what rate they lend, returns vary.

As of January 12, 2014, the average interest rate payable to lenders from 25 loans completed was 15.57% gross. Earnings are reduced by any defaults which are forecast to be up to 7% depending on the risk appetite of the lender.[6] also advocates the lending of money between businesses to create a sustainable economy and for businesses with the capacity to lend to earn high returns. In December 2013 it researched the business savings rates market to further illustrate the point [7]

Risk and regulation[edit]

As with other lending sites, including Funding Circle, if a borrower fails to fully repay the loan the lender risks losing money invested. To mitigate this, investors are encouraged to lend to lots of businesses and to give careful consideration to each company.

The Financial Conduct Authority (successor to the Financial Services Authority) is to regulate the peer-to-peer lending industry from April 2014.[8]

Pensions and ISAs[edit]

In 2014, the UK government announced it was considering setting up a separate tax free individual savings account (ISA) for people who want to lend out money. The new ISA would be for people who lend money via Peer-to-Peer (P2P) borrowing sites (such as[9]

In January 2015, announced a new partnership with SIPPclub, which will allow qualifying rebuildingsociety investors to invest through a specially-designed self-invested personal pension (SIPP). The platform’s investors will be able to invest via an EvolutionSIPP. All investments made through a SIPP are tax-free – meaning participating investors will stand to recoup higher rates of interest through the rebuildingsociety platform.[10]

Growth Prospects[edit]

The UK industry is set for rapid growth as one in four savers is ready to invest according to industry research undertaken by[11]

Non-bank lending grew at its fastest rate since 2008 in the year to October 2013, with over £10.5bn of credit arranged through peer-to-peer lending, invoice discounting, asset finance and leasing.[12] passed the £1m of lending mark in October 2013 [13] also offers a licensed version of its technology to other businesses looking to break into the peer-to-peer lending industry through White Label Crowdfunding. In August 2013 it announced its first three clients.[14]

It has since signed a contract to provide a new platform for ThinCats in the UK and in Australia [15]

As of 14 August 2014, total advances stood at around £3.5m,[16] while in January 2015 it passed £5m of loans completed. [17]


  1. ^ Bernard Ginns (20 August 2012). "Funds website aims to cash in as firm favourite". Yorkshire Post. 
  2. ^ Ian Briggs (19 February 2013). " gives boost to businesses". The Business Desk. 
  3. ^ Rachel Lacey (18 July 2014). "Peer-to-peer providers compared". Moneywise. 
  4. ^ Art Patnaude (27 March 2013). "'Crowdfunding' Takes Hold in the U.K". The Wall Street Journal. 
  5. ^ Kathryn Hopkins (8 February 2014). "SMEs can use more small business lenders". The Times. 
  6. ^ Elaine Moore (26 July 2013) "Risk and reward in the p2p revolution". Financial Times.
  7. ^ Helen Loveless (8 December 2013). "Lend to other firms to earn top interest". The Mail on Sunday. 
  8. ^ Jonathan Moules (7 December 2012). "Government boost for peer-to-peer lending". Financial Times. 
  9. ^ BBC News (17 October 2014). "Government to consult on new Peer-to-Peer lending ISA". BBC News. 
  10. ^ Ryan Weeks (8 January 2015). "P2P Pension Products Proliferate". AltFi News. 
  11. ^ Suzan Uzel (4 June 2013). "Savers ready to invest in new peer-to-peer industry". Yorkshire Post. 
  12. ^ Andrew Bounds (22 October 2013). "Non-bank lending to small businesses at highest level since 2008". The Financial Times. 
  13. ^ Angel News (25 November 2013). " facilitates over £1 million of loans to SMEs". Angel News. 
  14. ^ Ellie Newton-Syms (30 August 2013) "Media Buzz: Turn Key;; Refractiv; Dinosaur PR" The Business Desk
  15. ^ Georgina McCreadie (18 November 2014). "Rebuilding ThinCats". AltFi News. 
  16. ^ Wanda Rich (14 August 2014). "RebuildingSociety marks unprecedented month as loans soar to £3.5m". Global Banking and Finance. 
  17. ^ Nick Moules (29 January 2015). "RebuildingSociety passes £5m of loans". 

External links[edit]