LendInvest accepted into the Peer-to-Peer Finance Association
By Bridging Loan Directory -
LendInvest, which is a peer-to-peer lending platform for mortgages, is pleased to announce that it has been accepted as a member of the Peer-to-Peer Finance Association. As the main industry body for peer-to-peer lenders in the UK, LendInvest now joins the leading platforms in the market such as Zopa, Funding Circle and RateSetter.
The Peer-to-Peer Finance Association (P2PFA) was set up in 2011, and is actively involved with working with the Financial Conduct Authority, and lobbying government in the interests of the P2P lending industry. The P2PFA has very strict guidelines for its members, which are aimed at instilling lender trust in the industry, and ensuring that rigid processes and systems are in place.
The members of the P2PFA have lent over £600 million, and the sector is estimated to be doubling in size every 6 months.
Co-Founder of LendInvest, Christian Faes, commented:
“We are very excited to be included on the committee of the P2PFA. There are some great businesses that are part of the Association, and these companies include some of the global pioneers in the P2P space.”
P2PFA Chair, Christine Farnish, commented:
“We welcome LendInvest to the P2PFA. As experienced lenders with a track record, we look forward to their active contribution to the sector.”