The peer-to-peer lending platform.

Every day, people around the UK encounter unexpected expenses that they had not budgeted for, but find they are ignored by traditional lenders. Creditworthy people need money quickly and only for a short period of time, but they often find they have nowhere to go for quick, safe, and reliable funds. The closer we looked at this problem, the more we felt that we could help provide a solution by connecting creditworthy borrowers to trustworthy lenders who can borrow and lend short term money directly to one another.

And so The Money Platform was born…

We set about building a transparent and simple to use platform for both borrowers and lenders, one that ensured borrowers have access to affordable loans as and when they need them, as well as offering our responsible lenders secure access to great returns on their money.

We showed this platform to the team at the Financial Conduct Authority who in turn placed us onto their Project Innovate incubator program. Soon afterwards, The Money Platform achieved its full consumer credit permissions, making it the first authorised short term P2P lender in the UK.

On The Money Platform, borrowers and lenders can transact in amounts between £250 and £1,000 for a period of between three weeks and three months. Money is lent and borrowed for between 0.7% and 0.8% interest per day. This gives borrowers access to funds that will often be cheaper than alternative short term finance options, and gives lenders a great return on their funds. Transacting on The Money Platform does come with risks, so be sure to check out the risks for borrowers and the risks for lenders on their respective homepages. By cutting out the large financial institution in the middle, lenders receive great returns and borrowers receive lower cost, flexible personal loans from other individuals in the UK. There are no banks involved, so there are no lengthy decision making processes to worry about, just efficient, transparent and most importantly responsible practices on our side.

The Money Platform has been founded with the belief that financial services should be fair by giving the individuals control of their finances. Lending and borrowing directly from one another benefits British people, not British banks.

If you need more information, you can find answers to most common questions on our FAQs page. If you have any other questions or would like some more information please Contact Us and we will always be happy to help.