Crowd2Fund

Crowd2Fund publishes FCA outcomes statements, with the firm confirmed as FCA authorised (FRN 623683). The platform's April 2024 outcomes statement references an actual default rate of 10.8% using its "Total Amount Lent" methodology, and expected defaults for April 2025 were forecast at 11–13% per that document.

The platform focuses on business and SME lending, providing investors with access to loans to UK businesses. The published default rates and methodology provide transparency, though investors should note that the headline figure depends significantly on how defaults are measured and reported.

Crowd2Fund facilitates business and SME lending, where investors fund loans and returns depend on borrower repayments net of defaults and recoveries. The platform's own materials emphasise that methodology matters — how the default rate is calculated affects the headline figure significantly.

Investors should review the outcomes statements carefully and understand the specific methodology used to calculate default rates before comparing them to other platforms, as different calculation approaches can produce materially different headline figures for similar underlying performance.

Crowd2Fund offers business lending with ISA marketing, promoting its 2025/2026 IFISA product on its website. Third-party commentary from January 2026 notes limited data availability for fully rating lending rates after losses, which is a useful transparency and analysis constraint to be aware of.

Returns are generated from interest payments on business loans. The SME lending focus means performance is tied to the health of small and medium-sized businesses, which can be cyclical and sensitive to economic conditions.

Crowd2Fund is suited to investors comfortable with SME default cyclicality and who want published outcomes statements that quantify defaults and forecasts. The transparency around default methodology provides useful context for risk assessment.

However, the reported default rates indicate that meaningful losses do occur, and investors should factor this into their expected net returns. SME lending carries inherent risks related to business viability and economic conditions.