FundingSecure

FundingSecure Ltd (FRN 698305) was an FCA-authorised property and asset-backed peer-to-peer lending platform that collapsed in October 2019 and entered administration. The platform had facilitated approximately £80 million in loans secured against property, luxury goods, and other assets.

FundingSecure's collapse came amid serious allegations of fraud and mismanagement. Subsequent investigations revealed that significant funds had been misappropriated, and many of the assets purportedly securing investor loans did not exist or were worth substantially less than represented. Investors faced near-total losses on many loans.

FundingSecure operated as a P2P lending platform where investors selected individual loans secured against property, fine art, jewellery, and other assets. The platform purported to conduct independent valuations of securing assets — however, investigations following the collapse found these processes to be seriously deficient.

FundingSecure is no longer operational. When active, the platform offered asset-backed loans with advertised returns typically in the range of 8–13% per annum. The collapse revealed fundamental problems with the platform's underwriting, asset verification, and governance.

FundingSecure is in administration and is not accepting new investors. The case is one of the most significant fraud-related failures in UK P2P lending history, underscoring the importance of independent verification, regulatory oversight, and investor due diligence when considering alternative lending platforms.