LendingWorks
Consumer loan P2P platform now operating as Growth Street. Focus on prime consumer lending with Shield protection.
General Information
LendingWorks is an FCA-authorised consumer loan P2P platform founded in 2014, now operating under the Growth Street brand, with approximately £195 million facilitated. The platform differentiated itself through its Shield protection mechanism providing a reserve fund buffer.
How does it work?
LendingWorks originates prime consumer loans pooled for investor funding. The Shield mechanism historically provided a loss reserve to absorb expected defaults, but the reserve is finite and may not cover all losses.
What do they offer?
Consumer loan investments with a minimum of £1,000. No secondary market. Investors should verify current product availability under the Growth Street brand.
Who is it for?
Positioned for investors seeking consumer credit exposure with protective mechanisms. The Shield does not guarantee capital protection. Consumer lending is cyclical and sensitive to economic conditions.
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Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice and should not be considered as such. In particular, it does not constitute personal advice — please consult a qualified financial adviser to address your particular personal requirements. Other is not regulated by the Financial Conduct Authority (FCA), its authors are not financial advisers and it is therefore not authorised to offer financial advice. This article is not intended as an offer, invitation or solicitation for the purchase or sale of any investment, nor is its issuance intended to give rise to any other legal relations whatsoever and must not be relied upon for the purposes of any investment decision. The information contained in this article is subject to updating, revision and amendment.
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