Simple Crowdfunding sees rising demand for loans
Simple Crowdfunding has reported increased demand for peer-to-peer loans over equity investments, which its managing director attributed to challenging economic conditions.
The platform offers both equity and debt investment opportunities, but Atuksha Poonwassie said that more investors are interested in loans at the moment as they offer regular, fixed income.
“We’re in an unsure market and people want more certainty,” she told Peer2Peer Finance News. “Our Innovative Finance ISA is still growing as well.”
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Poonwassie said this trend is something she has seen on the platform and from investors calling up to ask when the next loans will go live.
Simple Crowdfunding resumed P2P lending in March this year, having put its activities on pause to undertake a review of the business.
In November 2020, the property investment platform paused its P2P lending activities to focus on equity crowdfunding and credit broking, while conducting an extensive business review.
Poonwassie said that the platform is busy with developer enquiries and she expects activity to speed up further after the summer, with a range of residential and commercial property investment opportunities.
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