LandlordInvest up for sale
UK peer-to-peer lending platform LandlordInvest has invited interested parties to bid on the platform, highlighting that it is Financial Conduct Authority (FCA) regulated.
In a post on LinkedIn this afternoon, co-founder Filip Karadaghi said the firm was a “fully FCA authorised and regulated lending platform, holding a consumer credit license in ‘operating an electronic system in relation to lending’, along with all IP.”
He added that the company is also an HMRC authorised ISA manager.
LandlordInvest closed to new business in October after the FCA ordered it to cease onboarding of new business and to instate an interim chief executive.
Read more: LandlordInvest moots wind-down
Highlighting the value of the regulatory licences, Karadaghi’s latest post said: “We understand that these licences are barely granted and are very difficult, if not impossible, to obtain.
“It permits buyer, subject to regulatory approvals, to change the brand name, product(s) offered and, operational and strategic direction of the company.”
In a post about the forced wind down at the end of October Karadaghi said the regulator was “pushing us to wind down, for reason(s) unknown to us.”
He added that the firm would “do as much as possible to wind down ourselves as it will be much more beneficial than the regulator appointing administrators.”
Karadaghi and the FCA have been approached for comment but had not replied at time of publication.
Read more: FCA apologises to Collateral investors with £650 payout
