Lending Works Surpasses £150 Million Loans

Peer to peer lender, Lending Works, has today announced that it has funded over £150 million in loans

Lending Works has seen 2,832% four year revenue growth and has set a new standard for peer-to-peer lenders

Nick Harding, Lending Works Co-Founder and CEO, says, “With £150 million in peer to peer lending already under our belt, we look forward to making 2019 our greatest ISA season yet ”

Today, peer to peer lender, Lending works, announces that it has surpassed £150 million in successful loans to households and firms. The London based firm says it has helped over 25,000 people to get a better value personal loan since it set up shop in January 2014.

The news comes shortly after Lending Works was ranked as the fastest growing loan provider and the third fastest growing fintech in the UK according to 2018 Deloitte’s Fast50 list. Lending Works was revealed to have had a four year growth rate of 2,832%, which ranks alongside food ordering service Deliveroo and online payment platform Checkout.com.

Lending Works plans to continue their year on year growth and set themselves apart as the UK’s leading peer to peer lender, with the goal of matching another £150 million in loans in 2019.

Lending Works credits their success on their multi-award winning customer service and easy to use online platform. The FCA regulated platform allows borrowers to apply for loans in a matter of minutes, with many seeing approval in under 48 hours at rates lower than high street banks.

Nick Harding, Lending Works Co-Founder and CEO, says, “This milestone is a fantastic start to 2019 and puts us in good stead to achieve our target of reaching £300 in loans by the end of the year. Our customers appreciate our key values of fairness, transparency and honesty and we hope to continue to be seen as a leader in fair financial services for years to come.”