Lending Works Review

Lending Works Review

At the beginning of February 2017, Lending Works was the first of the major peer-to-peer platforms to launch an innovative finance ISA (IFISA), after finally obtaining regulatory approval in October 2015.

The company confirmed to us that the new IFISA hit its £1 million limit within just 24 hours of its launch, adding:

“Such was the emphatic response from lenders, that we actually received more than £2 million within the 24 hours after we launched the ISA – including ISA transfers.”

Read on to take a closer look at the Lending Works ISA, and at the company itself.

Lending Works Overview

Ex-banker Nicholas Harding and ex-accountant Matthew Powell founded Lending Works in 2012, and officially launched it in 2014; they are CEO and Chief Financial Officer respectively.

The company was launched on the premise of connecting the buyer and seller together, with as few people as possible taking a slice along the way. The firm is emphatic in declaring its inspiration took root in the “fair trade movement, and how connecting people directly via the internet had already transformed other industries”.

We’ve listed some company facts and achievements to give you an idea of the kind of company you could be doing business with:

Originally Published: Wednesday, March 22nd, 2017
Updated: Tuesday, April 2nd, 2019

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