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Downing Crowd Review
Downing Crowd is winding down gently while shifting business model
Downing Crowd used to offer property development lending and wholesale lending (lending to other lenders).
Downing Crowd never officially announced it was winding down, but it put up a note stating it was no longer approving new opportunities through its online lending platform during spring 2026. It hasn’t approved new loans since September 2025.
The reason seems to be it is switching business model. Sometimes businesses switch model to join the P2P/online lending space and sometimes they switch away.
Downing Crowd is part of a much larger, very profitable group that has been involved in this kind of lending for a long time.
I have not seen any reason to believe that the wind down of existing loans will be difficult for lenders. (That said, we have not had access to data or interviews for a long time.)
Downing Crowd had helped lenders lend £241 million. The amount of lending outstanding has shrunk rapidly since it started winding down, falling from £24 million in March to £5 million in July 2026.
It doesn’t seem too likely there will be much to report from here – which is always a good thing in a wind-down. But we’ll let you know if something comes up.
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