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Who Owns The P2P Lending Sites?

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This page was last updated on 10 August, 2020

For fast-growing startup companies – which includes most P2P lending sites – being profitable isn't usually the best measure of whether it will succeed. This is especially the case since most of them are not profitable.

And you don't expect them to be. They need and want to grow rapidly and to do so they have to plan to burn more money than they make.

To see if a P2P site seems safe from going out of business, at least for the foreseeable future, it could be more effective to see who is backing them.

Are they being backed by investors, preferably from big-name investors, who have bought shares in their businesses? Or, were they founded and are being operated by profitable and far larger businesses?

Here is how some of the P2P lending sites are doing that have more impressive owners or have received a lot of money from investors:

  • Zopa received £50 million from investors in 2018 from both new and existing investors, mostly for building out the new Zopa Bank. In 2017 it got another £40 million in 2017, from Wadhawan Group, which manages investments of $8 billion. Prior to that, Zopa had already received tens of millions from investors.
  • Octopus Choice is owned and operated by Octopus Investments (Octopus Capital Limited), a company that that manages £8 billion in investments. It is also growing a large home energy supply business extremely rapidly, reaching over 600,000 customers in very short order.
  • MarketInvoice received £26 million From Northzone, Barclays and Santander Innoventures in 2019. Previously it had already raised £5 million from Northzone in 2014, and £7.2 million more from both Northzone and MCI Capital, a listed Polish private equity group, in 2016. Northzone is an early-stage investment company that invested in Spotify and Trustpilot.
  • Orchard Lending Club is owned by Orchard Funding Group Plc, which is a profitable business.
  • ArchOver* is owned by Hampden Holdings Limited, which manages insurance assets and underwriting capacity in excess of £2 billion and has a long, family-owned history. For most of the past decade, Hampden has made seven- or eight-figure profits. Hampden also lends in loans on the ArchOver website.
  • LendingCrowd* received £6.2 million from Upscale in 2019, which claims on its website to have helped tech startups raise £1.4 billion. This is on top of an earlier raise of £2.2 million in funding in spring 2018 from Equity Gap and the Scottish Investment Bank.
  • Funding Circle is backed by investors who backed Betfair, Skype, LoveFilm, Facebook, Supercell, Spotify and Wonga. Its other major investors also include Index Ventures, Accel, BlackRock, DST Global, Rocket Internet, and Temasek. Funding Circle has raised over £320 million from all its investors up to August 2018.
  • In 2018, Lending Works* was backed to the tune of £2.8 million by Maven Capital Partners, Pollen Street Capital and NVM Private Equity.
  • Downing Crowd is owned by Downing LLP, a profitable fund manager that manages £1 billion of investments.

Read Which P2P Lending Sites Are Profitable?

*Commission and impartial research: our service is free to you. We already show dozens of P2P lending companies in our accurate comparison tables and we keep adding more as soon as they provide us with enough details. We receive compensation from ArchOver, LendingCrowd, Lending Works and RateSetter, and other P2P lending companies not mentioned above when you click through from our website and open accounts with them. We vigorously ensure that this doesn't affect our editorial independence. Read How we earn money fairly with your help.

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What does 4thWay do?

We help people save and make more money, more safely when they cut out the banks and lend directly to other people and to businesses.

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Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

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Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Orchard’s interest rates different?

Orchard’s lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Orchard’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×
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