LendingCrowd, the only fintech lending platform headquartered in Scotland, has been named Best P2P Business Lender at the inaugural Growth Finance Awards, which recognise the role of the finance community in supporting the growth ambitions of SMEs across the UK.
The Growth Finance Awards, held on Wednesday evening at the Royal Lancaster Hotel in London, were hosted by Claudia Winkleman (pictured above with, from left: Simon Bonney, partner at category sponsor Quantuma; Stuart Lunn, founder and CEO of LendingCrowd; and Darren Cairns, Chief Marketing Officer at LendingCrowd).
LendingCrowd picked up the accolade for its “best-in-class digital platform, transparency, as well as ample resources for both borrowers and lenders”.
Stuart Lunn said: “To be named Best P2P Business Lender is testament to the significant strides we have made since our launch in 2014. LendingCrowd exists to help alleviate the funding gap facing the UK’s vital community of SMEs, and we’re delighted to have received this recognition at the Growth Finance Awards.”
Guy Tolhurst, Managing Director of Intelligent Partnership, the company behind the awards, said: “Just to be recognised as a finalist is a great achievement in itself, but to take home a prize is a truly impressive accolade. I look forward to next year’s event and continuing to educate growing businesses about the wide variety of financial options that are available to them.”
Founded in 2014 and based in Edinburgh, LendingCrowd matches investors looking for a greater return with small businesses seeking finance to grow. LendingCrowd has facilitated over 740 loans to SMEs across the UK, totalling £65 million (with over £15 million loaned in Scotland).
The company was one of the first fintech lenders to receive full authorisation from the Financial Conduct Authority in 2016 and launched its first Innovative Finance ISA in 2017. To date, more than 7,400 investors have signed up to the platform. LendingCrowd is backed by Scottish angel syndicate Equity Gap, the Scottish Investment Bank (the investment arm of Scottish Enterprise) and a number of prominent investors from Scotland’s finance and entrepreneurial scene.