UK P2P Platform Lendy Collapse Has Investors Concerned

The collapse of property lending platform Lendy in the UK has investors concerned about their £165 million of money invested in various real estate projects; the company went into administration last month and 20,000 investors now have to wait to see how much of their investment they receive back; Lendy, formerly known as Savings Stream, is the largest peer to peer lending platform to go bankrupt in the UK and some industry observers warn that other platforms could also go bust; the Financial Conduct Authority has estimated that 275,000 investors have more than £5 billion invested across 68 platforms in the UK. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.