Crowdstacker Launches

p2pmoney.co.uk, 6 June 2015
There is another new entrant in the UK peer-to-peer market.  Crowdstacker is today launching with its first loan. Crowdstacker is looking to differentiate itself by lending to only mid-sized established businesses, rather than small companies or start-ups.  With a minimum lending amount of £700 Crowdstacker is tagetting higher net worth individuals.  Lenders can earn 6.8% AER over 3 years.  Crowdstacker has full permission from the FCA, but like all other peer-to-peer companies, is not covered by the Financial Services Compensation Scheme.

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