1/23/2024 0 Comments Easy moneyThe cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. This cookie is used to manage the interaction with the online bots. This cookie is set by the provider Akamai Bot Manager. This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Here are their 2020 & 2021 accounts in PDF format: Any P2P platform becoming profitable within 3 years of launch is a feat on it’s own (many that have been in business for 5 or 10 years have still not shown a profit), but when you throw in the consideration the COVID19 crises on top, it makes for a very impressive story.ĮasyMoney more than doubled its profits and revenues between 20, while the value of its loan book passed £100m in 2021.Īccording to the peer-to-peer lender’s financial results for the 12 months ending 31 December 2021, the business made a total profit of £561,033 – up from £265,763 the previous year. He has already taken two real estate companies from zero to IPO, and has over 40 years of property development experience.Īccounts have been filed every year since inception of the platform in 2018, the last being December 2020 in which they made a profit of £269k on a total of about £1.7m. The track record of Tower Bridging stretches back for 15 years with never a penny of investors’ capital lost in all that time.ĮasyMoney Chief Executive Andrew de Candole has been an executive in many startups. Prior to the release of the lending platform in 2018, it acquired a successful lending business Tower Bridging, which was owned by industry veteran Jason Ferrando. easyMoney’s employees have over 100 years of property market experience when combined. The company was incorporated in 2004, so as a whole, they have a lot of experience in the lending industry under their belt. easyMoney is a trading name for E-Money Capital Limited. The easyMoney platform was established in 2018. easyMoney is very similar to CrowdProperty & Kuflink as far as their business is concerned, except the only investment option is auto-invest, so that also makes them more similar to Loanpad overall.Ĥ.53% to 6.51% depending on level of investment They are very particular in the loans they choose to finance, which are typically short to medium term property bridging & development loans from 3 to 24 months in term. Since the platform was launched in 2018, it has had an impeccable track record of zero defaults, even through the pandemic. As such, I look at them as a stand alone platform. They are their own entity and not backed financially at all by the other “Easy” companies. Offering investors up to 6.51% ROI depending on amount invested, I’m averaging just under 6% currently.Īs the name suggests easyMoney are part of the “Easy” family of brands (EasyJet, EasyHotel, Eas圜ar etc.), however to be clear, this is just branding. Focusing on safer loans, with LTV’s never exceeding 75% of assessed value. EasyMoney is a UK based Peer to Peer lending platform providing short-to-medium term Peer to Peer loans to the UK property development market.
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