In response to lender demand, we have moved forward our timetable for releasing the IFISA. We have already received our approval from HMRC and we are now preparing to develop, test and launch the service to lenders.
We have recruited some lender beta testers who will be helping us to refine our proposition before launch. We are not committing to a timescale yet for a full launch, but we will keep lenders updated throughout the process.
We will be exhibiting at the NACFB Commercial Finance Expo on the 21st June in Birmingham. If you would like to meet us, come along to our small, but perfectly formed stand at F14.
This month MoneyThing became a patron of the NACFB as part of our drive to work with more introducers and brokers that meet the NACFB standards and code of practice.
MoneyThing has joined the UK Crowd Funding Association (UKCFA). We attend UKCFA events already and our membership shows our active support for the organisation to promote high standards and co-operation across the industry.
The UK Crowdfunding Association was formed in 2013 with the purpose of promoting the interests of crowdfunding platforms, their investors, and clients. By working together and speaking with one voice the UKCFA are successfully cooperating with regulators and lawmakers to take the industry forward as a force for positive change in the UK’s financial sector.
The UKCFA uphold certain standards, requiring members to agree the UKCFA code of conduct, and champion crowdfunding with various promotional and lobbying activities. Members also agree to support calls for a strong regulatory framework, which will protect platforms, businesses, and investors without stifling the industry’s capacity for growth.
We are pleased to announce that Sebastiano Carrelli joined MoneyThing as Head of UK Property last week. Seb has a wealth of experience in banking and real estate as well as the P2P market.
Specialising in bridging, development transactions as well as experience in recoveries, Seb will lead our property team. You can read more about Seb and the other Things here.
Ed Pearce commented “Seb is a fantastic addition to the team and we are delighted to have him on board. We have recently ramped up our growth in property loans and Seb is already playing a key role in scaling up our operations to cope with the increasing demand from borrowers.”