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MoneyThing has announced today that its Innovative Finance ISA (IFISA) is open for general release and all lenders may now subscribe to a MoneyThing IFISA.

MoneyThing opened its IFISA to just over 100 pre-registered users at the start of the new tax year in April. Since that time, over £740,000 has been invested through IFISAs.

MoneyThing offer lenders up to 13% on individually selected loans to British businesses. All loans are available to be purchased within an IFISA which can further improve net returns to lenders.

MoneyThing offers a flexible IFISA and is open to transfers from existing ISA Managers straight away.

Sophie Pearce, MD at MoneyThing, said “The soft-launch in April was very successful and we’re delighted with the take up so far. We fully expect the majority of our eligible lenders will subscribe to the IFISA to improve their net returns.”