Today, peer-to-peer lender, Lending Works, announces that it has surpassed £150m in successful loans to households and firms. The London-based firm says it has helped over 25,000 people to get a better value personal loan since it set up shop in January 2014.
The news comes shortly after Lending Works was ranked as the fastest growing loan provider and the third fastest growing fintech in the UK according to 2018 Deloitte’s Fast50 list. Lending Works was revealed to have had a four year growth rate of 2,832%, which ranks alongside food ordering service Deliveroo and online payment platform Checkout.com.
Nick Harding, Lending Works Co-Founder and CEO, said: “This milestone is a fantastic start to 2019 and puts us in good stead to achieve our target of reaching £300 in loans by the end of the year. Our customers appreciate our key values of fairness, transparency and honesty and we hope to continue to be seen as a leader in fair financial services for years to come.”