The Peer-to-Peer Lending sector has been highlighted as “a credible and vital alternative to high street banks when it comes to providing business finance” and funding for widespread property development. The popularity of Crowdfunding and other alternative finance methods, such as Peer-to-Peer Lending and Investment, have been widely celebrated for the way they connect lenders and borrowers throughout the UK.
Graham Wellesley, Joint CEO & Chairman, and Founder of Wellesley & Co has said that “it is lender demand that has enabled us to achieve what we have so far, and we hope to improve our lender offering in the future.” He believes that Wellesley & Co. have “firmly established (themselves) amongst the top three Peer-to-Peer Platforms within the UK in (their) short eleven month history, (and) are confident of achieving an unquestionable number one position next year.” It is for this reason that Wellesley & Co recently won AltFi’s Fastest Growing Lending Platform 2014, and have “benefited from massive growth” ever since. By ensuring their borrowers are legitimate and appropriate for each individual lender, using their Auto-Matching service, it’s no wonder that the Peer-to-Peer investment sector is expanding so much as a whole.
Independent columnist Andrew Hagger commended many alternative financial services for “offering flexible, affordable lending facilities to the SME market”, and stepping in where banks wouldn’t lend. The only “obstacle” has been awareness, which is becoming a thing of the past as more and more people look into their alternative finance options.
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