Press & Media

Crowdstacker goes live with first loan product

Level39, 5 June 2015

Crowdstacker, the Level39 member and P2P business platform that connects investors with growing British businesses, has gone live with its first loan product The Quanta Loans.

The launch marks Crowdstacker as one of the first peer-to-peer platforms to offer retail investors the opportunity to lend money to non-listed but established mid-sized and financially stable businesses. Crowdstacker are also one of the first platforms to get full FCA approval.

Investors can lend anything from £700 and will be offered a 6.8% return per annum over the three-year lifetime of the product, with interest paid in quarterly instalments.

Karteek Patel, CEO, Crowdstacker, said: “We see Crowdstacker as the democratisation of higher calibre investment options.