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Press & Media

Crowdstacker is presenting investors with an opportunity to lend to Amicus Finance

Bridgingandcommercial.co.uk, 13th October 2015
The peer-to-peer lending platform says investors will receive 5.67% annual interest over a term of 18 months.

The loan requires a minimum investment of £1,000 and is available to investors before 6th November at 5.67% - but after that the interest rate will be lowered to 5.43% - and the offer will close on 11th December.

Amicus went through several stages of quantitative and qualitative assessment undertaken by Crowdstacker after it ruled out more than 30 other potential firms because they did not meet its strict lending criteria.

Karteek Patel, CEO of Crowdstacker, said the due diligence process starts where other platforms stop and follows a highly selective approach to the borrowers it accepts on its platform.

“Most of our customers are looking to diversify their investments, but they are also quite cautious and only want to lend to financially solid businesses,” said Karteek.

“Amicus has a top level management team, exposure to a very strong market and has only lost 0.15% of capital on its loans over 6 years.  

Read the full article at www.bridgingandcommercial.co.uk