Major peer-to-peer lenders still months off unveiling Innovative Finance ISAs amid approval backlog

moneysavingexpert.com, 8th April 2016
“Only two peer-to-peer lending platforms out of 94 are currently able of offer the new Innovative Finance ISA following its launch this week, as rigorous checks by the regulator have held up the approval process...

….In total, 94 peer-to-peer platforms have sought approval from the FCA to offer an IFISA, although as it stands only eight requests have been granted.

Of those just two platforms – Crowdstacker and Crowd2Fund – have been given the all clear by HMRC to provide the IFISA, which can be applied for via the companies' websites.”

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