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In The Press

Read the latest press articles about Crowdstacker.

The Innovative Finance ISA is Available Today, Meanwhile Some Large P2P Platforms Wait for FCA Approval

Crowdfund Insider, 6th April 2016
"The UK peer-to-peer (P2P) lending industry has been waiting for this day for quite some time. The Innovative Finance ISA (IF ISA) is now available to savers across the country representing a new investment option promoted as driving superior risk adjusted returns for investors.  With approximately 22 million adult accounts holding around £500 million – the P2P industry is understandably excited about the new opportunity…..

…Crowdstacker is one of the platforms that has been approved by the FCA making the April 6th start date.  The P2P lending platform said they were pleased to announce they were open to investment. CrowdStacker CEO, Karteek Patel, called the IF ISA Karteek Patel launch a significant opportunity for investors to grow savings tax free. Patel expected solid interest from consumers;

“We’ve seen a lot of traffic to our site and customer service helpline over the last few weeks from people looking for more information about the Innovative Finance ISA. There is definitely a growing appetite out there for IFISA investments that provide more than the paltry returns on offer from other products.”... Read the full article at Crowdfund Insider.

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.”

Read the full article at www.moneysavingexpert.com

Crowdstacker announces IFISA details

Financial Reporter, 31 March 2016
FCA authorised peer-to-peer platform Crowdstacker has announced the full details of its new Innovative Finance ISA ahead of next week's launch.

The Crowdstacker IFISA will enable investors to take advantage of earning tax-free interest on any of the investments featured on the platform. Read the full article at Financial Reporter.

Crowdstacker Releases Innovative Finance ISA Details for April 6 Launch

Crowdfund Insider, 31st March 2016
Crowdstacker is one of the elite few peer to peer lending platforms that has received the stamp of approval by the FCA as a fully regulated platform.  While other P2P platforms will follow, Crowdstacker will be ready to go next week as the Innovative Finance ISA (IF ISA) becomes available to UK consumers. In advance of the launch on April 6th, Crowdstacker has revealed the details of its IF ISA. Read the full article at www.crowdfundinsider.com

 

Crowdstacker featured in the Daily Mail

The Daily Mail, 27th February 2016
..."Some providers already have full authorisation, such as Crowdstacker. Karteek Patel, chief executive, says: ‘It may be that some platforms miss out on the chance to offer the new Isa as soon as it comes into being. But, ultimately, taking the necessary time to obtain authorisation will be in the best interest of the consumer.’"... Read this article in The Daily Mail

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Crowdstacker featured in The Independent

Independent, 19th February 2016, by Andrew Hagger

Crowdstacker were featured in the Independent in February 2016.

Read the full article in the Independent.

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Crowdstacker featured in The Times

The Times, 19th February 2016
"...Just six recently launched peer-to-peer and debit crowdfunding sites, including Crowdstacker and Crowd2Fund, have full approval. All the big players — including Funding Circle, Zopa, LendInvest, ThinCats, Wellesley & Co and RateSetter — retain the interim approval status granted when the authority took over regulation of the sector in 2014"... Read the article in The Times. 

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P2P platform Crowdstacker reveals IFISA details

Financial Reporter, 19th February 2016
FCA authorised platform Crowdstacker has announced the details of its new Innovative Finance ISA that will be available to investors from 6th April 2016.

Investors will be able to enquire and apply online for the Crowdstacker IFISA as soon as HMRC regulation comes into force at the beginning of the new tax year.
 
Karteek Patel, CEO of Crowdstacker, said: “Our investors to date have secured rates of return of around 5-7%, and now we can offer this in ISA format so they can also reap the tax efficiency benefits." Read the full article in the Financial Reporter

Fully FCA regulated P2P platform Crowdstacker announces its IFISA

FULLY FCA REGULATED P2P PLATFORM CROWDSTACKER ANNOUNCES ITS IFISA 
AS PANIC RISES AMONGST NON-REGULATED PLATFORMS

FULLY FCA authorised platform, Crowdstacker, today announced the details of its new Innovative Finance ISA that will be available to investors from April 2016.

Investors will be able to enquire and apply online for the Crowdstacker IFISA as soon as HMRC regulation comes into force at the beginning of the new tax year.

Unlike some other as yet not fully authorised platforms, including the top four, Crowdstacker already has the necessary FCA permissions in place so there will be no delay to its IFISA product.  

“Our investors to date have secured rates of return of around 5-7%, and now we can offer this in ISA format so they can also reap the tax efficiency benefits” commented Karteek Patel, CEO of Crowdstacker.

“Unfortunately, there have been a few signs of panic from other platforms, particularly in the last few days, as they wait for their full authorisation to come through which is needed before you can apply to offer an ISA.  

“We know from when we went through this process in the first half of 2015, it is not really possible to tell when it will be complete until you receive the final paperwork.  It is obviously incumbent on the FCA to ensure all platforms fully meet their criteria, and this takes time.  So it looks like other platforms will just have to be patient.”

The Crowdstacker IFISA will enable investors to take advantage of earning tax-free interest on any of the investments featured on the platform.  Currently, this includes Amicus, which is offering more than 6% over a three year term – more than twice the return from a current average cash ISA.(1)  The table below illustrates the potential relative earnings for the full annual limit of £15,240 invested in a Crowdstacker IFISA against typical cash and tracker ISAs.  

Investment type

Rate

Value at end of first year

Typical cash ISA (1)

2.6%

£15,636.24

FTSE Tracker fund ISA(2)

- 7%

£14,173.20

Amicus 12mth term

4.32%

£15,898.37

Amicus 18mth term

5.43%

£16,067.53

Amicus 36mth term

6.39%

£16,213.84

Crowdstacker only offers investment opportunities in businesses that have passed its strict due diligence process.  This means that only the best, hand-picked opportunities, according to Crowdstacker, are featured, and each are structured with a variety of safe-guards aimed to protect investors’ money.

“We only allow businesses with sound financial track records, strong management teams and the proven ability to handle large investment sums wisely, to raise funds on our platform” explains Karteek.

“They also have to be looking to raise £1m or more to feature on our platform, so our screening process is designed to be more detailed and forensic.  We just don’t think we’re the same as some other platforms.  What other platforms do for individuals and smaller companies is obviously fantastic, but Crowdstacker believes it operates in a different market.  We lend to bigger, stable and, yes, potentially more boring, businesses.  But this is because we believe those types of business are more likely to offer a lower element of risk."

(1) State of India Bank offering 2.6% on minimum £15,000 investment, correct as at 12noon on 16th February 2016 http://www.moneysavingexpert.com/savings/best-cash-isa#fixed is protected by the FSCS and by consequence offers lower risk

(2) FTSE fall of 7% over 2015 as quoted in Daily Mail article on 21st December 2015 http://www.thisismoney.co.uk/money/investing/article-3368880/How-FTSE-100-end-2016.html 

Crowdstacker featured in the Daily Mail

Daily Mail, 11th February 2015
..."Karteek Patel, chief executive of P2P lender Crowdstacker, says: 'People are seeking better returns than traditional safe havens offer, but they still want safety, particularly those looking for income in retirement. If they're considering peer-to-peer, we advise them to choose a platform carefully. 'For example, many peer-to-peer platforms offer investors the opportunity to lend to businesses that the platform has never even met. This is clearly risky.

'We carry out an extensive due diligence process before putting an investment opportunity on our platform and while there are always risks in lending to any business, we like to think that as one of only a handful of fully FCA-regulated P2P platforms, we've done more homework on our lending opportunities than most of our competitors.'...

Read the article at www.dailymail.co.uk