We have gone above and beyond the requirements to protect consumers in respect of its service to approve financial promotions for cryptoasset firms. For example; we… require that our S21 clients explain steps customers can take to mitigate risks; prescribe training in respect of identifying and understanding the needs of vulnerable customers; provide a risk management framework, identifying the risks and training clients to assess and manage them After 10 years of managing high-risk investments, our experience prepares us to help others. Notwithstanding this, earlier today, the FCA used its ..read more

We’ve had a busy few weeks! The team has pulled together working all hours to help ensure Binance is compliant with the new Financial Promotions (FP) regime commencing 8/10/2023. This is a great partnership for us, Binance is the world’s largest crypto exchange. We’ve worked closely with a team of highly qualified professionals to ensure they comply with the High Risk Investments regime on time. We’ll be reviewing and approving various FPs and assisting with risk oversight and transparency. This is an important first step towards the regulation of cryptoassets and we’re pleased to be part of i ..read more

In our last post, we explained how our platform works. Now, we’d love to share why it works. Invest with a clear conscience. With rebuildingsociety.com, you control your investments, lending to businesses you choose. No more blind funds which may invest in industries or companies that you find unethical Businesses provide detailed information about who they are and what the loan will be used for. This information is available for all to see. Lenders are encouraged to ask questions and learn more about the businesses they lend to. Support the local economy. Investing in small and medium-sized ..read more

At rebuildingsociety.com, you’re in control. You choose the businesses you want to support, how much you want to invest, and at what interest rate. When you lend directly to businesses, your cash helps SMEs grow, and you earn a better return on your money.  As of July 2023, the average net return was over 8%*. It’s easy to register! We’ll just need to verify your identity and check your investment experience. Fill in a few details on our online form, then select which type of lender you are. If you’re new to peer-to-peer lending (P2P), you’ll likely be a ‘Restricted’ investor, which limit ..read more

We’re pleased to announce a new service for the approval of financial promotions for cryptoasset firms. Building on our experience as a Network Principal, rebuildingsociety.com is used to reviewing and approving third-party financial promotions. We are also familiar with the ‘high-risk investments’ (RMMI’s) regime, and our technical team (via sister company White Label Crowdfunding) is familiar with various forms of cryptoassets and their underlying technologies. So the combination of these three factors positions us well to provide this service. The new rules are restrictive and serve to best ..read more

Understanding the platform’s performance enables lenders to evaluate rebuildingsociety.com in the context of other P2P lending platforms and other forms of investment. Past performance is not a guide to future performance. July 2023 statistics In July, no new loans were funded. The total number of loans made via rebuildingsociety.com since its inception remains at 660. The total amount loaned to SMEs is £37m. No new loan defaults occurred. £471 was recovered from default. The average net return across all public loans was 8.76%. More information about how we calculated this Net ..read more

Introduction rebuildingsociety.com has emerged as a dynamic and innovative peer-to-peer (P2P) lending platform, revolutionising the way individuals and businesses access credit and investment opportunities. As this platform fosters financial inclusion and opens new avenues for growth, it is essential for all participants to understand their consumer duty. In this article, we will explore the concept of consumer duty in the context of rebuildingsociety.com and how it plays a pivotal role in building a transparent and responsible P2P lending ecosystem. The democratisation of lending One of the ..read more

Understanding the platform’s performance enables lenders to evaluate rebuildingsociety.com in the context of other P2P lending platforms and other forms of investment. Past performance is not a guide to future performance. June 2023 statistics In June, one new loan was funded. The total number of loans made via rebuildingsociety.com since its inception is now 660. The total amount loaned to SMEs is £37m. One new loan default occurred; individual lenders have been notified. £1,414 was recovered from default. The average net return across all public loans was 7.26%. More information ab ..read more

Most loan contracts are one-sided. As a Peer-to-peer lending platform, we sit in the middle, allowing you to fund your ambitions with a business loan designed to balance your interests with your lenders. Benefits include: Fixed interest rates Loans from £25k – £250k Short and long-term finance, from 6 to 60 months Fixed arrangement fee of 5% No margin fee, so 100% of the interest paid is relayed to your lenders Rate reductions when security offered No early redemption or restructuring fees The quick online form helps to get a fast decision Our loans are funded by a community of 1000s of ind ..read more

We’d love to share a bit more about who we are and what we stand for. At rebuildingsociety.com we fix two frustrations: the frustration many business owners have with access to finance and the frustration investors have with the disappointing levels of interest available from traditional investments and savings solutions. Experience. We began accepting loan applications in September 2012 and funded our first deal in January 2013. In February 2016 we were one of the first platforms to receive full FCA authorisation. Today we’ve facilitated over £35m and counting in loans to more than 650 UK SME ..read more