LendingCrowd, operating under the slogan "Think Outside The Bank", is a pioneering entity in the fintech sector, providing alternative financing solutions to SMEs in the UK. Founded in 2014 and headquartered in Scotland, it is distinct for being the only such platform there.
The company's approach addresses the challenges SMEs face in securing traditional bank loans by offering an innovative and flexible platform. Their services emphasize straightforward security, minimal administration, and no exit fees, helmed by an in-house team of credit specialists, effectively simplifying the lending process for businesses.
In its journey, LendingCrowd secured a substantial £100.00M in Debt Financing from noted institution Barclays Bank as of 10 February 2022. The firm, while not covered by the Financial Services Compensation Scheme, remains a regulated body under British financial regulatory frameworks, specifically the Financial Conduct Authority.