EasyMoney launched its first app in response to demand from lenders last month, citing research that found that many young investors choose their providers based on the quality of their mobile apps.
They are just the latest peer-to-peer lending platform to prioritize mobile banking. Increasingly, P2P lenders are entering the mobile app space, using new technologies such as open banking to make the user experience as intuitive as possible.
Right here, Peer2Peer Financial News summarizes all UK based P2P lenders with mobile apps, in alphabetical order.
Crowd2Fund launched on Apple’s App Store in 2016 to allow lenders to track and manage their investment portfolio on the go.
In 2018, the P2P business lending platform relaunched the app to include Innovative Finance ISA (IFISA) management functionality for investors.
Last month, EasyMoney launched a new app for lenders, which is now available on Apple and Android devices.
The platform said the app has open banking integration, at-a-glance account details, investments, withdrawals, and a quick sign-up process for new investors who could access the platform. form for the first time via a mobile device.
In March 2021, the P2P consumer loan platform launched an application for Apple and Android smartphones.
Investors can monitor their returns and set up an IFISA while borrowers can make withdrawals and manage credit limits.
Funding Circle has been in the app stores for some time. The platform, which last month announced plans to review its retail P2P lending business in June, launched an iPhone app in 2015 and an Android mobile app in 2018.
Both apps are aimed at investors and allow them to check their portfolio performance and view their account summary.
JustUs went live on its Moneybrain app in February 2020.
Moneybrain is a sister company of JustUs that compares different financial products, including P2P platforms. It also has its own cryptocurrency, BiPS.
The P2P mortgage platform launched in December an application, available on iOS and Android, to allow its lenders to access its features on a mobile or tablet.
This follows nine months of testing and improving its capabilities after launching a beta of the lender app in March.
LendingCrowd launched an app for investors in 2015.
Lenders can receive notifications when they are overbid and when an offer is accepted, as well as view their entire investment portfolio.
The specialized postgraduate student finance platform has an app that allows investors to track their loan information on the go.
Lenders can check their funds, balances, payment options, payment status, set up direct debit when paying from a qualifying bank account, use a calculator for better budgeting, and can get help of the platform’s payment team.
In July 2020, Rebuildingsociety launched an app available in the Android and iOS app stores. It allows existing and new investors, once they have completed a suitability test, to manage their portfolios, access funds, withdraw money, buy new loans and sell securities. secondary market loans.
The app also offers a graph where investors can see a breakdown of how much money they have, how much they have invested, and how their loans are performing. as well as a repayment schedule to show lenders how much income they will receive and when.
Zopa has an app for Android and Apple devices that allows users to stay in control of their Zopa loan, credit card, savings account or investment.
It also contains the platform’s “borrowing power”, a unique tool that personalizes actions to help customers improve their credit score, allowing them to borrow at a lower rate.