Rebuildingsociety.com
Type | Limited |
Founded | United Kingdom (2011) |
Founder | Daniel Rajkumar |
Headquarters | Leeds, England, UK |
Products | Peer-to-peer lending |
Website | https://www.rebuildingsociety.com/ |
- Rebuildingsociety.com is a peer-to-peer lending platform.
- It facilitate the online arranging of finance between lenders and small and medium-sized enterprises.
- The Rebuildingsociety.com website operates as a lending platform by allowing approved businesses to publish a loan application.
- Investors can subscribe to parts of the loan after assessing the business's information, committing an amount of their choice, with an interest rate of their choice.
- Because investors choose which businesses and at what rate they lend, returns can vary considerably.
- Regulation
- The Financial Conduct Authority undertook to regulate the peer-to-peer lending industry from April 2014.
- As of 22 February 2017, Rebuilding Society transitioned from interim permission to full FCA authorisation, with the following permissions:
- Operating an electronic system in relation to lending
- Client money
- Since early 2021 Rebuilding Society has been subject of FCA investigations and some of its activities have been suspended.
- Rebuildingsociety.com also offers a licensed version of its technology to other businesses looking to break into the peer-to-peer lending industry through White Label Crowdfunding.
- The firm is a member of:
- European Crowdfunding Network
- UKCFA
- Federation of Small Businesses