Funding Circle response to “Investing? DON’T!”

Hi Steven

Thank you for posting a review.

We are sorry you have not enjoyed lending through Funding Circle. It should be noted that peer-to-peer lending should be viewed as a mid to long term investment with the secondary market being a feature of our platform. However, accessing funds in this way is not guaranteed as it is contingent on there being investors available to buy loan parts from you.

Prior to the situation with COVID-19 loan parts were selling on the secondary market at a steady rate, however slower than you may have become accustomed to.

As part of our ongoing measures to protect investor returns, we took the decision to pause the secondary market while we continue to evaluate the potential impact of Covid-19. This forms part of a number of measures introduced recently.

As a regulated platform, we also want to ensure that loans bought and sold by investors on the secondary market are priced fairly. This means taking into account the wider economy and how it might impact small businesses. This does not affect your ability to access funds from the monthly repayments you receive from borrowers.

As lending is turned off you will interest and principle from the businesses you've lent to. We will continue to monitor the situation closely and will update you once we are able to resume the secondary market.

If you would like to discuss this with a member of our investor support team please give us a call on 0800 048 2467 or email contactus@fundingcircle.com. The Funding Circle team.