Crowdfunding is the process of raising money – "funds" - directly from "the crowd". Typically, a large number of people each contribute a small sum of money.
Here's the practical process: If you have a company with at least three years' filed accounts, a good track record of profitability (and the company needs to currently be in profit) you can apply for a loan through us.
We will check your company's finances, and if we think it is credit-worthy, we will give it a risk rating. Money&Co. has an experienced team of credit analysts assessing businesses, backed by a powerful system to help us do it quickly and fairly.
Then it's up to the crowd to decide whether or not it wants to fund you. If you have made an attractive and compelling case as to why you want the money – normally this will simply be an explanation of why your company requires funds to grow the business and what you want to spend it on - then lenders should commit funds to us.
This money is collected and controlled by Money&Co.'s administrative system.
Money&Co. doesn't lend the money itself, but we do administer the process.
Essentially we are the administrators of an old-fashioned credit union – except that instead of using an old-fashioned pencil and notebook, our "ledger" is a state-of-the-art 21st Century, fully automated administrative system that took 100 man years to build, and has the capability to run 5 million accounts.
Money&Co. is in the P2P business-lending sub-sector of crowdfunding. And is part of the fast-growing trend in crowdfunding loans.
Top crowdfunding tips for lenders from Money&Co.
Get all the facts and statistics about crowdfunding from Money&Co.
What is crowdfunding? Money&Co. covers the basics for you