I'd never even considered investing my money before I heard about crowdfunding. I like that I can choose exactly which businesses my money will support and that you don't need thousands of pounds to be an investor here.
Click on the Login or Register button at the top right-hand corner of the screen
Register your details, including bank account details, to transfer money for lending and for receiving interest and capital repayments
Once you've been accepted (the law requires us to check you are who you say you are) go to the loan auctions page and look at the businesses seeking funds
Decide which borrowers you like and place a bid. You can bid to lend as little as £10 per loan until the auction closes. Prudent lenders will lend small amounts to several companies to spread risk
After the auction closes and the borrower gets the funds, monthly payments will begin. We distribute these payments to you, the lenders
As a Lender your capital is at risk and you may lose money loaned to a specific Borrower. Money&Co. will seek to recover any future bad debts but will not provide compensation should this be unsuccessful. For more information, please contact us either by email: firstname.lastname@example.org, or by phone: 020 3143 4000.
* Returns stated are gross, before a one per cent annual Money&Co. fee, and the expected bad-debt rate of one per cent per annum. Your actual return may be lower as your capital is at risk.APPLY NOW
Yes, providing that you understand the potential risks and benefits of lending to businesses on this site. It's also important that you understand the fees and costs of lending. We also have to check that you are who you say you are – this "Know Your Client" process is required by financial regulators, and is designed to prevent fraud and money laundering.
When you lend to a small or medium-sized business, you inevitably take on risk. While we do extensive credit analysis of businesses seeking funds, it is possible that a business may fail. In that case, you may lose all or part of the money you have loaned to the business. Your capital is at risk, as is the income you would have been entitled to. You should only invest money you are prepared to lose – and of the money you invest in small or medium-sized businesses, it is prudent to spread your risk by investing across a range of companies operating in different commercial sectors. This is called building a diversified portfolio. Money&Co. will seek to recover any bad debts but will not provide any compensation in the event that this is unsuccessful.
The first step is to look at the businesses that have applied for loans from Money&Co. They will all have had their finances checked and been given a credit rating by our credit analysts. Then you can bid for a loan. You need to say how much you want to lend, and at what rate. The auction will close at a specified time. At this point, if the required amount has been raised, the auction closes, and the business will receive its funding, and begin to make monthly payments.
When a company has been approved and a credit rating attributed, then the auction will go live. You will be able to read about the company on the site and decide whether you like the look of the loan. The credit rating will provide guidance to you in terms of what rate of interest you should ask for. You will then have to decide how much you would like to lend to the company and at what rate of interest. When the company has all the money that it has asked for, it will be able to close the loan immediately if it is happy with the overall rate of interest. Otherwise, they may keep it open for up to 14 days to try and reduce the overall rate. It is only when the auction has closed that you will know whether your bid has been successful or not. Whilst your bid is still live, you will not be able to use that amount of money to bid in another auction. If your bid is successful, you will start receiving payments at the rate of interest that you bid once the loan has been made. If your bid is not successful, that will almost certainly be because another lender has offered to lend at a cheaper rate. In that case, your money will be released in your Money&Co. account and you will be able to commit to another auction.