Generalist platform Crowd2Fund has launched a robot-driven portfolio investment service, according to our friends at Crowdfundinsider.
Crowd2Fund has “a new intelligent investment feature known as Smart-Invest, which will reportedly allow investors to automate their crowdlending investments.
“The UK peer-to-peer lending platform stated: ‘The Smart-Invest feature is the culmination of research into Artificial Intelligence and consultation with leading academics and industry leaders in the field to make sure we offer our investors the most valuable benefits from this new feature on the platform. After speaking with Murray Shanahan – Professor of Cognitive Robotics at Imperial – and technology leaders from IBM and Microsoft, we’ve gained valuable insight about the positive benefits AI brings to industries and everyday life.’
“CEO Chris Hancock said: ‘This is the start of a very exciting journey into AI with more technology led developments for Crowd2Fund in the coming months. Smart- Invest is aimed at retail investors looking to maximise their return on investment and their financial goals. Our intelligent automated feature means that investors can get on with their day-to-day lives whilst the platform manages their portfolio and returns for them. The combination of Smart-Invest and the IF ISA government scheme continues to demonstrate our commitment in helping our investors grow their savings whilst supporting great British businesses.’’
While that’s exciting for investors who like AI, we have a human-driven managed portfolio service that spreads risk across a portfolio of our carefully vetted loan offerings. It’s reasonable to expect a yield of eight per cent. Find out more by clicking on Contact Us.
Money&Co.’s latest loan offering closes in eight days. This A-rated, five-year loan of over £121,000 is being sought by an independent adviser looking to use the funds to expand.
The offering has a current indicative gross yield of around 8.5 per cent.
Risk
Our loans are only offered if our borrowers are free of all other debt, and have a track record of sustained profit. Moreover, Money&Co. takes a charge on the assets of the company, which is exercisable if a borrower defaults. The relevant assets could then be sold and used to reimburse lenders. As yet, after two years’ trading, no borrowers are in default. See our recent article on Money&Co.’s conservative attitude to vetting deals.
That said, remember that when lending, capital is at risk. See warnings on Home, Lend and FAQ pages.