FOLK2FOLK Review: Peer to Peer Lending
FOLK2FOLK focus on the principle of ‘keeping it in the community’. Their goal is to create a personable and friendly experience for both borrowers and lenders with the chance to engage with real people rather than only through an online platform.
The portal is open for international investors.
Founded: 2013
Origin: United Kingdom
Buyback guarantee: No
Secondary Market: Yes
Autoinvest: No
Minimum investment: £20,000
Members
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Rural peer-to-peer platform Folk2Folk received £10.5m in Innovative Finance ISA (IFISA) investments last year, marking a new record for the lender. This was more than double the previous year’s inflows and means that the platform has attracted £19.4m in new and transferred ISA funds since it launched its IFISA product in July 2017.
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