F&P was established by Ivor Freedman and his team of corporate finance experts who embraced the emerging concept of peer-to-peer (P2P) business funding in its infancy. nCompass developed the F&P brand and created all the marcomms including the website, eCRM, a regional event programme for finance professionals, literature and emarketing. In their first three years, F&P had listed loans to the value of over £100,000,000.
As a sponsor for lending platforms such as ThinCats, F&P accounted for up to 80% of the listed cases at any one time with some lenders. P2P platforms take money from investors and lend it to borrowers in exchange for a return, normally at much higher interest rates than conventional institutional lenders. The attraction for borrowers is that P2P investors and the platforms they use, make funding accessible to businesses that may not otherwise meet lenders strict criteria. They are regulated by the Financial Conduct Authority but are not covered by the Financial Services Compensation Scheme.
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