LendingCrowd Launch Investor Facing App

By Sam Hodges on Tuesday 1 December 2015

Alternative Lending

Peer-to-peer lender LendingCrowd has introduced an app to make its investors’ lives easier.

The iOS app will give investors instant access to their investment portfolios and the ability to invest while on the move. Some key features of the LendingCrowd app are:

  • Investors can view their whole investment portfolio
  • Receive notifications of when they are outbid
  • Receive notifications of when a bid is accepted

Users of the app will be able to manage the entire investing experience on the go; from the moment they sign up, to closing a lending deal.

Stuart Lunn, CEO of LendingCrowd, believes that the app will open up the opportunity to a whole new audience.

“The LendingCrowd app is by some distance the most sophisticated mobile offering in the sector and gives our investors instant access to their investment portfolio. The in-house development team here has worked around-the-clock to produce an app that is exceptionally easy to use, with investors now able to embark on the investment journey at the touch of a screen.

“Already the initial feedback has been fantastic and we hope that the ease with which people can use the app will encourage even more potential investors to sign-up and back UK SMEs directly,” he said.

LendingCrowd is not the first UK platform to release an app suitable for mobiles and tablets. SME lending company Funding Circle, for example, launched a mobile app back in 2013. Companies such as Zopa and RateSetter have elected instead to optimise their websites for mobile access.

The peer-to-peer lending sector isn’t the only segment of the alternative finance space to benefit from a mobile app. Earlier this year, Teathers Financial Software Limited released a similar product for the crowdfunding industry. Leading US SME lender OnDeck also launched an app earlier this year, aimed at its borrowers. The OnDeck app allows customers to access their accounts at any time, to draw down funds, check their balance, scan their history and make repayments.

The use of technology such as mobiles and tablets is on the rise and it wouldn’t be a shock to see more platforms releasing iOS applications before long.

The LendingCrowd app is available as a free download from the Apple App Store, with an Android version on its way.

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