By Daniel Lanyon on Friday 15 December 2017
The platform has been targeting financial advisers interested in P2P investments.
The platform has been targeting financial advisers interested in P2P investments since its launch in 2015.
Octopus Choice has passed £100m of assets under management, following on from the launch of its Innovative Finance ISA in the summer.
Offering yields of up to 4 per cent from from P2P loans secured against property, the firm targets financial advisers through its parent company's extensive network.
It launched in April 2015 and now has 650 financial advisers recommending Octopus Choice to clients. The firm says it is planning more growth in 2018 and is soon launching its Octopus Choice mobile app.
Octopus Choice says it has “conservative” loan-to-values averaging around 60 per cent with each loan underwritten by the lending team within Octopus Property who have lent out over £2.6bn with a default rate of less than 0.1 per cent, according to the firm.
Octopus Choice was named ‘Most IFA Friendly’ at the AltFi 2016 awards – as well as being singled out as the ‘One to Watch’.
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