LendingCrowd signs deal to boost SME lending

By Daniel Lanyon on 3rd October 2019

P2P/Marketplace Lending

The three-year deal will take LendingCrowd’s SME proposition to the accountancy market, the firm says.

LendingCrowd signs deal to boost SME lending
Image source: LendingCrowd

LendingCrowd has signed a three year deal with the Institute of Chartered Accountants of Scotland (ICAS) for a strategic partnership that will see the fintech lender become its preferred partner in its Business Loans category.

The agreement means that ICAS will provide LendingCrowd with a platform to communicate to their network of member accountants about the alternatives to traditional bank lending and provide discounts on client fees.

LendingCrowd founder and CEO Stuart Lunn says the strategic partnership with ICAS will help showcase the benefits of alternatives to traditional bank lending.

"It marks another important step forward in LendingCrowd’s growth story, five years after we launched. We look forward to working closely with ICAS and making this partnership a real success story,” he added. 

ICAS Chief Executive, Bruce Cartwright CA, added: “We are pleased to have entered into a strategic partnership with LendingCrowd and secured a new, exclusive benefit for our members. Through our partnership, ICAS members’ clients can now claim 25 pe cent off LendingCrowd business loan fees. We look forward to working with LendingCrowd over the coming years.”