“Why should investors have to pay to lend their money to businesses?"
22nd March 2018 - Crowdstacker announced today it would no longer be charging any fees at all for investors on any of its investment products, including its popular Innovative Finance ISA.
Fees charged by Crowdstacker have always been limited, but the removal of a nominal GBP15 transfer fee means that now investors incur no costs at all for investing via the platform.
The alternative investment platform enables investors to lend money to well established and financially successful British businesses through a variety of investment products. Returns are varied but average around 5-7% p.a. and all investments are eligible to be held tax efficiently in an Innovative Finance ISA, or as part of a SIPP.
Karteek Patel, CEO of Crowdstacker: “Why should investors have to pay to lend their money to businesses?"
“We want to support great British businesses which are innovating, creating jobs and supporting the homegrown economy. And to do this we need to encourage everyday people to invest their money by offering good rates of return, simplicity and, now, the ability to do this without paying any fees.”
Across the financial services sector traditionally fees are charged to investors in a variety of ways and can include exit fees when withdrawing funds or servicing fees for arranging or managing investments.
“Despite being a major driving force behind the movement towards greater transparency in financial services, many alternative lenders, including the large well-known brands, still persist in charging investors,” Karteek continues.
“Crowdstacker was built upon the idea of democratising access to good quality business investment opportunities. Which means not only creating a direct relationship between lenders and borrowers, but also removing any and all barriers to entry.
“Fees may seem like a small cost at, for example, around 1%, but unless these are totally removed a platform can’t really claim to be making the investment process as transparent as possible.
“Crowdstacker has always been, and aims to always be, about making investing an easy and straight-forward process with a focus on making money for the lenders and helping the business borrowers to expand and grow.
“At the heart of this is the belief that people shouldn’t have to pay to invest their hard earned cash.”
Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future. For more information please see our full risk warning https://crowdstacker.com/risk-warning.
Crowdstacker Ltd. is authorised and regulated by the Financial Conduct Authority (frn. 648742).
More info contact: Rebecca Stiasny 07771813761 firstname.lastname@example.org
Crowdstacker is an FCA regulated investment platform that makes available lending opportunities to great British businesses in the UK. It is a member of the industry body the Peer to Peer Finance Association (P2PFA).
It aims to make peer-to-peer lending accessible and rewarding for investors, and for the companies who use the platform. It also offers other debt based investments including Bonds and Loan Notes. The focus is on quality and reliability. It only considers applications from companies which have a compelling proposition and are in good financial health.
The company’s founders have worked together for more than a decade and combine a wealth of knowledge of the finance industry. Their considerable experience includes raising finance for companies, projects and funds in many sectors.
This press release was distributed by ResponseSource Press Release Wire on behalf of Crowdstacker in the following categories: Personal Finance, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.