Crowd Valley (a Grow VC Group company) is excited to announce that our UK clients and partners can now get full access to ISA and IFISA products through its back office API.
Last Spring, the British government created a new type of Individual Savings Account (ISA), allowing British citizens to invest in peer-to-peer lending platforms regulated by the FCA without being taxed on the income generated by doing so. This Innovative Finance ISA is particularly attractive in the current context: with low interest rates and an unusual amount of uncertainty regarding the future of the British stock market, investors are now able to diversify their portfolios using P2P lending opportunities under a tax shield similar to the stocks & shares ISA.
P2P lending platforms provide their investors with an opportunity to realise returns significantly higher than average. The government itself estimates that investors can expect their investments to generate returns in the 6%-8% range. However, it also underlines that retail investors should keep in mind that those higher returns are meant to compensate for higher risks.
As the end of the tax season gets nearer, initial conclusions can be drawn: there is a consensus on the fact that P2P lending platforms allowing their users to invest through their IF ISA accounts were ideally positioned. Indeed, UK investors have shown a clear preference for ISA structures throughout the year, and the ones that integrated this feature to their platforms were able to meet their investors’ increasing demand for tax deductible investments.
Thanks to its central position in the British Innovative Finance market, Crowd Valley is proud to provide P2P lending platforms with features that will allow them to:
All parties interested in implementing the Innovative Finance FSA feature on their platform, or looking to build a P2P lending platform shouldn’t hesitate to get in touch with Crowd Valley.
Est. 2009 Grow VC Group is the global leader of fintech innovations, digital and distributed finance services. Our mission is to make the finance services more effective, transparent and democratic. The Group includes leading fintech companies in their own areas.
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