Linked Finance is Ireland’s largest peer-to-peer lending platform. Linked Finance offers loans to Irish SMEs. Linked Finance is authorised to operate in the UK by the Financial Conduct Authority.
Linked Finance - Start Lending - How it Works
LinkedFinance offers a new and painless way for Irish businesses to borrow money (business loans/funding) from a large group of real people, including ...
Use the Autobid (autoinvest function) to invest. While it is possible to make manual bids, many of the smaller loans are funded in minutes. The Autobid lending tool allows you to bid automatically on 'Live Loans'. You can find Autobid in the 'My Account' section. It's on the furthest tab to the right.
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Borrowers are exclusively (small-scale) Irish companies (SMEs). The duration varies from 6-36 months. The interest is fixed and there is no bidding process. As an investor you can get detailed information about each loan.
Logging in is really straightforward - if you know the English language, that's done in a few minutes. The obligatory identity card scan and a confirmation of address (bank letter, etc.) is required only on withdrawal. Deposits can be made very easily by credit card.
Linked Finance offers unsecured P2P here. There are no "guarantees" or promises as with most Baltics platforms like Mintos , Robo.cash o rpeer Berry but there are simply credit losses with which you have to expect. However, default rates are very moderate. Each quarter, Linked Finance publishes its Loanbook, with various statistical data. This can be found under the statistics , but you have to be logged in
The largest platform for alternative finance in Ireland says managing cash flow and working capital a key consideration for may Irish firms Brexit preparations including many of the businesses who already use the Linked Finance.