rtmark
LearnBonds.com

Peer Funding Platform Shutting Down Due To Failure To Raise Funds

Peer Funding, a “business only multi-product” peer-to-peer lending platform, will be shutting down in half a month starting September due to failure to bring in additional funding, reports Peer2Peer Finance News.

The lender, which has failed to participate in trading for a while now, sent out an email to investors this Thursday informing them that money held on the trading platform will be returned to them this August 21. Either that, or the process will be done shortly afterward or possible even on September 1.

In the email update, Peer Funding stated:

“Peer Funding has been seeking external investment to secure the future growth of the company for some time and has not traded whilst searching for the right investors for the business, on the right terms,” it said in the update. It is with regret that I have to advise you that after a long and fruitless search, we have been unsuccessful in securing the investment required. The directors have therefore made the difficult decision to close the platform.”

The platform considers itself a “multi-product P2P platform” with a few different finance solutions for businesses that need to borrow money. The company shutdown will follow its Resolution Compliance, the website reads.

Unfortunately, Peer is the second P2P lender to meet its downfall in recent days. Less than four months ago, competitor Lendy, a popular P2P platform, shut down as well.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/