Loanpad is a peer-to-peer lending platform that enables investors to earn daily interest on their funds through simple, transparent online accounts. By offering both daily and 60-day access options, Loanpad addresses the need for accessible investment opportunities with competitive returns while maintaining full control over capital.
Funding
$590K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional investment options often lack accessibility and transparency, making it difficult for individuals to easily invest and earn daily interest on their funds. Many platforms require high minimum investments or have complex structures, limiting opportunities for smaller investors seeking straightforward, daily returns.
Solution
Loanpad is a peer-to-peer lending platform designed to provide investors with a simple and transparent way to earn daily interest. The platform offers both daily and 60-day access accounts, allowing investors to choose the option that best suits their liquidity needs. By focusing on accessibility and clear terms, Loanpad enables users to grow their capital with a low minimum investment and a user-friendly online interface. Interest is accrued daily and deposited into the user's Loanpad cash account.
Target Audience
Loanpad primarily targets individual investors seeking accessible, transparent, and daily-interest-earning investment opportunities, including those looking for tax-advantaged savings through an ISA.
Features
- Daily interest accrual and payments into Loanpad cash account
- Choice between Classic (daily access) and Premium (60-day access) accounts
- Low minimum investment of £10
- FCA authorized platform
- Option to invest through a Loanpad ISA for tax-free returns (subject to individual circumstances)
- Real-time loan book statistics, including total live loans, lending partner participation, and average loan-to-value (LTV)