UK P2P Platform Abundance Sees Early Innovative Finance ISA Success

Abundance sold 72% of all Innovative Finance ISA (IFISA) products in the last year; this represented 62% of investment into the new product overall; while the P2P lender is happy with their success they realize their market lead will diminish as they were one of a few platforms approved in the last year; a host of other platforms, including top lender Zopa, have been approved recently and the numbers are sure to be more widely spread out among a larger group of platforms; Bruce Davis, co-founder and joint managing director of Abundance, tells AltFi, “Abundance’s success is very much the good news part of the Innovative Finance ISA story to date.” Source

Notify of
Inline Feedbacks
View all comments