Relendex News

Latest financial news and updates from Relendex

Relendex’s Secondary Market Trading Crosses £1 million Mark

1 Million Of Trading

Since the launch of our Resale Marketplace in November 2016, more than £1 million worth of Loan Parts has been traded on our secondary market. This shows that lenders have really taken to the Resale Marketplace where they are able to buy and sell Loan Parts at par with no fees charged.

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Relendex Rights Issue

London, England – Relendex Limited announces that it has concurrently completed the rights issue and a new round of financing from new investors. The proceeds will be used to allow further investments in new technology and services. The latest investment places the company at a £6 million post-money valuation on a fully diluted basis.

Michael Lynn, founder and CEO of Relendex reveals further FinTech development plans: We are constantly improving the platform functionality and the services we offer to our customers. Our focus is now on creating a Payment Gateway, AutoLending and the development of a Mobile App.

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Smoother Process for International Lenders

International Lenders

Since peer-to-peer is all about giving power to the people, it only made sense for us that those ‘people’ not be restricted to only those in the UK. We have always been open to international lenders albeit with a different due diligence process. But we want to make the process even more seamless for individuals living abroad who want to lend money with us.

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Launch of Innovative Finance ISA

ifisa launch

As they say, good things come to those who wait. But now the wait is over!

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What an Innovative Finance ISA can offer

IFISA

With the numbers released yesterday that inflation in the UK has increased to 2.7% (the fastest rate of increase since September 2013), it is no wonder that people are looking for ways to put their money to work. This may explain the growth of the peer-to-peer (P2P) sector as investors look to alternative asset classes to make a return.

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Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - FRN 723117.

 

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.
View Notice in full

 

Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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