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| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2013 |
| Founder | Stephen Findlay |
| Headquarters | , |
| Products | Financial services Direct lending |
Number of employees | 18 |
| Website | www |
BondMason is a direct lending (including peer-to-peer lending) investment manager based in Harpenden, England. [1]
BondMason was founded in 2013 [2] by Stephen Findlay, an accountant with a background in private equity who previously worked at Fidelity Equity Partners. [3]
BondMason's peer-to-peer lending platform operated from October 2015 [4] until May 2019, at which point it ceased its core property-lending investment service. [5] The company claims that this was not due to financial troubles, but rather concerns about the credit outlook. Findlay had also explained in an interview that the platform had struggled to obtain FCA regulation. [6] According to the company web page, BondMason's clients received over 100% of their invested capital back. [7]
In 2016, BondMason completed an equity funding round led by Par Equity, a venture capital firm based in Edinburgh, Scotland. [8] In March 2018, the company secured £1.85 million in another funding round led by Seneca Partners and Par Equity. [9]
BondMason was one of the first companies accepted onto the Financial Conduct Authority (FCA) Innovation Hub programme. [10]
BondMason's peer-to-peer lending platform enabled clients to access returns from direct lending, mostly loans secured against UK property. It offered bonds and investment funds.
The company also produced proprietary research into direct lending market trends, [11] [12] including analysis that identified the size and growth of the UK peer-to-peer lending market from £2.3bn in 2015 [13] to £3.2bn in 2016. [14]
A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties.
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equity and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants.
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.
Zopa Bank Ltd. is a British online bank which offers deposit accounts, personal loans and credit cards. It began as the world's first peer-to-peer lending company in 2005 and gained a full banking licence in 2020. The peer-to-peer side of its business closed in December 2021.
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RateSetter is a British personal loan provider, founded in 2009 as one of the pioneers of peer-to-peer lending. The London-based company traded in the United Kingdom and through a locally-owned and run business in Australia. The UK business was acquired by Metro Bank in September 2020, leading to closure of the peer-to-peer products in April 2021.
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Wellesley Group is an established alternative property investment platform, that issues Bond investments to the UK retail market. The Wellesley Group consists of Wellesley & Co., Wellesley Finance Plc and Wellesley Group Investors Ltd. Wellesley Group is named after co-founder Graham Wellesley, 8th Earl Cowley, who was previously Chief Executive of IFX and Finspreads.
Peer-to-peer asset management is the practice of sharing investment strategies between unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other collective investment management vehicle.
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets. Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation. Equity crowdfunding is also referred to as crowdinvesting, investment crowdfunding, or crowd equity.
The House Crowd was a British peer to peer lending and crowdfunding platform that allowed people to invest in bridging loans and property development loans from £1,000. In 2018, the business achieved authorisation from the Financial Conduct Authority and launched their Innovative Finance ISA. As of January 2019, The House Crowd had funded 368 properties, raised over £93 million and paid investors returns in excess of £38 million. The House Crowd was placed into administration on 24 February 2021 and subsequently wound-up.
Landbay is a UK Financial technology company that operates a mortgage lending platform to allow institutions to fund residential mortgages in a ‘Mortgage-as-a-Service’ construct.
Alternative finance refers to financial channels, processes, and instruments that have emerged outside of the traditional finance system, such as regulated banks and capital markets. Examples of alternative financing activities through 'online marketplaces' are reward-based crowdfunding, equity crowdfunding, revenue-based financing, online lenders, peer-to-peer consumer and business lending, and invoice trading third party payment platforms.
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LandlordInvest is a peer-to-peer lending platform that enables people to invest in residential, commercial, and semi-commercial bridging and development loans. The platform's target audiences are professional property investors and landlords. It was the first residential property-backed Innovative Finance ISA made available to UK savers.
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