: The administrators are responsible for recovering funds from outstanding loans and distributing them to creditors according to the Financial Conduct Authority (FCA) guidelines.
FundingSecure was a UK-based peer-to-peer (P2P) lending platform that specialized in asset-based loans, often described as a "peer-to-peer pawnbroker".
: It connected individual investors with borrowers who needed short-term funding. fundingsecure.com/pawnbroker
: Approximately 3,500 investors were left with outstanding loans totaling roughly £80 million.
: Because the focus was on the asset's value rather than credit history, funds could often be released within 24 hours. Current Status: Administration : The administrators are responsible for recovering funds
If you are an investor looking for information on a or need to know how to file a claim with the administrators, I can provide those details.
: CG Recovery Ltd was appointed to manage the wind-down of the company. : Approximately 3,500 investors were left with outstanding
: On October 23, 2019, FundingSecure Ltd was placed into administration .