Co-founded by Nick Harding and Matt Powell, both 36, in 2014, this peer-to-peer lender has provided more than 30,000 loans. The London-based company says it has sacrificed margins to boost customer experience and was the first peer-to-peer provider to arrange insurance for its lenders, protecting against borrower default. Lending Works also provides a white-label platform for partners such as Revolut. Since securing funding from business angels, the company has raised more than £10m from investors including Maven Capital and Pollen Street Capital. Sales, which comprise commission from loans and interest, hit £6.2m in 2018.
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