Asset Finance  through peer Lending

Well, what a first few days.

We knew when we launched the platform that we are the new kids on the block and there would be feedback, but the lending community has been incredible in their feedback for our business.

Taking the time to comment, to send emails of encouragement and sometimes frustrations, is an essential part of being able to deliver a useful platform for our lenders and borrowers. So for those of you who have given feedback, thanks, we really do appreciate it.

The first loan is ongoing and as of writing was almost 6% complete, which is ahead of our expectations seeing as we launched with relatively little fanfare, so we are quietly pleased, or  as our Yorkshire contingent would say ‘chuffed’.

It appears the main issue has been registration and we have now implemented a few changes:

• The captcha has been improved to be more user friendly.
• The password requirements for capital letters etc, have been removed, but we encourage you to make sure that the password is secure
• We are adding a driving license field to the ID verification so you can use that OR your passport.We are also looking at whether we need this at all and can utilise our Tracesmart system more fully and do away with the need for a passport or driving license. It is a tough one, because we want to make sure we are super compliant with FCA regs, but if it can be done in a compliant fashion but more efficiently we will implement.

We have had some feedback on the aircraft valuation docs with some that would like an explanation of what all the headings are and how these are read, so we are preparing a blog post on that.

That’s it for today, thanks again for the feedback, thanks to those who have had the confidence in us to bid on the loan and please, if you have any suggestions on what you would like to see on the blog, our any permanent pages you would like, send us a mail and we will be happy to have a look at getting in done.