As the country continues to try to find its feet following the historic vote to leave the European Union, new opportunities within the finance world are presenting themselves to both investors and borrowers. Although this is arguably a complicated time to rely on the banks for business loans, the possibilities that crowdfunding can provide in terms of lending are far more promising. Additionally, the best investment options can arguably be found via crowdfunding platforms at this time.
A Huge Boost for the Crowdfunding Movement
The Innovative Finance ISA, or IFISA, is one of the latest developments from the investment world. The IFISA is focused on P2P (Peer-to-Peer) lending and could be a real boost to those who have been experiencing low interest amounts on their ISAs since the beginning of the recession. The introduction of the IFISA is predicted to fuel the existing interest in P2P lending which has grown in popularity over the past few years.