Lendy reaches £183m in total repayments to investors

Lendy reaches £183m in total repayments to investors

Lendy has reached £183m in total repayments to investors as it celebrates its fifth birthday.

Lendy has returned £100m which is a 120% increase to investors in the last 12 months.

Total repayments include £152m in capital repayments and £31m in interest repayments since the platform’s inception in 2012.

This comes after Lendy recently returned £7.92m to its investors in what is believed to be the UK’s biggest ever single P2P loan repayment.

Liam Brooke, co-founder of Lendy, said: “We continue to show that P2P lending can deliver investors reliable returns and the amount paid to our investors is increasing every year.

“We are always looking for new ways to improve our service and have several targets for the coming year.”

P2P Lending continued its expansion in the UK last year, with lending across all platforms growing to £3.2bn in 2016, a yearly increase of 39%.