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United Kingdom
2013 (13 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Growth Street
Company Information
Get to know Growth Street
Founded in 2014, Growth Street was a financial technology company that operated a marketplace lending platform in the United Kingdom. Its mission was to provide SMEs with better financing options, specifically a flexible business overdraft-style product called GrowthLine. The platform connected businesses seeking working capital with a diverse pool of investors. In June 2020, citing the challenging economic environment, Growth Street announced it was entering a solvent wind-down, ceasing all new lending and closing the P2P platform. The company's outstanding loan book was subsequently sold to the specialist lender, Funding Circle.
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