Lendy Ltd was a prominent peer-to-peer lending platform in the United Kingdom, connecting retail investors with property developers seeking funding. The company offered investors potentially high returns by allowing them to fund secured property loans. However, Lendy faced significant financial difficulties and a high rate of loan defaults, which ultimately led to its collapse. It was placed into administration in May 2019, a high-profile failure in the UK's P2P lending sector that resulted in significant losses for its investors. The company is now being wound down by administrators from RSM UK Restructuring Advisory LLP.

Founded in

Argentina