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QuidCycle
Information by Research TrustFinance
Founded in 2013 and launched in 2014, QuidCycle was a peer-to-peer (P2P) financial services company that operated in the United Kingdom. Its mission was to provide a fair and transparent alternative to traditional payday lenders by connecting individual investors (lenders) with people seeking short-term, unsecured personal loans. The platform was fully authorized by the Financial Conduct Authority (FCA). However, the company struggled to achieve profitability and ultimately fell into administration in July 2018, ceasing all operations.
United Kingdom
Industry
Financial