News

September 7, 2021

Plend gets backing for UK’s first social lending platform

The loan startup is hoping to fix the 'broken' lending system in the UK.


Tom Matsuda

3 min read

Plend, a peer-to-peer (P2P) lending startup, said Monday it has secured £700k in pre-seed funding. While P2P lending is more common in the US, the fintech is the first to introduce the concept of a social lending platform — a marketplace where users can back each other with credit — to the UK.  

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Plend cofounders Rob Pasco and James Pursaill.
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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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