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Post by SophieThing on Dec 21, 2018 12:59:53 GMT
General Update added.
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Post by SophieThing on Apr 4, 2019 14:10:58 GMT
general update added
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Post by SophieThing on Jun 4, 2019 13:28:44 GMT
general update added
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Post by SophieThing on Jun 14, 2019 11:50:46 GMT
I've shared some of our future plans in a general update on the platform.
Kind regards
Sophie
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Post by SophieThing on Jul 23, 2019 12:22:43 GMT
General update added.
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Post by SophieThing on Dec 6, 2019 9:21:03 GMT
We have taken the decision to place MoneyThing into orderly wind-down and we are no longer taking any new investments or new customers.
We have found it is increasingly difficult to compete in the current market conditions and we expect there is a tougher economic environment to come.
During wind-down the business will continue to be managed and administered by the existing directors and our aim will be to minimise any disruption to our customers and ensure the safe return of funds.
We have provided detailed information on the platform on why we have taken this decision and how it affects our lender customers. Please log in to view.
We would like to thank all of our lenders for their support over the past few years. We made a commitment to lenders to provide a service and we would like to reassure lenders that that commitment will continue until the wind-down has been completed.
We have not been able to make MoneyThing a success. We will however aim to exit the market quietly with minimum disruption to our customers and the industry as a whole.
Kind regards
Sophie
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