dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 8, 2023 20:09:01 GMT
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bugs4me
Member of DD Central
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Post by bugs4me on Apr 9, 2023 9:46:56 GMT
Okay - I'll jump in. Just thoughts no experience and probably never will.
Contact address is 207 Regent Street - not good in my book as per article here
Their website is very upfront in my book about the FCA not that I have any respect for them (the FCA that is) but I quote - 'Following recent announcements by the FCA to propose permanent changes of the mass-marketing of speculative illiquid securities, Crowd with Us has transitioned to a new unregulated operating model. We understand that you may have some questions or concerns and so we’ve included some frequently asked questions in an FAQ available here.' They've obviously found a way around not being regulated whilst utilising client funds.
Anyway, just my quick tuppence worth.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 9, 2023 10:32:52 GMT
Okay - I'll jump in. Just thoughts no experience and probably never will.
Contact address is 207 Regent Street - not good in my book as per article here
Their website is very upfront in my book about the FCA not that I have any respect for them (the FCA that is) but I quote - 'Following recent announcements by the FCA to propose permanent changes of the mass-marketing of speculative illiquid securities, Crowd with Us has transitioned to a new unregulated operating model. We understand that you may have some questions or concerns and so we’ve included some frequently asked questions in an FAQ available here.' They've obviously found a way around not being regulated whilst utilising client funds.
Anyway, just my quick tuppence worth.
True for a number of platforms that were formally appointed representatives., eg Brickowner. As for client money they use e-money providers, MangoPay in this case, so they arent themselves dealing with client funds.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Apr 9, 2023 10:58:45 GMT
I assume not true P2P, for tax offsetting on losses, etc.
Small fee for withdrawals, no secondary market as far as I can see.
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Post by Badly Drawn Stickman on Apr 9, 2023 11:12:54 GMT
Okay - I'll jump in. Just thoughts no experience and probably never will.
Contact address is 207 Regent Street - not good in my book as per article here
Their website is very upfront in my book about the FCA not that I have any respect for them (the FCA that is) but I quote - 'Following recent announcements by the FCA to propose permanent changes of the mass-marketing of speculative illiquid securities, Crowd with Us has transitioned to a new unregulated operating model. We understand that you may have some questions or concerns and so we’ve included some frequently asked questions in an FAQ available here.' They've obviously found a way around not being regulated whilst utilising client funds.
Anyway, just my quick tuppence worth.
True for a number of platforms that were formally appointed representatives., eg Brickowner. As for client money they use e-money providers, MangoPay in this case, so they arent themselves dealing with client funds. Mangopay as many will possibly recall did some duplicate funds withdrawing when used by Kuflink. Then declined to clean up the mess afterwards (Kuflink to their credit did sort it).
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Apr 9, 2023 12:22:00 GMT
I assume not true P2P, for tax offsetting on losses, etc. Small fee for withdrawals, no secondary market as far as I can see. Correct,appears not true p2p, £0.45p per withdraw transaction as far as i can tell. No isa option. No secondary market, so bullet loans. Fare bit of dd and info on there loans, which seem to have a slow and steady flow.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Apr 9, 2023 12:24:56 GMT
True for a number of platforms that were formally appointed representatives., eg Brickowner. As for client money they use e-money providers, MangoPay in this case, so they arent themselves dealing with client funds. Mangopay as many will possibly recall did some duplicate funds withdrawing when used by Kuflink. Then declined to clean up the mess afterwards (Kuflink to their credit did sort it). yep mangopay, so i asume debit card transactions available, ive only heard of kuf having an issue, which kuf did sort out "twice" then said good by mangopay.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Apr 9, 2023 12:30:21 GMT
Okay - I'll jump in. Just thoughts no experience and probably never will.
Contact address is 207 Regent Street - not good in my book as per article here
Their website is very upfront in my book about the FCA not that I have any respect for them (the FCA that is) but I quote - 'Following recent announcements by the FCA to propose permanent changes of the mass-marketing of speculative illiquid securities, Crowd with Us has transitioned to a new unregulated operating model. We understand that you may have some questions or concerns and so we’ve included some frequently asked questions in an FAQ available here.' They've obviously found a way around not being regulated whilst utilising client funds.
Anyway, just my quick tuppence worth.
Founded 1n 2014, (or the company behind them was), still going, so maybe more money smart cheep posh address than quick scam??.
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bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
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Post by bugs4me on Apr 9, 2023 13:04:40 GMT
Okay - I'll jump in. Just thoughts no experience and probably never will.
Contact address is 207 Regent Street - not good in my book as per article here
Their website is very upfront in my book about the FCA not that I have any respect for them (the FCA that is) but I quote - 'Following recent announcements by the FCA to propose permanent changes of the mass-marketing of speculative illiquid securities, Crowd with Us has transitioned to a new unregulated operating model. We understand that you may have some questions or concerns and so we’ve included some frequently asked questions in an FAQ available here.' They've obviously found a way around not being regulated whilst utilising client funds.
Anyway, just my quick tuppence worth.
Founded 1n 2014, (or the company behind them was), still going, so maybe more money smart cheep posh address than quick scam??. The good thing about dave4 starting off this thread is it allows to members to carry out platform DD of sorts before jumping in. At least folks can decide at what stage it's not for them whether it's......
Appreciate that only a tiny minority of P2P lenders/investors are readers of the forum but with hindsight, it's a shame we didn't have platform DD for the likes of LY, FS, Col, etc, etc.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,102
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Post by ilmoro on Apr 9, 2023 13:53:06 GMT
Founded 1n 2014, (or the company behind them was), still going, so maybe more money smart cheep posh address than quick scam??. The good thing about dave4 starting off this thread is it allows to members to carry out platform DD of sorts before jumping in. At least folks can decide at what stage it's not for them whether it's......
Appreciate that only a tiny minority of P2P lenders/investors are readers of the forum but with hindsight, it's a shame we didn't have platform DD for the likes of LY, FS, Col, etc, etc. Er, we did. Quite detailed at times including actual visits by lenders. The problem is you can only do DD on what you can see, it's the rest of the iceberg that only comes to light when you hit that's the problem.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Apr 9, 2023 14:54:54 GMT
The good thing about dave4 starting off this thread is it allows to members to carry out platform DD of sorts before jumping in. At least folks can decide at what stage it's not for them whether it's......
Appreciate that only a tiny minority of P2P lenders/investors are readers of the forum but with hindsight, it's a shame we didn't have platform DD for the likes of LY, FS, Col, etc, etc. Er, we did. Quite detailed at times including actual visits by lenders. The problem is you can only do DD on what you can see, it's the rest of the iceberg that only comes to light when you hit that's the problem. There is loads of good dd on here, but i keep finding platforms that seem to be old and a bit of a secret.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Nov 21, 2023 18:40:59 GMT
Update on cwu, all recent loans funded within days or hours, appears loan flow is still slow and steady. Rates to lenders seem be appropriate
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,102
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Post by ilmoro on Nov 21, 2023 20:33:06 GMT
Update on cwu, all recent loans funded within days or hours, appears loan flow is still slow and steady. Rates to lenders seem be appropriate Main probably is seems to take ages to actually start the loans ... over 2 months for PW Farm and then they gave 10% of the money back!
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