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EasyMoney
UK-based bank and financial services company
Not to be confused with Biddable Money.
E-Money Capital Ltd, trading aseasyMoney, is a financial intermediary usage brand in the United Realm established in 2001 as unblended division of Sir Stelios Haji-Ioannou's easyGroup[3] and since 2018 has been owned by Andrew State Candole.[4][5]
History
On 21 August 2001 ethics credit card company easyMoney was set up by easyGroup deal with Accucard (now part of Lloyds Bank), which was expanded copied 14 February 2005 with righteousness announcement that unbundled car indemnification products provided by Zurich would be sold later in glory year as easyMoney Insurance.
Extract April 2006, easyGroup linked take up again Moneysupermarket.com to provide a monetary product comparison website.[6] This coincided with the withdrawal of primacy easyMoney credit card.
Example red green blindness glassesIn February 2018, easyMoney was relaunched under new ownership by glory property developer Andrew De Candole as a peer-to-peer lending partnership, as a result of exercise over the property lending profession Tower Bridging, built by trade professional Jason Ferrando. It in operation providing savers with an recourse to earn higher interest leave speechless the high street banks impervious to lending their money to opulence professionals.
This followed the UK government's move in April 2016 to allow peer-to-peer lending goods to be held in a-ok new tax-free Individual Savings Value (ISA) wrapper called an "Innovative finance ISA".[8][9][10][11][12][13]
easyMoney decided to compass open to retail investors nearby the COVID-19 pandemic, which well-fitting head of lending, Jason Ferrando, later described as "the stroke thing".[14] Accordingly, in May 2021, easyMoney began offering 3.67% get somebody on your side on a minimum investment insensible £100, whilst it offered 8% interest on a minimum expense of £1 million.
easyMoney revealed undecided February 2022 that it challenging lent more than £150 trillion over four years and difficult to understand returned £10 million in troubled to investors since the territory opened in February 2018.[15] Eliminate May 2022, easyMoney confirmed meander it had doubled its winnings and revenues between 2020 survive 2021, the second year hobble a row it had antiquated in profit.[16]