Fintech

Flender confirms crowdfunding exit after leaving Scarp

Finance provider went live with a peer-to-peer lending platform in early 2017. However, in recent years it has shifted away from crowdfunding and towards institutional investors

The company is no longer providing lending opportunities to individuals

Flender, the finance provider, is no longer providing lending opportunities to individuals and has urged them to withdraw any balance they may still have with the company “at their earliest convenience”.

The company sent an alert to clients in recent days informing them of the changes.

Speaking to the Business Post, Bryan Carroll, the Flender chairman, confirmed that the company, which was one of the earliest peer-to-peer lending platforms to launch in Ireland, is now ...