BondMason
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Company type | Private |
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Industry | Financial services |
Founded | 2013 |
Founder | Stephen Findlay |
Headquarters | , |
Products | Financial services Direct lending |
Number of employees | 18 |
Website | www |
BondMason is a direct lending (including peer-to-peer lending) investment manager based in Harpenden, England.[1]
History
[edit]BondMason was founded in 2013[2] by Stephen Findlay, an accountant with a background in private equity who previously worked at Fidelity Equity Partners.[3]
BondMason's peer-to-peer lending platform operated from October 2015[4] until May 2019, at which point it ceased its core property-lending investment service.[5] The company claims that this was not due to financial troubles, but rather concerns about the credit outlook. Findlay had also explained in an interview that the platform had struggled to obtain FCA regulation.[6] According to the company web page, BondMason's clients received over 100% of their invested capital back.[7]
In 2016, BondMason completed an equity funding round led by Par Equity, a venture capital firm based in Edinburgh, Scotland.[8] In March 2018, the company secured £1.85 million in another funding round led by Seneca Partners and Par Equity.[9]
BondMason was one of the first companies accepted onto the Financial Conduct Authority (FCA) Innovation Hub programme.[10]
Business Model and Activities
[edit]BondMason's peer-to-peer lending platform enabled clients to access returns from direct lending, mostly loans secured against UK property. It offered bonds and investment funds.
The company also produced proprietary research into direct lending market trends,[11][12] including analysis that identified the size and growth of the UK peer-to-peer lending market from £2.3bn in 2015[13] to £3.2bn in 2016.[14]
References
[edit]- ^ "BONDMASON GROUP LTD".
- ^ "WebCheck". Companies House.
- ^ "Fidelity's snap happy £33m deal". 21 July 2008.
- ^ "P2P Asset Manager BondMason Launches".
- ^ "Home". Bondmason. Retrieved 2024-04-18.
- ^ Laurence (2019-06-11). "Bondmason Review - My Unbiased Investor Review". Financial Thing - Peer To Peer Lending. Retrieved 2024-04-18.
- ^ "Home". Bondmason. Retrieved 2024-04-18.
- ^ "Par Equity BondMason".
- ^ "BondMason Secures £1.85 Million Through Latest Funding Round to Drive Growth". 13 March 2018.
- ^ "Selling large corporate bonds via a P2P approach". 15 February 2017.[dead link ]
- ^ "BondMason Reports P2P Lending Doubled to £2.3bn in 2015; Offers Up 3 Predictions for 2016". Crowdfund Insider. 17 December 2015.
- ^ "Market Report - Direct Lending in the UK". BondMason.
- ^ "Lending Club Scandal Provokes Major UK 'Peer-To-Peer' Investigation". Forbes. 22 July 2016.
- ^ "Peer to peer benefits from flight to quality". Wealth Adviser. 8 February 2017.