was launched in 2011 and focuses on the peer-to-business
market. The company is still in its infancy
and has made very few loans to date, so it is difficult
to provide a detailed review.
Another company called Massows Angels has teamed
up with YouAngel, and this is effectively YouAngel
under the Massows Angels brand.
Unique selling point
YouAngel does not have an upper limit on the
loan size, however given the relatively small size
it would probably be unable to fund large loan requests.
YouAngel also does not charge lenders any fees currently.
Additionally YouAngel offer a provision fund,
but this required lenders to make a contribution
of the expected bad debt.
has not currently established itself as a major
player in this field it is perhaps too early
to judge its performance. There appears
to be a shortage of borrowers but this is now
increasing, while the availability of lenders
is yet to be understood.
In summary YouAngel is still to establish itself
and as such we will keep monitoring the company,
as it is too early to provide a definitive and fair
Bad debt warning - bad debt can take months
to years to materialise, and therefore the actual
bad debt figure may not be fully representative,
especially when a company's loan book is growing
at a significant rate (for example for the first
two years Zopa bad debt was 0.05%)
YouAngel review written
Ian Gurney, last updated on 17th