P2P Money Blog

We recently reviewed Money&Co, one of the latest entrants into the peer-to-peer sector.  Despite some loans attracting individual bids in the tens of thousands of pounds, with one bid of £40,000, none of the loans reached their required funding by the time the auctions were due to close on Monday.  Money&Co have now extend these auctions by up to two weeks.

There have been additional bids today with one bid of £50,000 an the £1million loan, but that in itself only represents 5% of the required capital.  It is likely that Money&Co will now start actively marketing the site to attract both small and large lenders, and we'll continue to follow this with interest.