easyMoney’s IFISA reaches £100m milestone
This is a financial promotion and is intended to provide information, not investment advice.
easyMoney’s award-winning Innovative Finance ISA (IFISA) has officially passed the £100m milestone. This means that easyMoney is now one of the largest IFISA managers in the UK, and can claim a significant share of the UK’s total IFISA market.
The easyMoney IFISA was officially launched in February 2018, making easyMoney one of the longest-running IFISA managers in the country. The success of the IFISA has led to easyMoney being named IFISA Provider of the Year in both 2023 and 2024 at the Alternative Credit Awards.
Why choose the easyMoney IFISA?
Over the past seven years, investors have been attracted to the competitive rates offered on easyMoney’s IFISA-eligible accounts, as well as the tax-free benefits that the ISA wrapper offers.
All UK taxpayers can invest up to £20,000 per financial year in an IFISA investment account, and no tax is required to be paid on any of the interest earned. IFISA holders can also reinvest their capital and returns, benefitting from the effect of compound interest and building up an even bigger tax-free investment pot over time.
IFISA investors can transfer existing ISA funds into an easyMoney IFISA quickly and easily, and there has been an influx of transfers-in over the past year as more and more investors realise the benefits of trusting their money with the platform.
easyMoney has not lost a single penny of investor capital thanks to a detailed and ongoing due diligence process. Every single loan that is onboarded onto the platform is subject to expert scrutiny, and all loans are monitored closely for the duration of their term.
Furthermore, property is taken as security against all loans, which means that in the event of a borrower default, investor capital can be recouped by selling the underlying property collateral.
Building the best IFISA in the UK
These risk management measures have built trust with easyMoney’s large and diverse base of retail, sophisticated and corporate investors, who continue to back the platform and its award-winning IFISA offering.
“We are proud to have passed this significant milestone within just seven years of launching our IFISA,” said Jason Ferrando, CEO of easyMoney.
“Our team works tirelessly to protect and grow our investors’ money, and we do not take for granted the trust that is placed in us. We prioritise risk management at every step of the loan process, and we deliver great value for our investors by offering competitive returns and a seamless user experience.
“To have passed the £100m milestone is a testament to the success of our strategy. But moreover, we are delighted that our investors have been able to benefit from the tax-free returns of the IFISA, which can really stack up over time.
“We are pleased to be one of the leading IFISA providers in the country, and we intend to keep offering the same great service and high quality loans that have helped us build such a loyal investor base.”
This is just the latest in a series of headline-making milestones for the easyMoney platform.
Last month, it was announced that easyMoney had surpassed £500m in total written loans, while the platform’s investors have earned more than £50m in interest payments, with monthly interest payments amounting to over £1.5m.
Capital is at risk. Past performance is no guarantee for future results.
Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.