FundingKnight aims to help investors of all types and sizes to gain the same attractive returns on their investments.
Individual investors must be:
- Over 18
- Hold a UK £ sterling bank account
- Permanent UK resident*
*Non-UK residents will be considered at our sole discretion, but must be able to provide us with suitable documentation for us to meet our obligations in respect of investor identification, anti-money laundering and, where required under UK law, tax reporting. Typically this will include a certified copy of their passport and evidence of current residence.
Corporate investors* must be one of the following:
- Limited liability partnerships (LLPs)
- Private trusts
- Close companies (that is a limited company with no more than 5 participators)
- Pension funds (that is those pension funds that have gained approval from the HMRC)
- Charities
- Listed companies (that is companies whose shares can be traded on a recognised stock exchange)
* The Articles of Association or set-up of the company must allow this type of investment. All those connected with the company must comply with our usual checks, for example Anti-Money Laundering and ID checks. See ’What checks are carried out on investors?’
SIPPs and ISAs
It may be possible to invest in FundingKnight loans through a pension scheme, if your scheme allows you to select investments, such as a Small Self-Administered Scheme (SSAS).
You are also able to use a specialist Self Invested Pension Plan (SIPP) to invest in our loans. Many SIPP providers do not currently offer this option due to the complex regulatory requirements, however we have partnered with a specialist SIPP provider who can facilitate this in some instances. For more information click here. If you are interested in obtaining further information about pension investment, please contact kay@fundingknight.com.
It is not yet possible to invest through an Individual Savings Account (ISA). The government has not yet finalised its position on the inclusion of P2P/crowdlending into ISAs. We will notify investors as soon as we receive clarification.