Manchester, England (PRWEB UK) 8 July 2014
Peer to Peer platform eMoneyUnion.com strengthens The Board and lists £500,000 Bank of England base rate tracker Peer to Peer loan paying lenders 6.5% above base.
Lee Birkett CEO Comments;
“We are very pleased to welcome Richard Farr and Mark Jones to the eMoneyUnion Board.
Richard’s track record speaks for itself. An acknowledged Skilled Person with an impeccable professional career, we invited Richard to bring his valuable business and regulatory experience to The Board and steer the company’ to full FCA Authorisation. As a strategic compliance specialist, it’s refreshing to have Richard’s forward looking input at our board meetings.
Mark Joins the board and represents the recent investment of our largest shareholder in the Crowdcube.com fund raise. Mark trained as a Chartered Accountant with Ernst & Young and has enjoyed a successful career in Investment Management since 2010. The family office that Mark represents have a number of Crowdfunding interests and the families’ enthusiasm for eMoneyUnion lead to us inviting them to join The Board
Our recently launched BETA secured Peer to Peer loan offering is an inflation buster, we will be providing our larger secured loans and yields on a base rate tracker basis. If the yield today to a lender is 9% on a secured loan and next year base rate rises by 2%, then the yield to lenders would rise to 11% and costs to borrowers will also rise.
With the majority of savings being eroded by inflation, we feel this is a sure fire winner.
We now have the foundations in place to scale the business. We have a great team and a great product for borrowers and investors, it’s an exciting place to be”
Richard Farr Comments;
"eMoneyUnion is an innovative business in an innovative sector. I am delighted to join its accomplished board who consider good customer outcomes as a primary factor in the growth of the business. I look forward to directing the board through its Regulatory Authorisation and beyond."
Mark Jones Comments;
“We are very excited to have invested in eMoneyUnion and to have board representation. We feel that the product offering is ideally suited to meet the demands and personal situations of many credit worthy borrowers and, at the same time, an enhanced yield can be provided to currently unsatisfied lenders.
We were extremely impressed with the knowledge and commitment of the team at eMoneyUnion. We therefore expect the business to grow swiftly and become a pioneer and market leader in peer to peer lending”