E-Money Capital Ltd,

trading as A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name. Registering the fictitious name with ...

easyMoney, is a financial intermediary services brand in the United Kingdom established in 2001 as a division of Sir Stelios Haji-Ioannou's

easyGroup EasyGroup Ltd (styled as easyGroup, or simply easy) is a British multinational corporation, multinational venture capital conglomerate (company), conglomerate founded in 1998. It is headquartered in London, United Kingdom and privately owned b ...

and since 2018 has been owned by Andrew De Candole.

History

On 21 August 2001 the credit card company easyMoney was set up by

with Accucard (now part of

Lloyds Bank Lloyds Bank plc is a major British retail banking, retail and commercial bank with a significant presence across England and Wales. It has traditionally been regarded one of the "Big Four (banking)#England and Wales, Big Four" clearing house ...

), which was expanded on 14 February 2005 with the announcement that unbundled car insurance products provided by

Zurich Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...

would be sold later in the year as easyMoney Insurance. In April 2006, easyGroup linked with

Moneysupermarket.com MONY Group plc, trading as Money Supermarket, is a British company which specialises in technology-led money-saving platforms including several Comparison shopping website, price comparison websites. The company enables consumers to compare pri ...

to provide a financial product comparison website. In February 2018, easyMoney was relaunched under new ownership by the property developer Andrew De Candole as a peer-to-peer lending company, as a result of taking over the property lending business Tower Bridging, built by industry professional Jason Ferrando. It started providing savers with an option to earn higher interest than the high street banks by lending their money to property professionals. This followed the UK government's move in April 2016 to allow peer-to-peer lending products to be held in a new tax-free Individual Savings Account (ISA) wrapper called an " Innovative finance ISA". easyMoney decided to stay open to retail investors during the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

, which its head of lending, Jason Ferrando, later described as "the best thing". Accordingly, in May 2021, easyMoney began offering 3.67% interest on a minimum investment of £100, whilst it offered 8% interest on a minimum investment of £1 million. easyMoney revealed in February 2022 that it had lent more than £150 million over four years and had returned £10 million in interest to investors since the platform opened in February 2018. In May 2022, easyMoney confirmed that it had doubled its profits and revenues between 2020 and 2021, the second year in a row it had been in profit.

References

External links

* {{DEFAULTSORT:Easygroup EasyGroup Banks established in 2001 British companies established in 2001 2001 establishments in the United Kingdom Banks of the United Kingdom Companies of the United Kingdom Peer-to-peer lending companies

History

See also

References

External links