As you may be aware, the government has launched the Innovative Finance ISA, which will enable you to earn tax-free returns by lending to businesses directly through Funding Circle.
In order to launch an Innovative Finance ISA, all peer-to-peer lending platforms are required to be fully authorised by the regulator, the Financial Conduct Authority (FCA).
We are excited to launch the Funding Circle ISA as soon as we have received full authorisation from the FCA and been approved as an ISA manager by HM Revenue & Customs.
We are continuing to work closely with the FCA, and although we do not have a timeframe for when we expect to be fully authorised.
We will keep investors updated with expected timings for launch of the ISA.