Peer to peer

17 firms authorised to manage Innovative Finance Isas




A total of 17 firms have been authorised to manage Innovative Finance Isas (IFIsa) by HM Revenue and Customs as of 26th October 2016.

The IFIsa was launched on 6th April this year and allows savers to use some or part of their annual Isa investment allowance to receive tax-free interest and tax-free capital gains on funds lent through FCA-regulated peer-to-peer lending platforms. 

HM Revenue & Customs revealed that there are currently 17 firms who are authorised to manage the IFIsa.

The firms range from peer-to-peer lending platforms, property crowdfunders and wealth managers. 

The full list of authorised firms as of 26th October 2016:

Company name

Type of business

Abundance Investment Ltd

Peer-to-peer

Blackfinch Investments Ltd

Asset manager

British Pearl Ltd

Property crowdfunding platform

Crowd2Fund

Crowdfunding platform

Crowdcube Capital Ltd

Crowdfunding platform

Crowd for Angels UK

Crowdfunding platform

Crowdstacker Limited

Peer-to-peer

Downing LLP

Investment manager

Greyfriars Asset Management

Wealth manager

KapSecure Asset Management

Wealth manager

Link Financial Outsourcing Ltd

Loan manager

London House Exchange (Property Partner)

Property crowdfunder

Platform One Ltd

Platform service

Resolution Compliance Ltd

Network solutions provider

Strand Capital

Asset manager

Triple Point Investment Management LLP

Private investor

Wilton Corporate Finance Ltd

Wealth management

Being on the list means that HMRC are satisfied that the person, firm or company concerned is authorised.

Neither HMRC nor any other government department guarantee that any of those concerned is able to manage Isas satisfactorily.

HMRC haven’t approved any Isa that the Isa manager may offer. 

Potential investors are told to take independent advice if they are in any doubt about the suitability of the Isa manager or of a particular Isa.

In recent months, a number of peer-to-peer platforms have gained FCA authorisation in order to offer the Isa. 

At last month’s LendIt conference, Kevin Caley, founder and chairman of ThinCats, predicted that the launch of the Isa could double peer-to-peer funding.

Crowd2Fund was one of the first firms to offer the IFIsa and revealed that it had seen a growth of investors in the past six months.

To find out more, check out the guide to the Innovative Finance Isa.

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