The Bridgecrowd: Social Capitalism

The Bridgecrowd: Social Capitalism



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Socialism and capitalism are often viewed as diametrically opposed concepts that lead the advocates of one to despise the other. None more so that in the property industry.

Socialism and Capitalism are often viewed as diametrically opposed concepts that lead the advocates of one to despise the other. None more so that in the property industry.

However, there is a new form of social capitalism emerging that bridges the gap between these two concepts.

This new form of social is known as peer-to-peer money lending and it is transforming a huge sector of the old internal banking and property industry as it externalises the social good that comes from it.  

Louis Alexander, Managing Director and cofounder of Social Money Ltd and The BridgeCrowd.com stated: "Peer to peer companies are allowing people with money to help those that need money.

“It allows borrowers to contract directly with multiple lenders both of whom benefit. The borrowers receive the money they need to develop their business or property and the lenders earn interest at 12 per cent per anum with the loan safely secured over UK property. For sure social money exists.”

This new concept of peer-to-peer lending is a relatively new concept founded in the UK over five years by companies like Zoopla which allowed for investors to invest into small loans instruments directly to people.

The FCA has recently recognised these types of investments and denotes the good that comes from them. Now, almost five years on from the birth of peer-to-peer, the technology has been refined and perfected and the regulations modified to allow people to invest in loans secured over property through the likes of The BridgeCrowd and LendInvest.com.

The social good that flows from this knows no bounds. It could truly be the start of social capitalism. Allow people to make money by directly helping others.

Does Social Money Exit? It does now.

Attributed to Louis Alexander, MD of The Bridgecrowd

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