The achievement follows a record-breaking first quarter of 2017, with nearly £5m lent via the platform in March alone.
Nick Harding, CEO of Lending Works, said: “It’s incredibly rewarding to have come as far as we have since launching just over three years ago.
“It is at times like this that I want to thank our extraordinary team for their hard work and determination.
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“That said, we prefer to look forward rather than back, and with many exciting and ambitious new initiatives in the pipeline, we expect to breach the £100m barrier very soon, and to grow our business exponentially thereafter.”
Nick’s comments come on the back of a busy year for Lending Works, with the company having secured full authorisation from the FCA and a £2m investment from a private equity firm in 2016.
Over 10,000 customers have now either invested or borrowed on the platform, which specialises in personal loans for a variety of purposes, including vehicle finance, home improvements and debt consolidation.
Nick added: “Our best days most certainly lie ahead.”
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