Existing investors can now receive 5% of individual interest earned from every registration made via their unique member URL, while referred customers can also get £50 cashback when they invest £1,000 or more.
Interest earned from referral leads is payable monthly for 12 months.
Liam Brooke, co-founder of Lendy (pictured above), said: “Most of us know that you can't get much better than a personal recommendation for a product or service.
“The new refer a friend scheme builds on the old affiliate reward programme but now not only do both existing and new investors benefit, but it’s more generous too.”
Investors can refer as many friends as they like once their account is up and running.
Their personalised URL can be published on their website, blog or social networks, as well as simply passed on to friends or family.
Minimum investment and terms apply.
Lendy has registered almost 16,000 users and provided more than £320m of funds since its launch in 2012.
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