The P2P lending platform focuses on a select few established businesses looking to raise over £1m and creates loan products which it claims are ethical, transparent and fair.
Crowdstacker also produces a 40-page information brochure for each loan product outlining the lending proposition and company background, as well as the specific macroeconomic risks and the loan contract.
Robert Pettigrew, director of the P2PFA, said that as one of the first platforms to receive FCA authorisation and launch the Innovative Finance Isa, Crowdstacker has much to contribute to the P2PFA.
“Across the diversity of business models within the P2P lending sector, there is a clear appetite for platforms to demonstrate their commitment to the high standards of business practice and principles which membership of the P2PFA requires.”
Karteek Patel, CEO of Crowdstacker, who will represent the platform on the P2PFA’s board, added: “The P2PFA plays an increasingly important role as our industry expands and develops.
“Crowdstacker has played a part in some of the industry’s important milestones, such as being one of the first platforms to become fully FCA-authorised and one of the first to launch the Innovative Finance Isa.
“We felt it was important to be an active contributor to [the] conversation that the P2PFA is leading on issues such as regulation, transparency and education, and ultimately help the industry move to become a mainstream funding and investment option.”
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