Lendermarket’s upgraded platform, Lendermarket 2.0, has gone live and the process of migrating investors is underway.

The Dublin-based peer-to-peer lending marketplace said the launch of the upgraded platform marked a significant milestone in its journey, providing investors with a more robust and feature-rich platform.

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Lendermarket said the upgrade will cater to the evolving needs of its growing investor community. The previous Lendermarket 1.0 platform will be accessible for investors after the migration has completed, all posted loans have reached their final maturity date, and all data requirements have completed.

It will also remain as a hub for investors seeking detailed information on investments made prior to the migration to the upgraded platform. For example, investors will be able to access tax reports, investments details and account statements.

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The upgraded platform will allow investors to deposit funds, automate investments and review their account details. They can also review investment details and download reports for investments made after the Lendermarket 2.0 launch.

“This upgrade aims to support our growing investor community, as well as optimising performance and streamlining existing functionalities,” explained Carles Federico, chief executive of Lendermarket.

The peer-to-peer lending marketplace said the investor migration would take place gradually during April.

Separately, the firm also announced that it paid out €31,000 in bonuses to investors who signed up to their ‘Cashback Carols’ offer in late 2023. This allowed customers to pocket an additional 2 per cent cashback bonus on top of their returns after investing in any loans on their platform.

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