Simple Crowdfunding Statistics Information
Bringing Performance Clarity
Simple Crowdfunding is committed to providing transparency. Here is a breakdown of our P2P lending performance.
Figures shown do not include any unlent amounts, interest or bond investments.Summary Statistics
Period: July 23 to June 24
1. This loan continues to accrue interest at the default rate
FCA's Default Definition
A loan is in default when the fundraiser is past the contractual payment due date by more than 90 days (where not secured against property) or 180 days (approx. 6 calendar months) where secured against property. This means that where a loan is repaid after 90 (or 180) days it will be recorded as a default even if repaid in full. The rate (as a percentage) is the total of the gross loan amounts in default divided by the total gross loan amount over the same period times by 100.
Performance Table
We categorise our p2p loans with a risk rating. Below is a chart that shows the default rate % over the year allocated to each category. Following the repayment of the last open loan in June 2019 (repaid in full) Simple focused on its equity and debt business until it recommenced arranging loans in March 2022.
To date we have had only one loan default. As with all P2P investment platforms your capital is at risk. Past performance is not a reliable indicator of future results.
Period: March 22 to June 24
Further details are shared in the Simple Crowdfunding Outcomes Statement for 2024 financial year: Download
