Propifi enables peer-to-peer (P2P) lenders to fund bridging loans in the UK.
Your investment forms a part of the total amount that is lent to a bridging loan Borrower.
You choose which Borrower's you want to lend to by selecting an Investment Opportunity to invest in.
Once registered as a Propifi Investor you will see a list of Investment Opportunities, click "Explore Opportunity" if you would like to learn more about an Investment Opportunity.
You'll be presented with information to support your decision to invest, as well as the opportunity to raise questions, these questions are done in an open forum so you can see questions and answers to other Investor's questions, as well as the option to ask private questions too (please note we can not give you investment advice, only clarify questions related to the Investment Opportunity).
You can then decide how much you would like to invest. Depending on how much you would like to invest you may be asked to prove your identity.
You invest from your Propifi wallet. This can be filled by debit card or bank transfer. Funds held in your wallet are safe and held via our eTransfer partner MANGOPAY, a brand of the Leetchi Group and part of the French banking group Credit Mutuel Arkéa.
Your funds are held for the Investment Opportunity until it is fully funded, it will be visible in your portfolio instantly for cash investments and once bank transfers have completed.
Once your chosen investment opportunity is fully invested in by yourself and your investing peers, you'll receive your interest for the investment up front (this can take up to 14 days for legal processes to complete), with capital returned when the Borrower has repaid their loan.