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As we enter 2017 P2P money can report that there are now 14 platforms - that we are aware of - that are now operating with full FCA authorisation. These are as follows, listed by launch date:
- Lending Works
- Capital Stackers
- Go2 Business Loans
- Octopus Choice
- Peer Funding
- The Money Platform
- Landlord Invest
- Simple Backing
There are also number of platforms operating as an "appointed representative" of another company with full FCA authorisation, or operating with full FCA authorsiation that does not include "operating an electronic system in relation to lending" permissions. The major platforms within the sector are still awaiting full authorisation, and this prevents them from registering as an ISA provider.
Christine Farnish of the P2P Finance Association stated at LendIt Europe in October that it was her belief that these would be in place by March 2017, but to date only two of the eight platforms that are members have received full authorisation.