LendingCrowd, the fintech lender headquartered in Scotland, and the Institute of Chartered Accountants of Scotland (ICAS), have signed a strategic partnership over alternative options for business loans.
The agreement means that ICAS will provide LendingCrowd with a platform to communicate to their network of member accountants about the alternatives to traditional bank lending. LendingCrowd in turn will offer a discount on client fees to ICAS members, which will help to support borrowers. The partnership will last for an initial period of three years, until 2022.
LendingCrowd founder and chief executive officer Stuart Lunn said: “We are delighted to announce this strategic partnership with ICAS, which brings real opportunities for us all. It is a fantastic platform for us to showcase the benefits of alternatives to traditional bank lending, and for ICAS members to then utilise these benefits. It marks another important step forward in LendingCrowd’s growth story, five years after we launched. We look forward to working closely with ICAS and making this partnership a real success story.”
ICAS chief executive Bruce Cartwright said: “We are pleased to have entered into a strategic partnership with LendingCrowd and secured a new, exclusive benefit for our members. Through our partnership, ICAS members’ clients can now claim 25% off LendingCrowd business loan fees. We look forward to working with LendingCrowd over the coming years.”
