Rebuilding Society

Address: Foundry Street

City: Leeds

State: england

Zip: LS11 5QP

Country: GB

rebuildingsociety.com is an online platform that connects creditworthy businesses with investors who lend money in exchange for a healthy return. The peer-to-business lending market is one section of the crowdfunding movement, sometimes referred to as ‘crowdlending’ or p2p lending. The founder and Managing Director of rebuildingsociety is Daniel Rajkumar. He felt that investors could offer more than just finance to companies they lend to and believes businesses will favor this method of funding ahead of banks in the future. Businesses and investors value the advantages of peer-to-business lending, which stems from the belief that lenders have a vested interest in seeing their borrowers succeed. We’re also a firm believer in the founding principles of building societies and have applied some of the values to our philosophy. We’re committed to creating value for everyone that uses us, whether that’s businesses looking to raise vital growth finance or individuals looking for a better return on their money than returns offered by retail banking products or the stock market. We encourage interaction between both sides and view a loan transaction as an opportunity to widen networks and help others be successful. We also believe in valuing productivity (profitable UK businesses with the capacity to employ local people and benefit the economy) over speculation – gambling away savers’ cash for short term reward and taking money out of the economy through bonuses and investing in property. We combine these principles with bespoke technology to enable transactions between businesses and individuals that cut out waste and employ money in an inherently beneficial way for the future prosperity of society. David Powell joined the board in early 2012 and Julian Wells as Marketing Director in July. Nick Moules was appointed Communications Manager in September, while October saw the new addition to the board of Nigel Payne who along with Julian Wells runs the introducer channel. Following a period of technology development, the site began accepting loan applications in September 2012. This started a marketing push, which resulted in rebuildingsociety.com funding its first deal in January 2013.

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