The collapse of property lending platform Lendy in the UK has investors concerned about their £165 million of money invested in various real estate projects; the company went into administration last month and 20,000 investors now have to wait to see how much of their investment they receive back; Lendy, formerly known as Savings Stream, is the largest peer to peer lending platform to go bankrupt in the UK and some industry observers warn that other platforms could also go bust; the Financial Conduct Authority has estimated that 275,000 investors have more than £5 billion invested across 68 platforms in the UK. Source.
