Proplend Ltd is authorised and regulated by the Financial Conduct Authority and entered on the Financial Services Register under firm registration number 726646.
As of 1st April 2014, the Financial Conduct Authority (FCA) is responsible for the regulation of UK peer to peer platforms like Proplend. However, all peer to peer lending platforms fall outside the scope of the Financial Services Compensation Scheme (FSCS).
Proplend has been granted full authorisation from the FCA for peer to peer lending, paving the way for the launch of its Innovative Finance ISA (IFISA). It is currently still among a minority of P2P platforms to have received this regulator approval.
In November 2017, Proplend became a patron of the National Association of Commercial Finance Brokers (NACFB).