Growth Street Reviews 

228
TrustScore 4 out of 5

4.0

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Rated 1 out of 5 stars

None of the money that I placed on their platform has been invested since 15 June 2020. It means that I receive no interest and that I have lost the welcome bonus because I won't comply with the mi... See more

Rated 5 out of 5 stars

Happy investor for more than 4 months. Interest rate as advertised paid on monthly basis, appropriately sized Loan Loss Provision funds and simple interface. Haven't tried the ISA bond yet as it r... See more

Rated 4 out of 5 stars

Growth Street offer easy hands-off investing, you earn around 5% or so, and your money goes to businesses requiring an overdraft, on a monthly basis. The business model is new, and evolving to meet in... See more

Rated 5 out of 5 stars

Modest amount invested 3 months ago and so far everything seems to be performing as expected.Will be considering adding further funds when available. I like the fact risk is diversified across the who... See more

Company details

  1. Investment Service
  2. Non-Bank Financial Service

Information provided by various external sources

Growth Street is a peer-to-peer lending platform that connects lenders with businesses. On our investor marketplace, lenders can earn up to 5.3% a year, or earn interest tax free in our ISA. We’re also transforming the business overdraft. Through our flagship product, GrowthLine, SMEs can unlock between £25k and £2m of cash tied up in their invoices, stock or work-in-progress (terms apply). Remember, your capital is at risk if you lend to businesses. P2P lending is not covered by the Financial Services Compensation Scheme.


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4.0

Great

TrustScore 4 out of 5

228 reviews

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4.0

All reviews

(228)

0 reviews in the last 12 months

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Rated 3 out of 5 stars

Started well................

It started well enough. Deposit was loaned out pretty quick.

After a month it was repaid. Checking every day but 12 days and counting now and still waiting for it to be loaned out again. In the small print it does say that it can take 2 weeks to be loaned out. Could it be more?

So 4 weeks on loan and at least 2 weeks off doesn't mean that you will be getting 6% return. Those headline rates are dropping rapidly also.

Presumably there is a much greater supply of funds than there are borrowers.

Not quite as appealing as it first looked.

August 9, 2017
Unprompted review
Rated 5 out of 5 stars

Growth Street a fabulous peer to peer lender

I have investments with Ratesetter & Lending Works and i am new to Growth Street . Having road-tested the site i will be making some large investments with them later in the year.They will be my preferred option in the future ,i am well impressed .What a fabulous system.

August 8, 2017
Unprompted review
Rated 5 out of 5 stars

an easy to understand website

an easy to understand website, explained the principal of the investment very well and made the process easy to follow. Now my investment is up and running I find it very easy to follow what is happening and the communication is excellent

July 19, 2017
Unprompted review
Rated 5 out of 5 stars

We have used Growth Street since …December 2016

We have used Growth Street since December 2016 and we have nothing but positive feedback to give, we have been expanding the business and needed support in order to achieve this.

The setting up process was very speedy and efficient even though it was the week before Xmas.

In particular Adeeb Al-Islam, our Account Manager, has been amazing, always answers the phone or emails within minutes and has always managed to facilitate our needs both urgent and non-urgent on the same day. In addition, he is always upbeat, positive, shows empathy as a true professional should.

We also looked at other options for this facility but Growth Street were by far the best for rates and service.

We would recommend any business with any requirement small or large to use Growth Street.

July 13, 2017
Unprompted review
Rated 4 out of 5 stars

Great concept and very easy to use

Great concept and very easy to use. Returns for lenders are falling as popularity grows, current rates of 6+% are acceptable but unless Growth Street balance lender/borrower demand by increasing the number of borrowers then rates will continue to fall. (Perhaps GS are happy to let rates fall hoping that lenders move their money elsewhere which will also balance supply and demand)

July 3, 2017
Unprompted review
Rated 5 out of 5 stars

Great platform

Great platform. The protection (security on assets AND bad debt provision fund) is great. Hard to see much better risk/reward investments out there. However there has been a recent rate drop and my loan hasn't been matched quickly (waiting over a week now).

June 26, 2017
Unprompted review

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