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.


Contact info

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

Thus far the interface has been easy to …

Originally I gave this company 5*, saying "thus far the interface has been easy to use, simple, and a good rate of interest. I have not been a member of Growth street for long enough to comment on the intro bonus. The speed to invest my money (at the market rate) has varied from a few hours to up to a week. I am happy with this platform. It is good if you like a hands-off platform."

Unfortunately, as time has gone by it has become apparent that the interest rate is guaranteed to go down about 0.1% a month, with no way for it to ever rise again. The rate at the time of writing is still ok, but unless something changes within a year better rates will be available elsewhere for less risk. It's a shame.

March 30, 2017
Unprompted review
Rated 5 out of 5 stars

Tell all your friends. This is the way to go.

Look too good to be true but tried it out with a small amount first then went all in with a larger amount just prior to buying a new place to live and earned enough to cover some of my moving fees! Despite there being no FSA guarantee I figured Zopa have been using a similar model for 7+ years and still in business so I gave it a go! Seems there is a way to get a decent return on savings if you get off the high street

March 30, 2017
Unprompted review
Rated 5 out of 5 stars

So far so good with Growth Street

So far so good with Growth Street. I love the simplicity of this platform - both the site itself and the investment system. There's very little to think about - totally hands-off investing. We'll see, in the long run, how it pans out but so far this is my favourite platform.

March 30, 2017
Unprompted review
Rated 4 out of 5 stars

Despite the regulatory rigour my …

Despite the regulatory rigour my business account was easy to set up. I think the representation of my account and the statements could be made more user-friendly - or at least explain better what is happening as many customers are specialists in non-financial fields and could use more clarity.

March 30, 2017
Unprompted review
Rated 5 out of 5 stars

A year on - still returning well

I've now been an investor for over a year and have been very happy with the results.

Fast responses to any enquiries, fully transparent and good returns.

March 28, 2017
Unprompted review
Rated 5 out of 5 stars

Very happy

Really impressed with the customer service - would recommend

March 28, 2017
Unprompted review
Rated 5 out of 5 stars

Fantastic platform!

Have had a great experience investing through Growth Street - nice website, simple to use dashboard, helpful employees, good rates. Great platform to lend on! Would recommend

March 28, 2017
Unprompted review
Rated 5 out of 5 stars

Great

Responsive team. Straight forward product.

March 28, 2017
Unprompted review
Rated 5 out of 5 stars

Quick, simple and easy investing

I've been lending for nearly 5 months now and can comfortably say the team at Growth Street are great. From the beginning the process was quick and easy (although the ID process could be smoother), and that remains the case with every interaction I have had. It's great being able to interact with many of the team as they seem to share chatter duty. .

To date I have been matched quickly and twice in one day after an early repayment was made which gives me a great return. Long may that continue although I suspect given the positive comments on TP and the return on investment the secret that is Growth Street won't remain a secret for long!

March 25, 2017
Unprompted review
Rated 5 out of 5 stars

So easy

I was looking for something different to invest in. I found this company and did some research and all seemed good. I opened an account and found things really easy to do and the communication was good.

March 16, 2017
Unprompted review
Rated 5 out of 5 stars

Completely confident that this is a good home for my money

Very happy with the service received. My money went in October '16 and was matched with a borrower straight away. I know this might not always be the case, but for me it has worked extremely well. As with any investment of this type, important to understand the risks as well as the benefits.

February 23, 2017
Unprompted review
Rated 5 out of 5 stars

Best P2P Investor Platform

I have invested across a number of the P2P platforms in the UK and Growth Street has stood out as the best - great rate for a 30 day rolling contract, brilliant customer service and easy-to-use platform. Ideal for any investor who may need quick access to the cash and doesn't want to be stung by fees!

February 20, 2017
Unprompted review
Rated 5 out of 5 stars

Simple P2P Lending

Drawn in by the £100 bonus, so far a great experience. Really easy to use, clean website and knowledgeable and friendly help should you need it. Highly recommend!

February 13, 2017
Unprompted review
Rated 5 out of 5 stars

Straightforward P2P investing

Growth Street are to P2P investing what Apple are to phones and laptops.

The website is slick and smooth, and there is always someone helpful waiting in the wings if you get stuck (one suspects, like their Apple counterparts, they wear thick-rimmed glasses and tasteful vintage leather shoes). Most importantly, the front end of the product is extremely simple, and just works, right out of the box. You don't need to make any decisions about where your money gets allocated, or how much to put where. Just place it on the market, and hey-presto, off it goes. With a bit of luck, it will come back again in 30 days, in better shape than when it left (to date, all of mine has).

If you want to pick and choose your P2P investments and dig into the minutiae of the business case behind each loan, then Growth Street isn't for you. But if you're happy to let someone else look after the details (someone who, lets be honest, is probably better qualified to do so), then l thoroughly recommend Growth Street.

February 8, 2017
Unprompted review
Rated 4 out of 5 stars

Early Review

Based on my limited experience so far all seems well. Account opening and security checks were all seamless. All emails were responded to quickly and efficiently.

Dashboard is really clean, minimalistic and informative.

The £100 bonus payable after 12 months drew me in but obviously cannot comment on that yet as it's too early.

February 8, 2017
Unprompted review

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