Type: Peer-to-Peer (P2P) Business Lending
Peer-to-Peer (P2P) Business Lending - geography: United Kingdom
CO. no.: Na.
Trillion is a crowdfunding platform that raises money for environmental and social projects from ordinary people who want better returns.
We focus on loan based crowdfunding in green energy and social investment, and earn a percentage of funds raised, paid by borrowers, and an annual percentage of funds lent, paid by the lenders.
Using profit as motivation we aim to re-engage consumers with their money and help them make a profit and make a difference.
We effectively operate a two sided network, bringing together people with money and those who need it. We aim to do it quickly and cost effectively and to try make connections between people and projects that provide more value than just financial backing.
Description: The UK Crowdfunding Association: Promoting crowdfunding as a valuable way for people, businesses & ventures to raise funds.
Just wow. https://t.co/GpUEPbMHww
The world market for turbines for gas-fired power generation has dropped by a half in the past seven years, and co… https://t.co/o2XkjPZm3i
Solar power has been the future for a lot longer than you might have imagined. Five stories in the early history of… https://t.co/EPQKjCK47i
This is a great thread on the need for new ways to write about climate, new stories. And audiences prepared to list… https://t.co/vBTduO7sSQ
Oil exploration should halt immediately in Surrey earthquake zone l, say respected geologists. Recent reinjection… https://t.co/IvC9EWjv2v
“Our plan is to deliver for electric vehicle charging what Amazon has done for shopping online – make it simple, pr… https://t.co/vjVjmREQRZ
The British crowdfunding body Trillion Fund stops offering lending for renewable energy projects. Additionally, CEO Julia Groves steps down from her position.
The main reason why Trillion stops offering renewable energy projects is the current withdrawal of support for renewables by the UK government. The recent changes in renewable energy policy in the UK have negatively affected investor confidence and made a lot of PV and wind power developers unsure whether they would be able to stay in business.
The company assures all investors that any money they have invested into a renewable project with Trillion is safe, since each loan on the platform is an individual contract between the lender and the company borrowing money. In general the loans are to be held for the term of the contract (usually between three and five years) and interests will be continued to be paid by the borrowers. Trillion will continue to manage those payments on behalf of the borrowers and lenders for the renewable energy projects (E2 Energy, E5 Energy and The Converging World).