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.
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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).