Introducing The IFISA

The Innovative Finance ISA (IFISA) has arrived at The new account option means that lenders using the FCA-authorised peer-to-business lending platform can receive tax-free interest when investing.
The new Innovative Finance ISA offered by works in a similar way to a normal ISA. Users can transfer funds in from an existing ISA or deposit funds as normal. They can then invest in loans on the platform and benefit from a tax saving on the interest earnt. Should the deposited funds exceed the annual ISA limit, the difference will automatically be assigned to a standard account. All of the aforementioned funds are held in a separate Barclays client bank account.
Managing Director, Daniel Rajkumar, commented: “We are very excited to add the new IFISA to the services we offer users. With this new account type, lenders can combine the freedom and control of our normal investment process with the accruement of personal tax-free interest.”
The investment process using an IFISA account is the same as the regular lending procedure. Lenders browse the marketplace, read the borrower information, choose who to lend to, and invest any amount between £10 and the ISA limit for the current tax year. Once the money has been invested, they can monitor and control their investments online, 24 hours a day. To access invested capital, micro loans can be put up for sale on the Secondary Marketplace.
Opening any account is free. A monthly account fee, of 0.1% of the portfolio value, calculated as 0.1 x total capital outstanding on loans not in default, does apply. To find our more, visit the dedicated IFISA page on the website.
Remember that peer-to-peer lending involves you lending your capital to businesses in return for a fixed rate of interest agreed at the time of the lending commitment. Businesses may default on their payment commitments to you and as such, you may lose some or all of your capital.

About is a peer-to-business lending platform that facilitates commercial loans for SMEs in the UK. The FinTech company hosts a community that unites borrowers seeking funding with lenders looking to invest in company growth. The platform offers businesses fast access to finance, and helps lenders diversify their investment portfolio by lending to small- and medium-sized companies.
Borrowers can receive their funds, at competitive rates, within days, from supportive lenders who want them to succeed. The platform aims to build a society that inspires and encourages businesses to grow, in which lenders are rewarded for their risk and support of businesses.