If the peer-to-peer lending platform goes best it doesn’t automatically mean you’ll lose your investment. The loan is between you and the borrower, so whether an individual or firm, they will still owe you the debt. As part of the platform’s wind-down the loans are likely to be picked up by a third-party (potentially another P2P platform) who would be in a position to give you recourse. However, this may not always run smoothly, and you may get back less than you had loaned out. Unlike savings accounts, P2P accounts - including loans held in an Innovative ISA - are not covered under the Financial Services Compensation Scheme.