INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK Investment manager Downing LLP completes acquisition of P2P lending platform 07 March 2019 Downing LLP is an FCA authorised and regulated investment manager which has over 25 years’ experience and has raised funds from 35,000 investors. The investment manager has its own crowdfunding platform, Downing Crowd, which launched in March 2016 and has since raised over £80 million on behalf of small UK businesses, having successfully launched 35 Bonds. Downing had already adopted Funding Empire’s technology in October 2016 and has also worked with the founders, Parag Patel, Jon Levy and Dinesh Patel, to launch Downing Crowd’s own in-house investment platform. The final acquisition of the Funding Empire business has now been authorised by the FCA. Funding Empire’s existing investors will not be automatically moved over to Downing’s own platform, Downing Crowd. However, to welcome them into the Downing family, existing Funding Empire members and investors will be offered a special rate on their first bond investment. Funding Empire continues to administer repayments for historic loans originated on the platform, but will not be issuing any new loans under this brand after the existing loans have been repaid. All new opportunities will be in conjunction with Funding Empire under the Downing brand. Over £60 million has been raised by Downing since Funding Empire’s technology was brought in. It has also allowed the business to continually innovate, with developments including the launch of an Innovative Finance ISA (IFISA) and SIPP account, regular access bonds and its newest product, bonds with potential equity ‘upside’. Funding Empire’s technology and operations will continue to be based in Downing’s new ‘Tech Hub’ in Cardiff, which is home to 10 employees and complements the 140-strong workforce in its London office. - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS Feedback