FundingSecure was a UK-based peer-to-peer (P2P) lending platform that specialized in asset-based loans, often described as a "peer-to-peer pawnbroker".
: Because the focus was on the asset's value rather than credit history, funds could often be released within 24 hours. Current Status: Administration
: Factors included a high number of borrower defaults and costly ongoing litigation, such as a major fraud lawsuit involving millions in missing art collateral. Guidance for Investors and Borrowers
: On October 23, 2019, FundingSecure Ltd was placed into administration .
: It connected individual investors with borrowers who needed short-term funding.







