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There are key safeguards in place to protect investors as much as possible:
  • 1. Wind Down Plan  FCA regulations require all lending platforms to have a structured wind down plan. This often includes appointing a third party firm to manage lnvestment repayments and recoveries, ensuring that borrowers continue making payments to investors.
  • 2. Direct Loan Agreements  Investors’ contracts are directly with borrowers, meaning that even if LendCart were to fail, borrowers remain obligated to continue making repayments.
  • 3. Client Money Protections  Any funds held by LendCart on behalf of investors (such as uninvested cash) would be stored in a segregated client account, ensuring they are not mixed with company funds and would be returned in line with FCA regulations.
  • 4. Capital at Risk & No FSCS Protection  Since this is an investment rather than a deposit in a bank, there is no protection from the Financial Services Compensation Scheme (FSCS). Investors bear the risk of borrower defaults or losses in the loan portfolio.