A peer-to-peer lending business has been launched in Exeter by four local businessmen. Bricks Financial has raised more than £1 million.
One of the founders, Clive Banks, said: “We are looking to build a community of investors to help those looking for development finance. Our aim is to improve the return on investors’ cash by earning excellent interest on their deposited funds, with a secured investment that brings benefits to the South West.
We expect the service we offer to evolve and expand in time; for now, we are focusing on this region and the Exeter catchment area in particular, where we all live and work.”