What happens if Simple Crowdfunding ceases to exist?
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Each property investment is
separately ring-fenced from the assets and liabilities of Simple Crowdfunding,
as well as any other property investments on the platform. Any funds that are held in your account, but not yet invested in property,
are held by the money recipient and will be returned to investors in the event
of Simple Crowdfunding falling into financial distress. For P2P Loans:
While your P2P loan is between you and the fundraiser, Simple Crowdfunding
plays a key administrative role.
Should Simple Crowdfunding cease operating, this may well affect
my investment due to factors including increased costs in administering
the loan. In this case, an alternative
manager could be appointed to continue the management of the assets in
accordance with our terms.
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