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Octopus Choice reaches £100 million of assets under management

December 14, 2017

Octopus Choice reaches £100 million of assets under management

In what is a huge milestone, Octopus Choice — Labs’ peer-to-peer lending product — has managed to break £100 million of assets under management.

It’s a landmark the team is incredibly proud to have reached. It creates a strong foundation to build on as they enter the new year and look to grow its offering even more — starting with the Octopus Choice mobile app, which will soon be available to download.

Octopus Choice has evolved rapidly since launching in April 2016. In that time, users have collectively earned £2.41 million in interest. The past summer, alongside completely revamping the dashboard, Choice also became one of the first major platforms to release an innovative finance ISA. And it will be introducing the ability to do ISA transfers in the very near future, too.

The team believes its commitment to innovation has been crucial to reaching this goal. The trust and feedback its users have provided along the way have also been vital to its success. Additionally, Octopus Choice acknowledges the important role its financial advisers have played — of which there are now over 650 — not only by offering invaluable guidance, but by recommending Octopus Choice to their clients.

Labs has no plans to slow down, though. New projects and offerings are already underway, and the team can’t wait to share them with you.

Remember, Octopus Choice places your capital at risk — you may get back less money than you put in.