The Money Platform

1 reviews

Representative 839.2% APR

Will lend between: £250 - £1,000

Over: 4 - 12 Weeks

Representative example: If you borrow £500 over 6 weeks at a Representative rate of 839.20% APR and an annual interest rate of 255.5% (fixed), you would pay 1 payment of £647.00. The total charge for credit will be £147 and the total amount payable will be £647.

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Representative 49.7% APR.

The Money Platform customer reviews.

1 reviews

4.0 out of 5 stars

Our review of The Money Platform

The Money Platform is an exciting new lender, the first in the country to be authorised to offer peer to peer short term loans. They worked with the FCA to create a service which is a great opportunity for both people with savings and those who need to borrow money. The Money Platform brand is owned by Gracombex Ltd, which was incorporated in 2015.

A peer to peer lending model means that The Money Platform can offer some of the most competitive lending rates on the market. They provide loans from £250 to £1000 over terms from three weeks to three months. Even with their new lending model, high cost short term loans are still an expensive way to borrow, so it’s worth making sure that other options aren’t available to you. If you apply before 3PM, you can get the money in your bank account on the same day and the application process seems to be very quick. Once The Money Platform has decided how much you can borrow, you can browse their marketplace to find the right loan for you.

Their fees are included in the rate you are quoted and you can pay off the loan early, although a late repayment will cost you £15. You can get a quote on their website without going through a hard credit check, so it’s worth having a look at their loans if you need cash in a hurry.

My Verdict: The Money Platform are an exciting new company with some great value loans and a transparent application process. As a peer to peer lender, they cut out the middleman and link you up with someone looking to lend money. However, they are a secure and sensible option if you are in the market for a short term loan. The cost of this type of loan is very high, so compare your options and make sure you’re confident you can make the repayments on time before applying.

Andrew Freelander
Written by
Andrew Freelander
Brand & Content Manager at Choose Wisely

Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.


  • Low borrowing rates for a short term loan product
  • No hidden charges or costs
  • Flexible early repayment
  • Simple application process

Minimum criteria

  • The Money Platform loan term is a maximum of 12 weeks
  • You must be at least 20 years old
  • You must have a UK current account and a credit history
  • You must be a UK resident
  • You must have 3 years address history in the UK
  • You must be able to afford the loan
  • There is no payment protection insurance against your loan
  • You'll need to confirm your identity


  • Maximum APR 839.2%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

The Money Platform Customer Question & Answers

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About The Money Platform

The Money Platform is a trading name for Gracombex Ltd a peer-to-peer lender within the high cost short term market offering loans between £250 and £1,000. 

Their loans are for short term borrowing only with terms between 4 and 12 weeks. 

Company information

Registration number: 09413521


Wework Swan House, 33 Queen Street, London, United Kingdom, EC4R 1BR

FCA registration

Reference No: 716455

Trading names: Gracombex Ltd, The Money Platform

Place of business: Wework Swan House, 33 Queen Street, London, United Kingdom, EC4R 1BR

Data protection registration

Registration No: ZA099774

Data controller: Gracombex Ltd

Address: Wework Swan House, 33 Queen Street, London, United Kingdom, EC4R 1BR

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Warning: Late repayment can cause you serious money problems. For help, go to