Editing JustUs

==Summary==

JustUs plans to disrupt the lending landscape and become a provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages JustUs will be required to gain regulatory approval which is not guaranteed. They return to Crowdcube to fuel the next stage of their growth.

* 'Peoples Mortgage' planned late 2021 FCA approval still required
* JustUs ISA has delivered 8% Net Annualised Return(past performance doesn't guarantee future returns)
* Bespoke loan service platform built for small businesses (SBILS.co.uk)
* P2P exposure & integration with global crypto banking App Moneybrain

==Idea==

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We think there are too many difficulties in obtaining finance, with one report claiming that 80% of applications for credit were being declined. Lenders appear to be taking a more cautious approach to offering loans and mortgages, particularly as many borrowers are likey to face uncertainty regarding job security and their income, with potential for a rise in the number of borrowers defaulting on repayments.

We believe savers have been let down by the mainstream banks at a time when savings balances are at a record high. The key bank rate is expected to remain steady at 0.1% through the rest of 2020 but is likely to be cut to -0.1% next year<ref>Bank of England</ref>. Savers are looking for alternative ways to make their money work harder and are looking increasingly to fintech to do so. We are regressing to a time where people helped people. We can provide savers with higher rates of return whilst they support borrowers who struggle to find financial products on the high street.

We have completed more than 850,000 transactions on the JustUs Platform since inception with £7million lender capital repaid & £913,000 interest paid to our lenders. Successfully integrated the Moneybrain App into the platform in 2020.

Funds raised will be used primarily to support compliance and administration of the JustUs ‘Peoples Mortgage’ proposition (approval not yet obtained) including IT & back-office recruitment.

==Team==

'''Lee Birkett | Founder'''

Lee was the CEO of the AIM-listed financial services business, Prestbury.com. In 2013, Lee presented the P2P lending and investing opportunity, securing 2,000 investors and £12M of investment through the JustUs platform.

'''John Gray ACA | Finance Director'''

Appointed in March 2016, before joining JustUs, John was employed by Rolls Royce plc. He began his career with Arthur Andersen and is a member of the Institute of Chartered Accountants in England and Wales.

'''Mike Moroney | Chief Operating Officer'''

Mike was appointed June 2017. He is a Sales and Compliance Manager who joined us from Santander UK plc.

'''Richard Farr | Compliance Adviser (NED)'''

Richard was appointed as a Non Executive Director in 2014. An accomplished FS risk and compliance consultant, he held managerial roles within Sun Bank Group. Head of Marketing Communications with Portman Building Society, Director of the Association of Mortgage Intermediaries. Richard has been CEO of Telos Solutions Ltd , a multi-disciplined management consultancy appointed to FCA/PRA Skilled Persons Panel.