UK: Easyjet founder launches FinTech

Founder of Easyjet Sir Stelios Haji-Ioannou has launched a financial services provider in the UK named Easymoney.

The new FinTech platform’s first product is an innovative finance ISA which aims to provide an annual interest rate of 4.05%, with customers’ money being invested in peer-to-peer loans secured against residential property.

Speaking at the launch, Chief Executive of Easymoney Andrew de Candole stated: “Financial services in the UK are in desperate need of a shake-up. Like European air travel 23 years ago, the ISA market is crying out for someone to give everyday investors more for their money”.

Easymoney plan to expand the range of products offered, though no date for this has been set.

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