Peer-to-peer lender Lendy enters administration; court later freezes ex-directors' assets
Lendy Ltd · Peer-to-peer property lending
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Ownership / related-party links
Would have linked the Marshall Islands payees to the directors.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
End-use tracing of funds
Would have tested whether platform fees and loan money reached the stated end use.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Document authenticity / direct pull
Would have checked the invoices and agreements against underlying records.
Can mislead when: The company can refuse consent, and a refusal is itself a flag. Some banks and co-op banks are not on AA yet.
Regulatory & litigation records
Would have caught FCA supervisory action and loan default patterns.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Borrower monitor
Offered in India- C3 Would have linked the Marshall Islands payees to the directors.
- C6 Would have tested whether platform fees and loan money reached the stated end use.
- C8 Would have caught FCA supervisory action and loan default patterns.
Verified Snapshot
Offered in India- C3 Would have linked the Marshall Islands payees to the directors.
- C8 Would have caught FCA supervisory action and loan default patterns.
Financial diligence
Offered in India- C3 Would have linked the Marshall Islands payees to the directors.
- C5 Would have checked the invoices and agreements against underlying records.
Legal diligence support
Offered in India- C3 Would have linked the Marshall Islands payees to the directors.
- C8 Would have caught FCA supervisory action and loan default patterns.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.