The new tax year is upon us, following a wide array of changes throughout 2017 that may influence how tax conscious investors form their investment decisions. This week, IW Capital have featured in the FTAdviser’s guide to the new tax year; alongside fellow industry leaders, CEO and Founder Luke Davis provided his insights into the future of ISAs, including where he believes the industry is headed.
The annual tax guide, published by the FT’s IFA arm, brings in the foremost experts from across the financial landscape to give their views and insights into the present and future implications of efficient tax-planning in the 2018/19 tax year. Speaking about the latest addition to the ISA family – the Innovative Finance ISA – Luke said that the peer-to-peer backed ISAs could be the solution to a lack of quality that currently affects available products, by offering significantly higher return rates than currently available.
This week also saw one of IW Capital’s portfolio stars, peer to peer travel money platform WeSwap, feature in This is Money. Releasing their new research report into the amount of money lost by holidaymakers to ATM fees each year, WeSwap found that UK holidaymakers were charged £125million per year by convenient, but costly, airport ATMs.
Serving as the world’s first peer to peer travel money platform, the company’s phenomenal rise to success presents an exemplary growth story for UK fintech, reinforced by their recent milestone of £120 million in global transactions to date. In the four years since it was founded, WeSwap has grown its user-base dramatically, expanded the range of currencies that can be exchanged on its platform and cemented its position at the forefront of UK fintech innovation. WeSwap’s crowdfunding campaign was the most successful of its kind in the UK, with a record-breaking 3,500 people investing in the world first peer-to-peer currency exchange platform, all of who were users of the platform.
To learn more about IW Capital’s current opportunities, or about any future investment opportunities, as we move into the new tax year, speak to a member of our team on 020 7015 2250, or email info@iwcapital.co.uk