Crowdstacker Reviews 

403
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TrustScore 1.5 uit 5

1,4

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Beoordeeld met 1 van de 5 sterren

In March 2017 I invested £5,000 with Crowdstacker through an Innovative Finance ISA with Burning Night Loans, which provided finance to restaurant chains. I was persuaded, because it was in hos... Toon meer

Beoordeeld met 1 van de 5 sterren

Crowdstacker....interest made interesting, more like investment made non existent....there's not much else to add that previous reviews haven't already highlighted. Just had an email from their Head o... Toon meer

Beoordeeld met 1 van de 5 sterren

I stand to loose over £20k invested in Amicus (return was due 2019!!!) and Lonpro (return was due 2021). Updates on Amicus normally an annual excuse letter nothing since August 2024 and Lonpro last he... Toon meer

Beoordeeld met 1 van de 5 sterren

Class action against “Crowdstacker” anyone? I have got £11,663.52 worth of useless investments (“LonPro” & “Burning Night” developments) organised through these jokers in 2016 & 2018 (ongoing). I bel... Toon meer

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1,4

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TrustScore 1.5 uit 5

403 reviews

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1,4

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(403)

6 reviews in de afgelopen 12 maanden

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Beoordeeld met 4 van de 5 sterren

I have found Crowdstacker very good…

I have found Crowdstacker very good especially their web site which is easy to negotiate around and the information supplied is clear and easily understandable. There interest payment system works well. I have not had any problems with this company.

20 februari 2020
Review zonder uitnodiging
Beoordeeld met 5 van de 5 sterren

An entirely satisfactory experience!

Apart from a couple of admin errors,which were quickly, pleasently, and fully resolved by their office, when initially beginning to invest with Crowdstacker, my investment experience with them has been excellent, with interest paid 'on the nail'. My experience has been with their property development investments. I still have a current investment with them, and am sure I will invest through them further, when they have a suitable product for me. Hence my 'excellent' review

20 februari 2020
Review zonder uitnodiging
Beoordeeld met 4 van de 5 sterren

I feel they are honest

I feel they are honest, competent and really have the customer's interests top of their priorities. I'm a real fan having invested a lot of money via Crowdstacker and having got a lot repaid early.

20 februari 2020
Review zonder uitnodiging
Beoordeeld met 1 van de 5 sterren

I've also lost my entire sum in…

I've also lost my entire sum in 'Burning Nights', with I'm pretty sure no hope of getting any back in a future settlement. Maybe I've been unlucky but BEWARE would be my advice.

9 februari 2020
Review zonder uitnodiging
Logo Crowdstacker

Antwoord van Crowdstacker

Dear JM,

The ethos of our platform is to be transparent with the risks and benefits of each borrower who lists on our platform. We also place great importance on ensuring that investors complete a risk questionnaire so that key important risks of lending to businesses are understood.

We explain the risks because investing is not guaranteed to succeed. In this instance, the borrowing business has encountered problems. However, there are many other businesses listed on the platform that are operating well and delivering on their strategies.

We continue to work towards and have allocated a significant amount of resources to achieve a good outcome for investors. Our customer service team is available to discuss any concerns directly.

Kind Regards

Crowdstacker

Beoordeeld met 1 van de 5 sterren

Crowdstacker effectivly stole 20k from…

Crowdstacker effectivly stole 20k from my business.

We agreed to pay an initial fee for them to raise us some money but after a few weeks of very poor communication they then changed their position and kept the 20k.

Their Director never even took the time to communicate with us accordingly.

Avoid at all costs.

28 januari 2020
Review zonder uitnodiging
Logo Crowdstacker

Antwoord van Crowdstacker

Dear Elliot,

£20,000 was paid as an initial deposit on signing of a contract subject to certain key mutually agreed conditions to which facilitation of loan finance was subject. You failed to satisfy these conditions despite the fact that we gave the business a number of opportunities to remedy these conditions.

Your business failed our full credit analysis process that is designed to protect potential investors and we informed you of this.

Crowdstacker undertakes a stringent due diligence process which naturally incurs significant costs, hence why we take a deposit. We proceeded with the costly due diligence process over a number of months on the basis of the agreed conditions. As per the contract, we do not refund the deposit in instances where agreed conditions cannot be met.

We take our responsibility to our investors very seriously and the due diligence processes are a critical part of that.

Kind regards

Crowdstacker

Beoordeeld met 2 van de 5 sterren

Burning Night Investor

I invested a considerable amount of cash in Burning Night. Previous comments correct, in that there was not a huge choice of investments to choose from, at the time. Now I am sick with worry as the income was meant to be supplementing my basic pension. We are now getting 3 monthly updates which don't increase my confidence of getting a favourable outcome. The thing that really annoys me is that Crowdstacker are regularly winning awards for innovation and excellence. Whilst the hundreds of investors who have lost out, don't get a mention in all the publicity. Really hoping that I get some of my money back. Can't fault the politeness of Customer Services at Crowdstacker.

21 januari 2020
Review zonder uitnodiging
Logo Crowdstacker

Antwoord van Crowdstacker

Dear Nick,

We fully understand your concerns in relation to the situation with BurningNight.

Crowdstacker is committed to getting the best outcome for investors. The administration process is still underway, and for now, we are unable to share all the information as mentioned in our updates. Please rest assured that our interests are aligned, and we will continue our pursuit to recover investors' capital.

There are many other businesses listed on the platform that are operating well, providing growth, new employment, and social benefits as well as interest and capital to investors.

If you have any further questions regarding BurningNight or the administration process, please feel free to contact us directly.

Kind regards

Crowdstacker

Beoordeeld met 3 van de 5 sterren

what is the future for crowdstacker

I have been with crowdstacker now for a number of years. I invested a considerable sum in burning night (which i shouldn't have, i broke the number one rule which is to spread your cash over several loans and IFISA providers) but since then have learnt my lesson. Otherwise with crowdstacker everything has gone mostly well. At the time burning night was probably the only loan available to invest in, which lead to people investing too much of their capital in it. The whole episode has tainted the relationship between CS and investors with the recovery process very messy and prolonged. I see now that some of the investments seem to be paying their loans back early, and not many new ones have appeared on the site. I wonder what the future holds now for crowdstacker and is it going to be around in 5 years time. I have no idea what is going on behind the scenes at CS. I won't be increasing my investment and will probably withdraw my capital as it is paid back. A pity as i found the site quite easy to use and thought most of the investments were (and still are) reasonable ones. i'm happy to listen to anybody's opinion including those of CS.

20 januari 2020
Review zonder uitnodiging
Beoordeeld met 4 van de 5 sterren

Crowdstacker a good platform, but mind the risk

There are some disgruntled authentic alehouse (i am one) or buring night investors trashing Crowdstacker. To be honest, you shouldnt invest a large portion of your money in P2P or Innovative ISA products, they are riskier than listed equity. Although i fault Crowdstacker for not being clear that the Burning Night team, who also defaulted on a large Crowdstacker loan were behind the new Authentic Alehouse loans, they are a platform only. Documentation for each loan is clear, and the administration that is going on the platform is communicating well. I would say overall its a good experience, but for investors with some education...

1 november 2019
Review zonder uitnodiging
Beoordeeld met 1 van de 5 sterren

BEWARE before risking your capital. P2P is risky.

Be very careful before risking your capital here. They claim that the companies have asset backing,and the implication is that you are unlikely to lose your money. 2 of my investments, Burning Night and Authentic Alehouses,look like the security/asset backing will be worthless and I could lose ALL my capital. BEWARE!!!!!

13 september 2019
Review zonder uitnodiging
Logo Crowdstacker

Antwoord van Crowdstacker

Dear M,

The ethos of our platform is to be transparent with the risks and benefits of each borrower who lists on our platform. We also place great importance on ensuring that investors complete a risk questionnaire so that key important risks of lending to businesses are understood. We explain the risks because investing is not guaranteed to succeed.

In these instances, the borrowing businesses have encountered problems. However, there are many other businesses listed on the platform that are operating well and delivering on their strategies.

We continue to work towards and have allocated a significant amount of resources to achieve a good outcome for investors. Our customer service team is available to discuss any concerns directly.

Kind regards

Crowdstacker

Beoordeeld met 1 van de 5 sterren

Trying to figure out how Crowdstacker…

Trying to figure out how Crowdstacker lent over £6 million to Authentic Alehouses when their assets are valued at just over £3 million ? Is it me, have i read this wrong ? Help me out someone ? There are no funds available to complete the refurbishment of these pubs , so where as the money gone ?

10 augustus 2019
Review zonder uitnodiging
Beoordeeld met 1 van de 5 sterren

Look elsewhere

Mundane rates for the clear risk involved, simplistic website not fit for purpose, poor information flow, and it can take more than a week to get your money out. There's much better out there folks.

14 juni 2019
Review zonder uitnodiging

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