I sent the email below to a charity, as I was curious about how they managed their currency risk. Horner did not reply, but I was told "we will be back in touch as soon as possible.", however, more than two weeks later and still waiting for an answer.
.................................. Hello Ms Horner I came across your organisation (Lendwithcare, LWC) through your advert on a tube on London Underground. I've been on LWC's website and read about how its lending process works at a high level and I have read its Terms of Use, but I'm still curious about its currency activities:
(Another layer of complexity relates to the fees and interest charged and distributed between the Entrepreneuer, the MFI, and LWC. That layer is not of interest to me on this occasion). My background is corporate treasury management and I've written articles on various aspects of corporate finance. I'm based in London. It might be interesting to write an article on how you deal with currencies and associated risks. Not sure who would deal with my enquiry at LWC or whether it's one for Care Intnl UK. I had a look at Intnl's accounts and saw your organisation described in Note 20 as a Peer to Peer lending relationship. Nothing, however, on currency management or income from favourable currency movements, which is odd given it is such a central part of your lending process. I can't see any financial accounts for LWC. P Singh
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