--- title: StepLadder in Peer2Peer Finance News description: StepLadder in Peer2Peer Finance News image: https://blog.joinstepladder.com/hubfs/Imported_Blog_Media/shutterstock_1016861470-700x325-300x139.jpg --- [![StepLadder Logo](https://blog.joinstepladder.com/hs-fs/hubfs/StepLadder%20Logo.png?width=1118&name=StepLadder%20Logo.png "StepLadder Logo")](https://www.joinstepladder.com) - [Apply](https://www.members.joinstepladder.com/) - [Find Out More](https://www.joinstepladder.com) - [Blog](https://blog.joinstepladder.com) - [Access Exclusive Content](https://www.members.joinstepladder.com/) Latest ## [Take two minutes to learn more](https://blog.joinstepladder.com/kickstarting-start-ups-with-the-uks-only-digital-group-saving-platform-0) by [Bella Percy-Hughes](https://blog.joinstepladder.com/author/bella-percy-hughes) on January 03, 2023 [Read more](https://blog.joinstepladder.com/kickstarting-start-ups-with-the-uks-only-digital-group-saving-platform-0) - CATEGORIES [In the News](https://blog.joinstepladder.com/topic/news) | 1 min read # StepLadder in Peer2Peer Finance News Written by [Michaela Regan](https://blog.joinstepladder.com/author/michaela-regan) - - - - *Orginally publsihed on [P2PFinanceNews](http://www.p2pfinancenews.co.uk/2019/01/15/p2p-start-up-launches-to-help-millennials-on-to-property-ladder/), on Jan 15th, by Hannah Smith* FINTECH start-up StepLadder has launched a peer-to-peer savings platform which aims to help millennials onto the property ladder. StepLadder says it is the UK’s first collaborative deposit saving platform, inspired by credit unions and building societies. With the number of 25-34 year-old property owners now at a low of 37 per cent, StepLadder says its collaborative savings solution could give them a leg up. Founded by fintech entrepreneur Matthew Addison, it comes to market following a successful pilot in 2018. The platform groups members in ‘circles’ in which each individual contributes an identical amount of money. This can range from £25 to £1,000 each month. Each member’s contributions are allocated to another member via the platform by random draw each month until all members have received their deposit money. Then each saver enters into a P2P loan agreement and borrows a percentage of funds apart from last member to draw their funds. StepLadder says that by saving as a group, 87 per cent of its members get their deposit faster than if they were saving alone. It also offer them access to specialist advice and discounts on conveyancers and surveyors. “We’ve seen decades of rising house prices, but wages haven’t grown in line,” said Addison. “As a result, many prospective first-time buyers have all but given up on the dream of home ownership, believing the costs to be insurmountable and the process inhospitable, StepLadder restores their faith in homeowning, providing a quicker and simpler method to save up for a deposit. “We are the friend of the first-time buyer and look forward to helping as many people as possible this year and beyond.” ### Related Categories [In the News](https://blog.joinstepladder.com/topic/news) ### [Michaela Regan](https://blog.joinstepladder.com/author/michaela-regan) Michaela is the Head of Communications at StepLadder and is passionate about helping people be at their best! ### You may also like: [Financial Wellbeing](https://blog.joinstepladder.com/topic/financial-wellbeing) [In the News](https://blog.joinstepladder.com/topic/news) ## [What does the New Tax Year mean for me?](https://blog.joinstepladder.com/what-does-the-new-tax-year-mean-for-me) What does the New Tax Year mean for me? [In the News](https://blog.joinstepladder.com/topic/news) ## [StepLadder in Tech Crunch](https://blog.joinstepladder.com/podcasts/stepladder-in-tech-crunch) Originally published on Tech Crunch on October 25th 2019, by Steve O'Hear. [First Time Buyers](https://blog.joinstepladder.com/topic/first-time-buyers) [In the News](https://blog.joinstepladder.com/topic/news) ## [First Time Buyers Unite - Our Open Letter to the Government](https://blog.joinstepladder.com/first-time-buyers-unite-our-open-letter-to-the-governmentfirst-time-buyers-unite-our-open-letter-to-the-government) Add your name to the open letter\*: \*By filling in this form you agree to add your name to the open letter. Your informat... 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