# Crowd For Angels Launches First Crowd Bonds For Its Innovative Finance Isa
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-03-17
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Earn Tax-Free Returns of Up to 9% with Crowd for Angels
Meta Description: Earn up to 9% p.a. with UK's leading crowdfunding company's secured product eligible for tax-free IF-ISA. Register now for higher returns!
URL: https://financedigest.com/crowd-for-angels-launches-first-crowd-bonds-for-its-innovative-finance-isahtml

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Crowd for Angels, one of the UK’s leading crowdfunding companies, has launched its first “crowd bonds”, a specially created secured, high interest product which is eligible for its new Innovative Finance ISA (IF-ISA). Introduced by the government in April last year, the IF-ISA allows investors to earn tax free\* income on crowdfunded debt securities.

The first two companies to issue crowd bonds to investors on the Crowd for Angels platform are:

- **Seven Spirit Limited**, an independent bar & [restaurant group](https://www.financedigest.com/wagamama-owner-restaurant-group-names-former-cadbury-executive-ken-hanna-chairman.html "Wagamama-owner Restaurant Group names former Cadbury executive Ken Hanna chairman") raising up to £400,000 and offering 6.4% p.a. interest, paid monthly.
- **PayitMonthly**, a company which helps SMEs offer their customers interest free finance, which is raising up to £200,000 at a rate of 9% p.a., paid monthly.

These are the first two crowd bonds launched by Crowd for Angels which are eligible for its new IF-ISA.  The bonds have been designed to offer a [higher rate](https://www.financedigest.com/uk-house-prices-fall-by-most-since-2009-higher-rates-to-bite-nationwide.html "UK house prices fall by most since 2009, higher rates to bite-Nationwide") of return than a typical Cash ISA and, providing a further degree of protection, are secured against assets of the borrowing companies or other assets. The IF-ISA is free and easy to open, available online 24 hours a day, and all investors [need to do is register with Crowd for Angels and provide their National Insurance](https://www.financedigest.com/insurance-that-every-individual-needs.html "Insurance that every individual needs…") number.

Tony De Nazareth, CEO and Founder of Crowd for Angels commented: _“With interest rates on Cash ISAs currently at all-time lows, we [expect to see high demand for our crowd bonds](https://www.financedigest.com/german-bond-yields-at-new-highs-after-stronger-than-expected-pmis.html "German bond yields at new highs after stronger-than-expected PMIs"). [Investors who are willing to take on extra risk by lending to companies have the opportunity of making tax free returns of up to 9% per annum on our asset backed](https://www.financedigest.com/exclusive-new-investor-backs-bt-says-fibre-jv-may-not-be-needed-source.html "Exclusive-New investor backs BT, says fibre JV may not be needed – source") bonds, which compares to an average interest rate of just 0.64% on a Cash ISA”._


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