Hello,
I have looked briefly at both LinkedIn and other similar opportunities but quickly moved on, because:
1. These funding schemes are not regulated. The Central Bank specifically call this out, notwithstanding the fact that things may change in the future.
2. I see absolutely no evidence of a "grey market" to sell on the debt, in the event that you "loan" funds but subsequently need to get your cash back.
Ultimately, Ireland is a much smaller place than the UK so the opportunity to sell on your "investment" might not be freely available. As for the lack of regulation, that just adds further concern (for now)....
Questions in my mind include how things may go, if a loan was not being repaid to terms for example or how a loan may be dealt with , if you put funds towards a debt via one of these providers, for tax purposes.
A day may well come when these lending schemes are regulated and indeed, may even obtain funds from the recently established Strategic Banking Corporation of Ireland (SCBI) but for now, I'm staying well clear.
I suppose in conclusion, it's a terrible shame that we now have these potential funders in the market, but our Central Bank and legal system is letting us down, by not dealing with the obvious concerns from the outset.