Is The Money Platform covered by the Financial Services Compensation Scheme (FSCS)? July 20, 2023 13:04 The Money Platform is not a bank and so, like with all other peer-to-peer platforms, lenders are not covered by the FSCS. Related articles What are the risks involved with peer-to-peer lending? Who will I be lending money to? Is my money safe? How much can I lend and for how long? How can I cancel my loan?