The assurance policy will cover 80% of the client’s investment.
MoneyThing said it will undergo an orderly wind-down.
The FCA has placed a limit on investments to retail investors new to the sector who haven’t received financial advice.
Pritchard said this is needed before sales can become advised only.
The collapse of Funding Secure and Lendy earlier this year has left many questioning the future viability of the peer-to-peer model.
These rules are designed to help better protect investors and allow firms and fundraisers to operate in a long-term, sustainable manner.
The collapse of Lendy is the biggest failure of a European peer-to-peer platform to date.
Landbay deals include products for HMOs, multiple units in freehold blocks and for expat borrowers.
Grandin reckoned forward funding deals casts doubt on whether the P2P platform can find a funder in the first place and gives funders too much power.
The peer-to-peer lender also upped its revenue by 133% from £14m to £32m.