terms & conditions

Karadoo Finance Limited Borrower Terms and Conditions

Karadoo Finance Limited the Old Barrel Store, Draymans Lane, Marlow, SL7 2FF

INVESTMYSCHOOL.COM is a trading name of Karadoo Finance Limited (company number 10702553), registered in England, and has its registered office at 19-21 Chapel Street, Marlow, Buckinghamshire, England, SL7 3HN. Karadoo Finance Limited is authorised and regulated by the Financial Conduct Authority (FRN 777371). We are registered with the office of the information commissioner (no. ZA290916) for data protection purposes.


    These Terms and Conditions may change or be updated from time to time. It remains your responsibility to access and check these Terms and Conditions wherever you access the website. The latest version of these Terms and Conditions will govern any future usage by you of the website and its associated services. The date on which these Terms of Service were last updated is stated at the end of this document.

    1. is a website which brings together lenders and borrowers.

    2. A borrower’s funding request listing on enables successful lenders to each offer an individual loan to the borrower or to make a donation.

    3. Each successful lender provides an individual loan to a borrower. The discrete individual loans are aggregated and the sum of loans plus aggregated donations is intended to meet the borrower’s total funding requirement. The individual loans are aggregated and the sum of loans is referred to as the “loan”. The borrower cannot set, and Karadoo Finance Limited does not guarantee, a minimum amount for aggregate donations as part of the total funding request.

    4. A borrower’s funding request will state the single interest rate that they are offering to pay successful lenders who offer an individual loan to the borrower. The borrower accepts that lenders are unable to offer to receive an alternative rate of interest on their individual loan.

    5. Karadoo Finance Limited then organises the loan and administers the collection of payments from the borrower.

    6. Aggregate donations are passed through to the borrower on completion of the loan. No repayments are made, and no interest is payable on the aggregate donations.


    1. These borrower terms set out the borrower and Karadoo Finance Limited’s obligations with respect to the borrower's use of

    2. In addition to these borrower terms, the borrower agrees to other terms when using In relation to each loan the borrower will enter into a loan agreement and relevant security documents.


    1. The borrower cannot register with Karadoo Finance Limited unless it is a limited company or limited liability partnership registered with the Companies Registry.

    2. The borrower must not register with Karadoo Finance Limited more than once.


    1. The borrower's username and password provide access to the borrower's area of


    1. The borrower may apply for a loan.

    2. The borrower must meet the Borrower Eligibility as follows:

      1. has registered as a borrower with Karadoo Finance Limited

      2. has filed accounts at the Companies Registry for the last two financial years.

      3. is profitable in the last filed accounts

      4. can provide a 12 month cash flow forecast

      5. has a UK bank or building society account in the borrower's sole name.

    3. The borrower must pay Karadoo Finance Limited a marketing fee deposit of £750 when a funding request is fully pledged by investors.

    4. Once submitted, an application cannot be amended.

    5. The borrower may cancel a Loan application at any time up to the point that the loan is 100% pledged and you have accepted the loan offers.

    6. The borrower can only have one loan application outstanding on at any time.


    1. After Karadoo Finance Limited has received the borrower's loan application, Karadoo Finance Limited will notify the borrower whether the application is successful or unsuccessful. Karadoo Finance Limited's decision is final.

    2. If successful, Karadoo Finance Limited will assign a risk classification to the proposed loan.

    3. The risk classification is based solely on the information in the borrower's loan application and searches carried out by Karadoo Finance Limited at the Companies Registry and a credit reference agency. The risk classification is final.


    1. The names and addresses of the authorised applicant, the borrower, will be provided in order that Karadoo Finance Limited is able to carry out its AML (Anti Money Laundering) and credit checking responsibilities. These details will be required for all registered directors and any shareholders with 20% or more of the equity in the business.

    2. Karadoo Finance Limited reserves the right to reject the application from any borrower where this information is not provided.

    3. Karadoo Finance Limited has complete discretion to accept the loan application or not following AML and credit checks on the directors and beneficial owners.

    4. Karadoo Finance Limited’s decision to accept or reject an application is final and there is no obligation on Karadoo Finance Limited to share its reasons for its decision with the borrower, the directors or beneficial owners.


    1. Certain standard loan requirements apply to every loan and Karadoo Finance Limited may specify additional loan requirements when assigning a risk classification. The borrower must enter into the loan agreement and the loan requirements are set out in the loan agreement.

    2. The loan agreement and loan terms contain various undertakings and restrictions that the borrower must comply with.

    3. It is a standard loan requirement that the borrower gives a security over all its assets called a debenture.

    4. The borrower may offer additional security to support repayment of the loan, in the form of:

      1. a legal charge, being a first legal mortgage over land in England or Wales or a standard security in Scotland.

      2. an unsecured personal guarantee from a director of the borrower.

      3. a personal guarantee(s) (from a director or any third party) supported by a legal charge.

      4. a group company guarantee(s) from other related companies, supported by a debenture (and either supported by a legal charge or not).

    5. The offer of a legal charge, personal guarantee, secured personal guarantee or group company guarantee may improve the risk classification of the loan.

    6. When a loan is described as secured, it means it will be supported by a legal charge and the land has to be valued at not less than 50% of the loan amount at the start of the loan agreement. The completion of the legal charge, report on title and a valuation will be additional loan requirements.

    7. With a loan which is supported by guarantees and/or a legal charge, the borrower will have to pay the valuer's and (in some cases) lawyer's fees to enable the loan requirements to be completed. Those are not returnable if the valuer's or lawyer's reports are not favourable and the loan application lapses.

    8. It is a standard loan requirement that the borrower makes capital repayments and interest payments by direct debit as per the schedule set out in the loan agreement. See clause 17.


    1. Once Karadoo Finance Limited assigns the risk classification and the advisory panel have approved the loan application the listing starts,

    2. Karadoo Finance Limited undertakes that it will advance the loan amount to the borrower on behalf of the lenders if:

      1. the listing is a successful listing.

      2. the loan application does not lapse under the provisions of the loan agreement.


    1. The start of the listing triggers the start of two key periods:

      1. the listing period, which is how long the listing is open for lenders to submit loan offers or to make donations.

      2. the completion period, which is the maximum time allowed for the funding process to complete, before the loan application lapses.

    2. Karadoo Finance Limited cannot guarantee that a listing will take place at a particular time. Usually the listing period begins at 9 a.m. on the day after the borrower starts the listing, which is the listing start date and expires at 9 p.m. on the day which is 14 days after the listing start date, unless the borrower closes the listing early.

    3. The completion period begins on the listing start date and expires on the time out date, which is usually six weeks after the listing start date. In exceptional circumstances, Karadoo Finance Limited may extend the completion period by 21 days.


    1. The borrower profile contains information submitted by the borrower, including a video clip, where the borrower has opted to submit such a clip and details of the risk classification. The borrower name and funding request are viewable by potential lenders on, but details of the borrower profile and accounts are only viewable by registered lenders on when the listing starts.

    2. By starting the listing, the borrower confirms to Karadoo Finance Limited and the lenders that the information contained in the borrower profile is complete, accurate and up to date.


    1. The listing will be a successful listing if the funding request amount is filled, whether by loan pledges or donations, at the time the listing period expires.

    2. When offers have been received that in aggregate meet the amount stated in the funding request, then the status of the funding request is changed to “Loan Complete” and no further loan offers can be made or accepted.

    3. If the listing is a successful listing, the borrower has until 5pm on the third day after expiry of the listing period to confirm that it wishes to proceed with the loan. All required documents will then be issued to the borrower. If the required confirmations and payments are not received by the specified times, the loan application will lapse.

    4. It is the borrower's responsibility to procure that the documents are signed by all parties (other than Karadoo Finance Limited) in accordance with Karadoo Finance Limited's instructions.

    5. Where a legal charge is a loan requirement, Karadoo Finance Limited will instruct the valuer to prepare a valuation report and lawyers to prepare a report on title. The borrower is responsible for procuring that all information and access required by the valuer and lawyers is made available so that the legal charge can be completed to Karadoo Finance Limited's satisfaction by the specified time. The borrower must pay the valuer's and (in some cases) lawyer's fees in advance.

    6. The loan application will lapse if any loan requirement is not completed to Karadoo Finance Limited's satisfaction by the time out date.


    If the loan process completes by the time out date, the loan will be transferred by Karadoo Finance Limited to the Borrower's registered bank account after deducting any fees payable to Karadoo Finance Limited by the borrower.


    1. Karadoo Finance Limited does not guarantee that there will be sufficient numbers of lenders or loan offers for a successful listing.

    2. If the listing is not a successful listing, the loan application will lapse.


    Karadoo Finance Limited may terminate a listing or cancel a loan offer if it has any concern about the relevant lender, borrower or listing process. If the listing is terminated the loan application will lapse.

  16. FEES

    1. There is no charge to submit a loan application and if your request is eligible and approved then there is no upfront charge for listing on

    2. The borrower will pay a fee to Karadoo Finance Limited for marketing the loan if the loan completes.

    3. The marketing fee is 3.0% of the loan amount.

    4. If your funding request receives pledges for 100% of the loan amount then you will be asked whether you choose to accept the loan offers. If you accept then you will be asked to pay a £750 deposit against your 3.0% marketing fee.

    5. The marketing fee deposit is non-refundable. If the loan does not complete for any reason then this is retained by Karadoo Finance Limited.

    6. If the loan completes then the 3.0% marketing fee is reduced by the £750 deposit already paid. The marketing fee less the marketing fee deposit already paid is deducted from the loan amount before the loan is passed to the borrower.

    7. All fees and charges exclude VAT.


    1. Each month the borrower will make a single consolidated capital repayment and interest payment to Karadoo Finance Limited by direct debit as per the schedule set out in the loan agreement.

    2. The single repayment will be promptly allocated and distributed by Karadoo Finance Limited to each lender in accordance with the individual loan held by the lender by way of a credit to their account.


    1. Karadoo Finance Limited may deal with the borrower in its own capacity and as agent for the lenders that hold an individual loan.

    2. The borrower is entitled to details of any individual lender that holds an individual loan.

    3. Karadoo Finance Limited is not the borrower's agent and owes no duty to the borrower.


    1. The borrower may repay the loan early at no extra cost by giving Karadoo Finance Limited at least one month's notice and paying the whole amount of the loan outstanding plus interest accrued to the monthly payment date following expiry of the notice.

    2. The borrower cannot repay part of the loan, or any single individual loan or loans, early.

    3. The borrower may submit an application for a new loan to repay an existing loan. If the new loan is completed, the existing loan must be repaid early from the new loan.


    1. The borrower is liable to Karadoo Finance Limited (itself and as agent for the lenders) for any loss or damage suffered by Karadoo Finance Limited or any user of as a result of the borrower (or a person using the borrower's username and password with the borrower's knowledge or permission or through the borrower's negligence):

      1. using in a way that is fraudulent.

      2. breaching these borrower Terms.

      3. otherwise using in a way that causes loss or damage to Karadoo Finance Limited or any other user of


    1. Karadoo Finance Limited is not liable to the borrower for any loss, damage or cost arising out of or in connection with the borrower's registration with Karadoo Finance Limited or use of, except where the loss, damage or cost is a result of Karadoo Finance Limited's breach of these borrower terms, negligence or fraud.

    2. Karadoo Finance Limited's liability to the borrower will not exceed 10,000 pounds in respect of all claims.

    3. Nothing in these borrower terms excludes or limits Karadoo Finance Limited's liability for death or personal injury caused by its negligence or for fraud.


    1. Karadoo Finance Limited may transfer or delegate any of its rights or obligations under these borrower terms to any person. Karadoo Finance Limited may provide information about the borrower and the borrower's activities on to that person.

    2. The borrower may not transfer any of its rights or obligations under these borrower terms.

    3. If the borrower defaults, Karadoo Finance Limited will pass the loan to a debt management company.


    1. The borrower must pay to terms. Payment must be made on time, in full, and without any deduction, set off or counterclaim.

    2. In the event that the borrower fails to make a loan repayment by the required date as set out in the loan agreement, Karadoo Finance Limited retains the right to refer the matter to an external third party, to include a debt recovery company, which will incur costs for the Borrower.

      1. Karadoo Finance Limited may at its sole discretion allow a period of 7 days from the scheduled payment date for the borrower to remedy, being to contact Karadoo Finance Limited and make a manual payment of the scheduled instalment within that period.

    3. In the event that at any time, in the opinion of either Karadoo Finance Limited that the borrower is unlikely to pay the overdue loan repayment by any payment deadline then Karadoo Finance Limited will pass the loan to that debt recovery company for recovery of the outstanding loan and interest due to the end of the loan term, which will incur costs for the Borrower.

      1. Karadoo Finance Limited has complete discretion as to the time period that constitutes that timely manner.

    4. Any costs incurred to collect an overdue repayment or debt will be added to the debt balance. The borrower agrees that they will be legally liable to pay that surcharge, and that payment of the same can be enforced against them in court. The borrower also agrees to pay interest at the relevant reference rate provided for under the Late Payment of Commercial Debts (Interest) Act 1998, for which interest is payable both after and before any judgment of the court and continues to accrue.


    1. Karadoo Finance Limited may amend these borrower terms from time to time and need not give the borrower advance notice of the amendments.

    2. If Karadoo Finance Limited amends these borrower terms, the next time the borrower logs in to the borrower will be notified of the changes and the date from which the amendments were effective.

    3. If the borrower has already submitted a loan application, the previous borrower terms will continue to apply to that loan application and the subsequent listing and loan.

    4. If the borrower has not submitted a loan application and does not approve the amendments, the borrower should immediately notify Karadoo Finance Limited using the contact form, by phone: 01225 312388, or by post: Karadoo Finance Limited Customer Service, BPS House, 5 Fairfield Road, Bath, BA1 6EP and must not submit a new loan application to Karadoo Finance Limited. Karadoo Finance Limited will treat the borrower's notification as a request to cancel the borrower's registration with Karadoo Finance Limited.


    1. All notices given under these borrower terms or any other terms relating to must be in writing and in English.

    2. Karadoo Finance Limited may deliver a notice to the borrower by placing a message on the borrower's area of or by email or post to the contact details last known to Karadoo Finance Limited.

    3. A notice from Karadoo Finance Limited will be effective at the time of placing a message on or sending an email, or on the second business day after posting. A business day is a weekday other than a national holiday.

    4. A notice from the Borrower to Karadoo Finance Limited can be sent by email to, or by post to Karadoo Finance Limited Customer Service, BPS House, 5 Fairfield Road, Bath, BA1 6EP. Notices to Karadoo Finance Limited will be effective on receipt.


    If Karadoo Finance Limited does not enforce any of its rights under these borrower terms or any other terms relating to, it does not mean that Karadoo Finance Limited will be unable to enforce that right in future.


    A person who is not a party to these borrower terms may not enforce any of these terms.


    1. These borrower terms and any non-contractual obligations arising out of or in connection with it are governed by English Law and the English courts have exclusive jurisdiction.

    2. For the benefit of Karadoo Finance Limited, the borrower irrevocably submits to the jurisdiction of the English courts and irrevocably agrees that a ruling in those courts will be conclusive and binding on the borrower and may be enforced against the borrower in the courts of any other jurisdiction.


    The principal applicant is the individual who completes the registration on behalf of the school and creates an crowdfunding page on the website. The following additional terms will apply to the principal applicant’s dealings with Karadoo Finance Limited in relation to the relevant crowdfunding page and your use of the website and associated services. To the extent there is any conflict between these additional terms and the core Terms and Conditions, these additional terms will prevail.


    Karadoo Finance Limited will:

    1. Capture personal information including but not limited to the donor's name, title, address and email address ("Personal Information") at all times in accordance with the Data Protection Act 1998 and related legislation, regulatory requirements and guidance as updated and amended from time to time, all to the extent applicable ("Privacy Laws") and protect and secure such information. For the avoidance of doubt this paragraph does not imply that Karadoo Finance Limited will share such information with you and/or the crowdfunding page;

    2. Not sell, trade or rent Personal Information to third parties.


    1. Karadoo Finance Limited, as operator of the website and associated services, acts as an intermediary between you and the individual users of the website and associated services and, whilst your and/or the crowdfunding page and the individual user information resides on the website or associated services, Karadoo Finance Limited does not check or exercise any editorial control over the content of such information, save as required by applicable laws.

    2. In the event that Karadoo Fin1.1 is a website which brings together lenders and borrowers.ance Limited is made aware of or has knowledge of any unlawful activity or information on the website or associated services, Karadoo Finance Limited shall act to remove or disable access to the information.

    3. Karadoo Finance Limited shall not be liable to you or the crowdfunding page as a result of its role as intermediary.


    You agree that: -

    1. Where applicable, you shall ensure that any person or organisation for which you have created an crowdfunding page agrees to you raising funding on its behalf for the purposes set out on your crowdfunding page;

    2. If your use of the website and/or associated services results in access to any Personal Information you shall: (i) at all times assist with the responsibilities of Karadoo Finance Limited, as a data controller responsible for determining how the Personal Information is processed under the provisions of the Privacy Laws; (ii) not do, or cause or permit to be done, anything which may result in a breach by Karadoo Finance Limited of the Privacy Laws and comply with all reasonable instructions from Karadoo Finance Limited relating to the processing by you and/or the crowdfunding page of such Personal Information; (iii) comply with the Privacy Laws in respect of your and/or the crowdfunding page's collection, use, disclosure or processing of the Personal Information; (iv) abide by the lawful instructions of all data subjects in respect of the Personal Information and not do anything to compromise the security of such information; (v) not sell, trade or rent Personal Information to third parties; (vi) hold the Personal Information securely and not disclose it to anyone other than Karadoo Finance Limited, as agreed to by the data subject and/or as permitted by Privacy Laws; (vii) implement adequate security, technical and organisational measures against all unauthorised, unlawful or accidental access, processing, use, erasure, loss or destruction of, or damage to, Personal Information in accordance with Privacy Laws, and abide by Karadoo Finance Limited’s reasonable requirements to ensure the security of the Personal Information as notified to you from time to time; (viii) use Personal Information appropriately and only for the specific purposes as notified to you from time to time, including by way of the applicable privacy policy available on's website; (ix) only communicate with donors where they have agreed to receive further communications from you and/or the crowdfunding page, and only to the extent that they have indicated their preference to do so (for example in relation to communications for a specific fundraising event only); (x) not retain any Personal Information for longer than is necessary; and (xi) to the extent legally permissible, you shall indemnify and hold harmless Karadoo Finance Limited, its successors and assigns, from and against all losses, costs and other damage caused by your and/or the crowdfunding page's breach of this paragraph; and

    3. You shall maintain any necessary authority, permit, licence, consent, approval and registration for you to fundraise (and, where applicable, for Karadoo Finance Limited to fundraise on your behalf) in accordance with applicable laws and if Karadoo Finance Limited needs any such authority, permit, licence, consent, approval or registration for it to fundraise on behalf of the crowdfunding page then you will, at no cost to Karadoo Finance Limited, provide all such assistance as Karadoo Finance Limited reasonably requires to assist Karadoo Finance Limited with the same. You agree that you shall inform Karadoo Finance Limited immediately if, for any reason, you and/or the crowdfunding page cease(s) to maintain the necessary authority, permit, licence, consent, approval and/or registration to operate the fundraising activities in relation to the crowdfunding page in accordance with applicable local laws.

    4. By building an crowdfunding page you represent, warrant and undertake to Karadoo Finance Limited and the users of the website that:

      1. Each time you use the website or associated services, and in particular when you create an crowdfunding page, you will comply with Karadoo Finance Limited’s guidelines that apply to crowdfunding pages at that time.

      2. The Borrower Eligibility criteria as set out in section 5.2 is met by the borrower;

      3. The information you provide to us is true and accurate in all respects and is not misleading;

      4. You have disclosed to us all circumstances that you are aware of (including but not limited to any legal claims, undisclosed liabilities, litigation, court proceedings or investigations which are current, threatened, pending or otherwise reasonably likely to occur against you by any third party) which could materially and adversely change your financial condition, business or assets, and you must inform us if there is any change in these circumstances;

      5. You have not omitted to tell us any information which could reasonably be considered relevant to an application for credit;

      6. you will provide feedback via your crowdfunding page on the website, including at the end of the fundraising period to explain what outcome has been or will be achieved as a result (including how any funds raised in excess of your target will be used); all donations provided to the crowdfunding page will be used for the purposes set out on your crowdfunding page; and

      7. no fraudulent, criminal or otherwise improper uses will be made of donations made via your crowdfunding page.


    1. You hereby grant to Karadoo Finance Limited, its affiliates and its partners a non-exclusive licence to use any of your crowdfunding page's trademarks and any copyrighted material on your page (including images and videos or any link to the same) solely in connection with the website and associated services and its operation and promotion and for no other purpose whatsoever.

    2. The licence shall terminate automatically on expiry or termination of these Terms of Service or the removal of your crowdfunding page from the website in accordance with these Terms and Conditions.


    1. Notwithstanding the provisions of the Disclaimer and Limitation of Liability section of the core Terms and Conditions, Karadoo Finance Limited's total liability to you arising under or in connection with these Terms and Conditions, so far as such liability arises out of or relates to your creation and/or use of an crowdfunding page, shall be limited to the total fees paid by you to Karadoo Finance Limited under these Terms and Conditions for your use of the website and associated services during the preceding 12 month period ending on the date the circumstances giving rise to the liability arose.


    1. During the funding period of your crowdfunding page and for a period of seven (7) years thereafter, the parties shall treat as strictly confidential all information about the other which has been acquired as a result of the use of the website and associated services and which is not in the public domain.

    2. No party shall use or disclose to any third party such information belonging to the other party without that party's prior written consent, except where required to do so by applicable law, including, without limitation, the Freedom of Information Act 2000 and the Environmental Information Regulations 2004, or regulatory or governmental body. This paragraph shall survive termination of these Terms and Conditions.


    1. Karadoo Finance Limited reserves the right, at its sole discretion, to immediately and without notice suspend or permanently deny your access to all or part of the website and associated services, including for example by removing any crowdfunding page from the website. Karadoo Finance Limited will only exercise this right where there is a breach or suspected breach by you of these Terms and Conditions (including where there is any actual or suspected fraudulent, criminal or improper use of the website or associated services) or where Karadoo Finance Limited has any other legitimate reason to do so.

    2. These Terms and Conditions shall terminate automatically upon the removal by you or Karadoo Finance Limited of your crowdfunding page from the website. These Terms and Conditions will continue to apply to past use by you.

      Upon termination or suspension or denial of access to the website and associated services, funds already received on your behalf by Karadoo Finance Limited will be handled in accordance with the provisions above, provided that any potential payment (where applicable) may be delayed where Karadoo Finance Limited conducts an investigation regarding your use of the website and associated services and Karadoo Finance Limited may decide to refuse to pay funds across to you where you have breached these Terms and Conditions or your crowdfunding page has been removed. In such circumstances Karadoo Finance Limited may authorise a refund of loans and donations to donors.

Last Updated: 12th March 2018