Kuflink

Kuflink's P2P platform secures FCA authorisation




Kuflink has received full authorisation from the FCA for its peer-to-peer platform.

Part of the Kuflink Group, the platform is the sister company of Kuflink Bridging, which will be the vehicle through which investors in Kuflink’s peer-to-peer platform will lend their money.

The peer-to-peer platform has returns of up to 7% gross per annum and a unique safeguard whereby the first 20% of every loan made will be funded by Kuflink Bridging.

Tarlochan Garcha, CEO of Kuflink Group, said that these were exciting times and it had been working with the FCA since August 2016 to achieve full authorisation for its peer-to-peer platform.

“I am in no doubt that the unique investor safeguards in the shape of Kuflink Bridging taking the first 20% of each loan made on to its own balance sheet has helped us in our goal to become fully authorised so quickly.

“We now have a highly effective and complementary source of funding for our short-term lending proposition via Kuflink Bridging.”

Tarlochan added that unlike other lenders it was not as the mercy of corporate funders, whose commitment to the market wavered after the Brexit vote.

“Not only is Kuflink Bridging able to provide a solid platform for consistent competitive lending facilities to the broker market, but Kuflink’s P2P proposition offers ordinary investors the opportunity for strong returns backed up by the best safeguards in the industry.”

Last year, Kuflink opened a new HQ (pictured above) following a period of expansion.

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