Johan Groothaert

Fiduciam reveals record lending month

Fiduciam has recorded its best ever month as it granted £43.5m of new loans in October.

The specialist lender recently met its staffing target for 2019 and also announced its largest loan in Germany to date, a €3.5m (approximately £3m) deal. 

Every country that Fiduciam lends in — the UK, Ireland, Spain, Netherlands and Germany — helped to contribute to the record total arranged last month. 

Fiduciam is aiming to continue to expand the business, having already hired 25 new members of staff this year and is now looking to hire further case managers, underwriters and operational staff to meet its 2020 growth targets. 

Johan Groothaert, CEO at Fiduciam (pictured above), said: “The void left by the traditional banks means that demand for our loan product continues to grow across the UK and different European jurisdictions in which we lend. 

“Our pipeline is very strong going into the end of the year and further consolidation in the marketplace lending sector will put us in an excellent position entering 2020.”

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