Narinder Khattoare

Kuflink's P2P platform continues to attract investment to support bridging borrowers




Kuflink has announced that its P2P platform — which supports its lending to short-term borrowers — is still attracting inward investment from new and existing sources.

At the end of February, Kuflink’s P2P platform achieved £75m of investments since its launch four years ago.

The Kent-based bridging lender stated that it was still paying interest to its investors, despite the challenges caused by the pandemic.

In March and April alone, Kuflink paid back over £5m of capital and interest.

In the coming months, the company is set to launch new products and services which it believes will truly set it above its peers as an innovator.

Narinder Khattoare, chief executive at Kuflink (pictured above), said that its advanced technology and forward planning had really “borne fruit”, enabling it to continue lending while other lenders have had to pull back.

“Our teams are working from their homes, serving customers and providing the same seamless service on which we made our name.”

He added that the immediate future was looking more positive on the housebuilding front, with a number of developers reopening their construction sites.

“Demand for funding will get stronger, and Kuflink is here to provide the finance for individuals and businesses to take advantage of the opportunities out there as the building sector reopens,” he stated.

“While no one knows exactly what a post Covid-19 world will look like, or how much our economy and society will have changed, Kuflink has the funds, service and expertise to help advisers and their customers through this challenging period and into the future.”

Currently, Kuflink’s criteria is being flexibly applied on a case-by-case basis.

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