Relendex granted full FCA authorisation

Peer-to-peer (P2P) lender Relendex has announced that it has received full authorisation from the FCA

Section: mobile apps categories

The authorisation will also allow the lender to launch its new Innovative Finance Isa.

Michael Lynn, founder and CEO of Relendex (pictured above), said: “FCA full authorisation marks a fantastic start to 2017 for the Relendex team and platform, which will further encourage and facilitate investment in commercial property from both our UK and foreign investors.

“The appetite for P2P marketplace lending in the property sector continues to grow at an incredible rate with the advances in technology resulting in further market share being taken from the high street banks.”

Relendex specialises in the commercial real estate lending market.

“Receiving full authorisation will further accelerate this growth and demonstrates that Relendex’s robust operational infrastructure has met with the highest standards demanded by the FCA, bringing increased transparency and confidence to our customers.” Michael added.

Earlier this month, peer-to-peer lender Proplend also secured full FCA authorisation.

Keywords: Peer-to-peer, Financial Conduct Authority, Innovative Finance ISA, IFisa, commercial real estate, FCA, Relendex, Michael Lynn

Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/relendex-granted-full-fca-authorisation