Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Startup Weekly: IKEA Bootcamp, Nesta’s ShareLab Fund and much more

Government & Policy

Theresa May: Tech giants should be encouraged to do more to fight online extremism

News

Alfa Financial completes ‘largest UK tech listing in almost two years’

Press Releases

Zzish hits £1.15m funding target on Crowdcube for technology that will democratise quality education and move the needle on learning
Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured

Peer-to-peer lender Kuflink receives full FCA authorisation

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

April 28, 2017

UK-based lender Kuflink has successfully received full FCA regulation in just eight months, making it the latest regulated peer-to-peer lender to enter the market.

The accreditation marks a milestone seal of approval for the Kuflink Group, validating the company’s founding premise of customer-centric transparency, financial security and premium industry service as a paramount objective.

Underpinned by a proven system of process, Kuflink’s service proposition is unmatched, defined by a founding 20% stake on all deals made, provided by principle lender and sister company Kuflink Bridging Ltd. Bolstered by a vetting and due diligence system that safeguards the customer at all times, a separate credit committee is engaged to assess all bridging transactions on the platform. Today’s accreditation fortifies the group’s directed strategy since commencing the regulation process in August 2016, joining the realms of the nation’s mainstream lenders.

Kuflink is part of the Kuflink Group, which is also compromised Kuflink Bridging. Launched in December 2011, the company is one of the UK’s leading lenders in the bridging and short-term finance market. Having been fully regulated by the FCA in October 2016, Kuflink Bridging has been expanding its operations and client-base to become a major player within the alternative lending industry, pioneering the sector’s evolution with its principle lending formula. This announcement marks Kuflink’s entry into a select arena of only a handful of pre-existent regulated lenders in the property space.

With the Kuflink Group now boasting a 360º regulated solution of both a regulated peer-to-peer platform and property-backed bridging loans, today’s announcement activates the Group’s pending launch of an ISA next month.

Tarlochan Garcha, CEO of Kuflink, said: “Today’s announcement comes at an important time for Kuflink as we continue to fortify our position in the peer-to-peer lending and bridging space. Through our hard work and determination, our authorisation from the FCA validates our delivery of a regulated peer-to-peer service that allows our customers to engage and transact in a safe and secure environment. I’m excited to announce that we are already preparing to launch an ISA as part of our services next month, and we look forward to supporting our expanding customer base over the course of the year.”

–ENDS–

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Startup Weekly

Startup Weekly: IKEA Bootcamp, Nesta’s ShareLab Fund and much more
posted 5 hours ago

Theresa May

Theresa May: Tech giants should be encouraged to do more to fight online extremism
posted 7 hours ago

Alfa Financial completes ‘largest UK tech listing in almost two years’
posted 10 hours ago

Tim Farron, Liberal Democrats

The Liberal Democrats Manifesto: what does it mean for UK tech?
posted 11 hours ago

Startup team

A £20m Series B, Microsoft’s new Surface Pro, mermaid emojis and more in The Week in Tech
posted 14 hours ago

British robot firm moves production to Madrid to maintain EU base post-Brexit
posted on May 25, 2017