Kuflink’s P2P platform fully authorised
Kuflink, part of the Kuflink Group, has received full authorisation from the FCA for its P2P platform.
Kuflink is now one of only a handful of P2P platforms in the property sector to be fully authorised and regulated by the FCA.
Sister company Kuflink Bridging, which is one of the UK’s fastest growing bridging lenders, will be the vehicle through which investors in Kuflink’s P2P platform will lend their money. With quoted returns of up to 7% gross per annum and a unique safeguard that the first 20% of every loan made will be funded by Kuflink Bridging, investments are better protected from any potential loss than via any other P2P platform.
According to CEO, Tarlochan Garcha, Kuflink Group is now ideally placed to develop its proposition.
He said, “These are very exciting times for the group. We have been working with the FCA since August 2016 and we are delighted to have achieved full authorisation for our P2P platform in such a relatively short timeframe. 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. Unlike some other lenders, we are not at the mercy of corporate funders, whose commitment to the market wavered, as we saw after the Brexit vote. Not only is Kuflink Bridging is 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.”