Peer-to-peer lender Kuflink Ltd receives full FCA authorisation
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.
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.”