UK-based lender Kuflink confirmed on Friday that it has received full FCA regulation, becoming the newest regulated peer-to-peer lender to enter the market.
Kuflink’s peer-to-peer platform offers its clients security within a regulated and authorised framework, joining a similar lending infrastructure to that of the Britain’s big four banks. The lender’s vetting an due diligence system safeguards customers, with a separate credit committee engaged to assess all bridging transactions on the platform.
Kuflink Group also includes Kuflink Bridging, who have been fully FCA regulated since October 2016.entered the short-term finance market to become one of the newest players in the growing sector of alternative finance; so far, only a few other lenders in the property market have been given full regulation by the FCA.
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”.