Kuflink, the peer-to-peer (P2P) bridging lender, has passed the £100 million mark as new investment levels continue to accelerate.
The company launched its P2P proposition in 2016 and is the main source of funding for its bridging and development finance offering to the UK’s intermediaries and their clients.
To date, no investors have lost money on any of the projects chosen by Kuflink into which investor funds were placed.
Narinder Khattoare, chief executive of Kuflink, says this is the ‘strongest indication’ that the pandemic has not scared off individual investors looking for sensible returns.
He says: “As most of the larger P2P providers have turned away from catering to individual investors, our proposition is also proving to be very attractive to those who understand the step up in risk in exchange for a consistently higher return than they are getting from standard bank or building society deposit accounts.”
“Kuflink has proved conclusively that it can produce decent returns for private investors with minimum risk because of its knowledge and understanding of the property market.”
“I am particularly pleased to say to advisers with customers looking for bridging or development finance that, because of the growing investment through our platform, our ability to fund more short-term loans is considerably enhanced,” he concludes.