A NEW peer-to-peer property lending platform has been given the go-ahead by the Financial Conduct Authority (FCA).
Oblix Capital Technologies, which currently offers bridging and development loans in the property sector, said the new platform would supplement its appetite for lending
“This is great news for Oblix and supports our overall strategy of further diversifying and expanding our lending capabilities,” said Oblix chief executive and founder Rishi Passi.
“Achieving FCA authorisation is just one more step on our ever-evolving journey and we look forward to offering retail and corporate lenders the opportunity to share in our success in the not too distant future.”
Oblix said the new platform would help it maintain a strong period of growth.
“We have been working closely with the regulator over the past few years, and I am pleased to say that Oblix has demonstrated the expertise to achieve this milestone,” said Oblix managing director Anuj Nehra.
“We are very aware of the challenges lenders like us face and this capability will help us achieve a credible, diversified business to further enhance our achievements as a lender to date.
“This is a big responsible step in Oblix’s history and my sincere thanks goes to our advisors during this process.”