Kuflink launches secondary market

KUFLINK has launched a secondary market in the first of several promised platform enhancements to come for investors and borrowers this year.

The peer-to-peer bridging lender will let investors list most loan parts on the market, although some restrictions apply such as for loans in default or less than a month from their redemption date.

The platform will charge a 0.25 per cent administration fee to the seller, but the market is free to use for buyers.

“The whole team here at Kuflink is delighted to have launched our secondary market, the first in a long line of impressive products we’re bringing to the market this year,” Narinder Khattoare (pictured), chief executive of Kuflink, said.

“This new marketplace has been built completely in-house by our talented team, to match exactly what our investors told us they’d like to see – it’s all part of our mission to be a sustainable, dynamic and effective way for people to make the most of their money.”

Read more: Kuflink boosts IFISA and auto-invest rates

Kuflink has been growing at a rapid pace over the past few months. Last summer, the platform passed its £20m lending milestone, and in October 2018 it announced that its investments were being funded in record time thanks to new products such as Kuflink Bridging’s five-day loan.

The Kent-based company has also opened its second bricks-and-mortar office recently, located at the Silicon Roundabout in London.