GOJI has launched a new payments system for platforms using its peer-to-peer lending software that will support more complex transactions and “remove payment headaches.”
The fintech firm already provides P2P lending platforms with client money capabilities that let them securely hold and transfer funds to multiple beneficiaries.
But Goji has built an extra service on top of its client money tool to help with more complex payment flows such as with property lenders where there could be lots of people involved.
It will allow payments to be more easily sent from one place to other third parties and multiple beneficiaries in a transaction such as borrowers, valuers and solicitors.
“Goji is committed to supporting the alternative Investment industry by providing the platform and regulatory infrastructure that the industry needs, freeing up platforms to focus on value adding tasks,” David Genn, chief executive at Goji said.
“This latest addition to the Goji platform will remove a lot of the payments headaches firms face.”
Goji operates both as an investment manager and an investment technology provider, with clients including P2P platforms Landbay and Assetz Capital.