Kuflink passes £100m lending milestone
Peer-to-peer bridging lender Kuflink has passed £100m in lending, as it seeks to fund more short-term loans.
Kuflink’s chief executive Narinder Khattoare (pictured) said that the platform is seeing increasing volumes of inward investment and added that unlike some other platforms, Kuflink is still accepting retail investors.
“This is the strongest indication yet that the pandemic has not scared off individual investors looking for sensible returns,” said Khattoare.
Read more: Kuflink recovers to pre-Covid investment inflows
“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.
Read more: Top five P2P property platform milestones this year
“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.”
To date, not one investor has lost money on any of the Kuflink project, the platform added.
Read more: Investors undeterred by appropriateness tests
