Sister company Kuflink Bridging, a short-term lender, will be the vehicle through which investors in Kuflink’s peer to peer platform will lend their money. The lender offers its investors a guarantee that the first 20% of every loan made will be funded by Kuflink Bridging.
Chief executive Tarlochan Garcha said: “These are very exciting times for the group. We have been working with the FCA since August 2016 and we are delighted to have achieved full authorisation for our P2P platform in such a relatively short time frame.
“I am in no doubt that the unique investor safeguards in the shape of Kuflink Bridging taking the first 20% of each loan made onto its own balance sheet, has helped us in our goal to become fully authorised so quickly.”