Kuflink hits £50m lending and promises ‘huge developments’

The lender said this came at the end of its busiest quarter to date and that it has significant development plans for the near future.

Of that £50m, more than £23m has been returned in capital to investors and a further £1.3m in interest.

CEO Narinder Khattoare (pictured right) said: “It took us over a year to fund our first ten million, and we’ve been on an upward trajectory ever since – we’re reaching each milestone faster than the last.”

He also acknowledged that peer-to-peer had been in the spotlight lately, but said the lender’s thorough due diligence and lending approach showed in the returns to investors.

“We’ve built a fantastic community of investors and couldn’t do it without their support, or the continuous hard work from our growing team,” he continued.

“We’re just beginning to launch the first in a series of huge developments for Kuflink that will really shake up the peer-to-peer market, so watch this space as there is plenty of excitement to come,” he added.