Peer-to-peer bridging lender Kuflink has funded over £50m worth of bridging and development loans via its investment platform since its launch.
Of that £50m, it has already returned over £23m in capital to investors and a further £1.3m in interest. The milestone comes at the tail end of Kuflink’s busiest quarter to date, which has included a TV campaign, a new website and several new hires.
Narinder Khattoare (pictured), Kuflink, chief executive, said: “It took us over a year to fund our first £10m, and we’ve been on an upward trajectory ever since – we’re reaching each milestone faster than the last.
“Peer to peer has been in the spotlight lately, but this milestone shows that our investors understand why Kuflink is different from some lenders – our thorough due diligence, common-sense approach to lending and the millions in capital and interest we’ve already returned to investors are the reasons we’re here for the long haul.
“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.
“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.”